Assistant Vice President of Fund Administration
1 week ago
Overview of the Role.
At State Street, we are seeking a dedicated professional to join our Alternative Investment Solutions team. This position focuses on delivering tailored administrative services to both Hedge Fund and Private Equity clients. The role offers a unique opportunity to engage with hybrid investment products and collaborate with leading asset managers in the industry.
Importance of the Position.
The selected candidate will become an integral part of State Street Global Services (SSGS), which equips asset owners and managers with essential financial tools for effective investment strategies. Our services range from core custody and accounting to comprehensive operations solutions for alternative assets, enabling clients to make informed investment decisions.
Key Responsibilities
As the Assistant Vice President of Fund Accounting, you will:
- Lead a team of financial services experts in the execution and delivery of accounting and administrative functions for multiple alternative investment client accounts.
- Oversee the distribution of income to investors, assess management and incentive fees according to waterfall provisions, and manage capital events including calls and distributions.
- Ensure accurate portfolio and fund level accounting for various funds, including the review and validation of monthly or quarterly net asset value reports.
- Facilitate the onboarding of existing client funds and the initiation of new fund launches.
- Uphold a strong commitment to client satisfaction and service excellence.
- Ensure compliance with internal policies and external regulatory requirements.
- Innovate and implement technology solutions to meet complex reporting and data needs of clients.
- Identify and engage in cross-selling opportunities within the organization.
- Participate in strategic initiatives aimed at enhancing operational processes and models.
- Recruit, mentor, and develop team members to achieve their full potential.
Skills and Qualifications
The following skills will contribute to your success in this role:
- Strong analytical, problem-solving, and decision-making abilities.
- Excellent interpersonal and communication skills.
- Meticulous attention to detail.
- Effective time management capabilities.
Educational Background & Preferred Experience
- A Bachelor’s degree in accounting or finance.
- A minimum of 5 to 6 years of experience in Private Equity.
- Familiarity with alternative investment asset classes, complex fund structures, and fee calculations is preferred.
- Strong communication and leadership skills.
- Ability to perform well in a high-pressure, deadline-oriented environment.
- CPA certification is advantageous but not mandatory.
- Experience with Investran or Geneva is a plus but not required.
About State Street
State Street is a prominent custodian bank and asset management firm, recognized globally for its commitment to innovation in financial services. With a legacy spanning over two centuries, we assist clients in safeguarding and managing investments for millions of individuals. Our offerings include investment servicing, data analytics, research, trading, and management for institutional clients.
Work Environment and Growth Opportunities.
We strive to foster a positive work atmosphere with competitive and comprehensive benefits. Our offerings may include generous healthcare options, insurance, and savings plans, along with flexible work arrangements to suit individual needs. Additionally, we provide extensive development programs and educational support to help you achieve your career aspirations.
Commitment to Inclusion and Community Engagement.
At State Street, we value the diverse backgrounds and experiences of our employees, believing they contribute significantly to an inclusive workplace where everyone can thrive. We actively engage with communities worldwide, offering tools to balance professional and personal life, paid volunteer days, matching gift programs, and access to employee networks.
State Street is an equal opportunity and affirmative action employer.
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