State Street · 1 week ago
Hedge Fund Accounting & Administration, Officer
Sacramento, CA
Full-time
Onsite
Mid, Senior Level
$65K/yr - $102K/yrState Street is a global leader in investment management, helping institutional investors manage risk and drive performance. The Hedge Fund Accounting & Administration Officer will oversee the day-to-day accounting and administration for client-sponsored investment funds, ensuring high-quality client service and operational efficiency.
BankingFinanceFinancial Services
Responsibilities
Account for the day-to-day management of team members and the maintenance of assigned activities, allocate and coordinate resources and handle personnel related issues
Supervision of all subordinate staff levels including Associate 1, Associate 2 and Senior Associates
Deliver the highest quality of client service and ensure appropriate KPIs are in place and understood
Produce KPIs for functional team and perform first level review
Act as the escalation point for operational issues, providing technical expertise as needed
Track outstanding queries and issues; be detail oriented and prioritize effectively
Ensure queries are being managed in a timely and positive manner
Ensure all activities are completed in line with internal standards and review as required; ensure appropriate policies and procedures are in place and adhered to by the functional team
Create continuous improvement forums enabling teams and peer groups to identify and recommend opportunities
Support the onboarding of new clients
Promote a collaborative environment across businesses and jurisdictions fostering change and innovation; always demonstrate a positive attitude to all instructed business related changes
Deliver key messages and communication effectively to ensure understanding and staff engagement
Develop, engage and retain an industry leading workforce using all available resources
Ensure cross training is completed across the functional team and provide specific SME training as required
Assist with interviewing and hiring staff and make recommendations in relation to staff promotions and disciplinary issues
Actively participate in local management forums
Prepare and assist with internal reporting activities (risk/compliance, etc.)
Exercise discretion and judgment with regard to matters of significance such as identifying and implementing process improvements and driving project work to achieve efficiencies
Review and coordinate onboarding, conversion, and client change activities as needed and liaise between parties to ensure successful implementation and manage expectations
Provide coaching and development opportunities to staff and responsible for completing and delivering PPRs on time
Make effective recommendations to hire, discipline, control work, determine promotions, salary increases, bonuses and terminate employment
Ensure self and team anticipates, monitors, actively manages and reports all risk and compliance issues, breaches and suspicious activities
Act in accordance with Risk Excellence and role model Ethical behavior and decision making as part of our Way Ahead foundation
Perform other duties as required
Share responsibility with: Individuals on the team and other internal/external teams as needed to resolve issues/discrepancies and ensure client satisfaction; and local, regional or global working groups to advance and assist projects or committees as required
Collaborate with appropriate teams globally to ensure consistent service delivery, client solutions and client satisfaction
Qualification
Required
Exceptional interpersonal and communication skills
Demonstrate initiative
Ability to perform well under pressure
Ability to simultaneously handle multiple assignments
Account for the day-to-day management of team members and the maintenance of assigned activities
Allocate and coordinate resources and handle personnel related issues
Supervision of all subordinate staff levels including Associate 1, Associate 2 and Senior Associates
Deliver the highest quality of client service and ensure appropriate KPIs are in place and understood
Produce KPIs for functional team and perform first level review
Act as the escalation point for operational issues, providing technical expertise as needed
Track outstanding queries and issues; be detail oriented and prioritize effectively
Ensure queries are being managed in a timely and positive manner
Ensure all activities are completed in line with internal standards and review as required
Ensure appropriate policies and procedures are in place and adhered to by the functional team
Create continuous improvement forums enabling teams and peer groups to identify and recommend opportunities
Support the onboarding of new clients
Promote a collaborative environment across businesses and jurisdictions fostering change and innovation
Deliver key messages and communication effectively to ensure understanding and staff engagement
Develop, engage and retain an industry leading workforce using all available resources
Ensure cross training is completed across the functional team and provide specific SME training as required
Assist with interviewing and hiring staff and make recommendations in relation to staff promotions and disciplinary issues
Actively participate in local management forums
Prepare and assist with internal reporting activities (risk/compliance, etc.)
Exercise discretion and judgment with regard to matters of significance such as identifying and implementing process improvements and driving project work to achieve efficiencies
Review and coordinate onboarding, conversion, and client change activities as needed and liaise between parties to ensure successful implementation and manage expectations
Provide coaching and development opportunities to staff and responsible for completing and delivering PPRs on time
Make effective recommendations to hire, discipline, control work, determine promotions, salary increases, bonuses and terminate employment
Ensure self and team anticipates, monitors, actively manages and reports all risk and compliance issues, breaches and suspicious activities
Act in accordance with Risk Excellence and role model Ethical behavior and decision making as part of our Way Ahead foundation
Perform other duties as required
Share responsibility with: Individuals on the team and other internal/external teams as needed to resolve issues/discrepancies and ensure client satisfaction
Collaborate with appropriate teams globally to ensure consistent service delivery, client solutions and client satisfaction
Benefits
Our 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 our Employee Assistance Program
Incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans)
Eligibility for certain tax advantaged savings plans
Flexible work-life support
Paid volunteer days
Vibrant employee networks that keep you connected to what matters most
Company
State Street
State Street offers a range of financial services, including investment management, research and trading, as well as asset management.
Founded in 1792
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$12.05B2025-10-23Post Ipo Debt· $1B
2025-04-24Post Ipo Debt· $2B
2025-02-06Post Ipo Equity· $750M
Leadership Team
Ronald O'Hanley
Chairman and Chief Executive Officer
R
Renee LaRoche-Morris
Senior Vice President, Chief of Staff to the COO; Head of CAO Services
Recent News
2026-01-09
2026-01-09
Company data provided by crunchbase