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State Street · 1 day ago

Alternative Investment Admininstration Services, Vice President

Quincy, MA

Full-time

Onsite

Mid, Senior Level

$115K/yr - $201K/yr

6+ years exp

State Street is a global leader in financial services, dedicated to helping institutional investors manage risk and drive performance. The Vice President of Alternative Investment Administration Services will oversee private equity transactions, manage team performance, and ensure operational excellence while providing administrative and analytical solutions to clients.

BankingFinanceFinancial Services

Responsibilities

Review and assist staff with private equity transactions and assist in resolving private equity transactions related queries, audits and other ad hoc financial reports as required

Oversee the review, validation, approval and monitoring of the process workflow

Account for daily management of functional team(s) and manage daily service delivery and production activities performed by staff

Oversee offshore teams, performance tracking, participation in monthly/quarterly calls, transitioning new funds/business to offshore teams

Oversee the processing and management of expense and transaction payments for client investments

Primary contact and key escalation point for critical operational issues, as well as technical expert to resolve daily problems

Manage and escalate issues related to Business Unit Shared Services and COEs

Manage conversions of new business, plan for and review client specific agreements and internal policies

Ensure appropriate records of daily and monthly activities are complete and maintained

Identify and implement consistent operational best practices

Document and review procedures, recommend controls and risk strategies

Coordinate the implementation of new funds, systems and processes, assist with client conversions and other client projects

Develop and implement process improvements, effectively manage change to ensure departmental objectives are met

Promote a risk awareness culture in staff

Provide coaching and development opportunities to staff

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

Qualification

Private equity transactionsExpense managementAnalytical skillsProcess improvementsTeam managementCommunication skillsInterpersonal skillsOrganizational skillsTime managementProblem solving

Required

Competent to Expert with a Bachelor's degree, prefer finance, accounting, economics or business management major

6-8 years of related experience in transfer agency, private equity fund of funds or private equity fund accounting

Have experience in processing /managing expense and transaction payments for client investments

Proficient in email management

Strong problem solving and analytical skills

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

Excellent time management and presentation skills (communication to multiple levels (clients, other 3rd parties, executives, peers, subordinates). Flexibility across multiple formats (one on one, town hall, virtual meetings, social, etc)

Navigate a large, global organization. Build meaningful relationships and develop an effective network

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

Excellent administrative and organizational with the proven ability to multi-task and to work efficiently to meet client deliverables