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State Street · 1 day ago

Fund Accounting & Administration, MD

Clifton, NJ

Full-time

Onsite

Director/Executive

$160K/yr - $250K/yr

10+ years exp

State Street is a global leader in financial services, and they are seeking a Senior Managing Director for their Alternative Investments Private Market Services Business Unit. This role involves managing client relationships, overseeing deliverables, and leading a team to ensure high-quality service and operational effectiveness.

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

Client ManagementPrivate Equity KnowledgeLeadershipAnalytical SkillsBusiness Unit ManagementCommunication SkillsOrganizational SkillsProblem SolvingTime Management

Required

Senior level management role within State Street's Alternative Investments Private Market Services Business Unit

Exceptional interpersonal and communication skills

Strong initiative

Ability to perform well under pressure

Capable of managing multiple, diverse assignments

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

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

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

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

Preferred

MBA and/or CPA are a plus

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