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State Street · 1 month ago

Alternative Operations Fund Accounting, Managing Director

Quincy, Massachusetts

Full-time

Onsite

Senior Level, Lead/Staff

$170K/yr - $268K/yr

10+ years exp

State Street is a global leader in investment management, and they are seeking a Managing Director for their Alternative Investments Private Market Services Business Unit. This senior-level role involves managing client relationships, ensuring service delivery, and overseeing operational effectiveness while developing business plans and new service offerings.

BankingFinanceFinancial Services

Responsibilities

Be responsible for development and execution of overall business plans both internally and in partnership with clients

Manage relationships with key client contacts to ensure continued confidence in State Street and ensure client satisfaction expectations are met relative to the level of service delivered

Responsible for all daily, weekly, monthly and quarterly deliverables for assigned client base

Coordinate monthly and quarterly production calendars with clients and internal support areas including but not limited to Financial Reporting, Compliance and Tax

Ensure process and procedures are adequate to meet quality standards and are consistently applied and regularly reviewed

Ability to identify and act on high risk processes; must be active and current on all procedures, controls and high-risk areas to prevent financial loss

Responsible for the direction and training of subordinate managers and staff. Address employee concerns and sensitivities

Meet all requirements for the performance planning process including goal setting, regular and immediate feedback and submission of formalized performance appraisals

Provide support for and effectively communicate broad overall company initiatives and goals to managers and staff within span of control

Responsible for participating in department budget and staffing projections. Complete staffing proposals for newly awarded business

Assess operational effectiveness and make suggestions to transform how we operate and deliver services to clients. Develop ideas for new products and services to expand business opportunities and better meet client needs

Participate in new business generation process including review of proposals, prospect presentations, staffing allocations, etc

Represent the organization internally and externally as a senior level manager of State Street

Spearhead special projects and serve on committees and task force assignments

Qualification

Private Equity Fund knowledgeBusiness unit managementAccounting experienceAnalytical skillsInvestran experienceFinancial service operationsMBACPACommunication skillsLeadership skillsOrganizational skillsTime management

Required

Candidates must have a college degree (accounting degree strongly preferred; business, mathematics, finance or economics degree required) and 10 or more years of previous accounting and/or financial service operations experience

Candidates must possess solid business unit management experience on complex clients requiring a high level of client interaction

Strong problem solving and analytical skills

An ability to be a leader within their team, as well as be a leader amongst your peers

Strong communication, interpersonal, and organizational skills, which includes excellent time management and prioritization skills

Ability to communicate with various internal teams to resolve inquiries and understanding when to escalate

Candidates must demonstrate initiative, be able to perform well under pressure, and simultaneously handle multiple assignments and to work efficiently to meet client deliverables

Knowledge of Private Equity Fund structures, designs & hierarchies, standalone funds, master-feeder funds, and the role of each entity in the fund structure

Knowledge of / experience with private equity accounting and allocation technology, such as Investran, and waterfall compensation methods and calculations

Familiarity with Private Equity Fund Services quarterly deliverables, such as Consolidations, PCAPs, Unfunded Statements, ILPAs, etc

Knowledge of upstream and downstream technology solutions to drive more automation levels in servicing private markets structures is a plus

Familiarity with other alternative investment structures is a plus