Expense Services – Alternative Investment Services
Job Summary
We are seeking an experienced professional to prepare and review Expense Services deliverables supporting Expense Administration, Distributions, Performance, and Regulatory Reporting. This role sits within the Expense Services group in State Street's Alternative Investment Services department and partners with internal stakeholders to produce accurate, timely, and well-documented client deliverables.
Key Responsibilities
Expense Administration
•Periodic/Annual Expense Budget Analysis
•Invoice processing
•Asset Based Fee Calculations
•Calculating Fixed and Variable accruals
•Expense Ratio/Proforma Analysis
•Expense Cap Analysis
•Acquired Fund Fees & Expenses (AFEE) Expenses of the underlying funds
Distributions
•Prepare Monthly, Quarterly, and Annual excise distributions for Funds
•Calculating net income earned & Capital-gains
•Calculate Class Level Distribution rates
•Preparing Certificate of Treasurer
Performance
•Prepare and review, daily, monthly, semi-annual, and annual Total Returns for the funds
•Prepare and Review After tax total returns
Regulatory Reporting
•Prepare Expense Audit and Financial Reporting support
•N-1A/N-2 Financial Data - Prepare Performance, Expense, and Hypo Tables to be reported in the fund's prospectus
•Prepare Annual ICI Primary/Secondary filing support for 1099-DIV filing
•Prepare and file SEC form 24(f)-2
•Prepare Form 1099-NEC/IRS filing
Qualifications
•Experience preparing and/or reviewing fund Expense Services deliverables across expense administration, distributions, performance, and regulatory reporting.
•Strong analytical skills with the ability to calculate and validate budgets, fees, accruals, expense ratios/proformas, and distribution rates.
•Familiarity with mutual fund distribution and reporting concepts, including net investment income, capital gains, and class-level calculations.
•Experience supporting regulatory and filing deliverables (e.g., prospectus financial tables, audit support, tax and SEC filings).
•High attention to detail, strong documentation habits, and ability to meet recurring daily/monthly/quarterly/annual deadlines.
•Effective communication skills and ability to collaborate across teams.
Preferred Qualifications
•Knowledge of SEC registered fund reporting requirements, including N-1A/N-2 disclosures and related prospectus tables.
•Experience with excise distributions and preparation of Treasurer certifications.
•Prior exposure to filings such as SEC Form 24(f)-2 and information reporting support (e.g., 1099-DIV, 1099-NEC).
•Experience in alternative investment services and/or fund accounting environments.
Compensation & Benefits
Salary Range: $52,000 - $94,120 Annual. The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Employees are eligible to participate in State Street's comprehensive benefits program, which includes: retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to the Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and eligibility for certain tax advantaged savings plans.
About State Street
Across the globe, institutional investors rely on State Street to help them manage risk, respond to challenges, and drive performance and profitability.
