Fund Accounting, Associate 1
State Street · Hangzhou, China · full time · On site · yesterday
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Who we are looking for:
We are looking for motivated and detail-oriented professionals to join the Conversion project team, a strategic function supporting client onboarding and platform transformation initiatives within AIS. Team members will have the opportunity to work closely with Fund Accounting, Business Technology, Project Management, and Operations teams, gaining exposure to large-scale conversion projects, process improvement initiatives, and evolving business solutions.
Why is this role important to us:
The team you will be joining is part of Alternative Investment Solutions (AIS), a recognized industry-leading provider of fund accounting, fund administration, and risk services to hedge funds, private equity funds, and other alternative investment vehicles. These services are fully integrated to provide end-to-end solutions that span the front, middle, and back-office needs of institutional investors.
The Conversion project team plays a critical role in supporting AIS growth and transformation by delivering client onboarding and platform conversion initiatives. Through close partnership with business, operations, and technology teams, the group helps drive operational excellence, scalable solutions, and successful client outcomes across the organization.
What you will be responsible for:
As an Associate1, you will
- Support conversion project and client onboarding activities following established procedures and controls.
- Perform cash, position, transaction, and accounting reconciliations.
- Load, validate, and maintain portfolio data, including historical tax lots and security master information.
- Complete portfolio pricing validation and investigate basic exceptions.
- Support income, expenses, and accrual validation activities.
- Execute assigned conversion workflows and utilize approved automation tools.
- Maintain accurate documentation and provide regular status updates.
- Escalate issues, discrepancies, and risks to senior team members in a timely manner.
- Support testing, validation, and post-conversion stabilization activities.
What we value:
This candidate would require
- Strong analytical and problem-solving skills.
- High level of accuracy and attention to detail.
- Strong written and verbal communication skills.
- Ability to work effectively in a collaborative and fast-paced environment.
- Basic understanding of accounting principles and financial statements.
- Interest in learning fund accounting, investment operations, and financial products.
- Proficiency in Microsoft Office applications, particularly Excel.
- Positive attitude with a continuous learning mindset.
- Shows a growth mindset by adopting AI and digital tools to enhance ways of working, improve effectiveness and business outcomes.
Education & Preferred Qualifications:
- Bachelor's degree in Accounting, Finance, Business, Economics, Information Systems, or a related field.
- 0-2 years of experience in financial services, fund accounting, investment operations, or a related field.
- Basic knowledge of accounting concepts and investment products preferred.
- Previous internships or exposure to financial services are advantageous.
- Experience with investment accounting platforms is a plus.
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
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- Employer
- State Street
- Location
- Hangzhou, China · On site
- Contract
- full time