Alternative Investment Services Manager

6 days ago

Clifton, New Jersey, United States State Street Full time
About the Role

We are seeking a highly skilled and experienced professional to join our team as a Fund Accounting & Administration, AVP. This is a unique opportunity to work with a leading financial institution and contribute to the success of our Alternative Investment Solutions business group.

Key Responsibilities
  • Manage a growing team of financial services professionals in the production and delivery of accounting and administrative services for one or more alternative investment client relationships.
  • Primarily responsible for the allocation of income to investors, determination of management and incentive fees in accordance with the waterfall provisions, and processing capital events such as capital calls and distributions.
  • Responsible for the portfolio and fund level accounting for numerous funds including the review and approval of monthly or quarterly net asset value reporting.
  • Lead the onboarding of existing client funds and the launch of new funds.
  • Demonstrate an unrelenting commitment to client satisfaction.
  • Ensure adherence with internal policies and procedures and compliance with external governing regulations.
  • Design and champion technology solutions to address the complex reporting and data requirements of clients.
  • Proactively identify and participate in cross-sell opportunities.
  • Participate in strategic working groups within the organization to improve processes and our operating model.
  • Recruit, hire, train, motivate, and develop staff to realize their full potential.
Requirements
  • Strong critical thinking, problem solving, and decision making skills.
  • Good interpersonal skills.
  • Attention to detail.
  • Effective time management.
Preferred Qualifications
  • Bachelor's degree in Accounting or Finance.
  • At least 5 to 6 years of Private Equity experience.
  • Experience with alternative investment asset classes, complex fund structures and fee calculations desired.
  • Highly effective communication and management skills.
  • Ability to thrive and function in a high pressure deadline driven environment.
  • CPA qualification is favourable but not required.
  • Experience with Investran or Geneva favourable but not required.
About State Street

State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

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