Job Description

Who we are looking for
This is a senior level management role within the Hedge Fund Fund Services Business Unit of the State Street Alternative Investment Solutions Group. The position interacts with all levels of professionals both internally and externally and with senior level executives of State Street. Therefore, exceptional interpersonal and communication skills are required. Candidates must demonstrate strong initiative, be able to perform well under pressure and be capable of managing multiple and diverse assignments. The position is responsible for managing departments experiencing significant growth.

Why this role is important to us
The team you will be joining is a part of International Fund Services (IFS), acquired by State Street in July 2002. IFS, also known as Alternative Investment Solutions is a recognized industry-leading provider of fund accounting, fund administration and risk services to hedge funds and private equity funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements of institutional investors.
Join us if making your mark in the alternative investment industry from day one is a challenge you are up for.

What you will be responsible for
As an Officer, you will

• As an Officer you will partner with both clients and colleagues to establish the workflow and client deadlines while supervising staff members. Through continuous communications with clients and business partners, you will have multiple responsibilities including, but not limited to:

• Lead a diverse team involved in the preparation of financial statements for alternative investments products. Set individual and team targets and priorities; maintain standards of client service; conduct performance appraisals; and give feedback on performance.

• Act as the point of contact for clients with responsibility for implementing and supporting the service requirements of our clients while ensuring that regulatory and fund document deadlines are met. Be a source of technical support and guidance including reviewing financial statements prepared by your teams, ensuring accuracy and prepared in accordance with GAAP, prior to issuance to clients and/or auditors.

• Support new business integration and ensure operating models are designed to deliver best of breed service to clients bringing to bear our global footprint.

• Be the first line of defense in surfacing any potentially risky activity, and will work collaboratively with your team members to ensure data accuracy.

• Manage the planning, preparation, and execution of the monthly or quarterly net asset value reporting cycle for one or more alternative investment client relationships.

• Be responsible for the allocation of income to investors, determination of management and incentive fees in accordance with the waterfall provisions, and processing capital events such as capital calls and distributions.

• Work with internal teams both onshore and abroad to provide best in class service to our clients while always seeking ways to improve and automate workflow and processes.

• Ensure adherence with internal policies and procedures and compliance with external governing regulations.

• Coordinate all external audit requests, and requirements from financial reporting, tax, compliance, risk and regulatory reporting.

Education & Preferred Qualifications

• Candidate must have a university degree (business, mathematics, finance or economics preferred, accounting concentration a plus) and at least 7 years of accounting experience, including 2 to 3 years of supervisory and financial reporting experience is required.

• Experience in the Hedge Fund and Fund of fund is required.

• Strong computer skills are required, especially Microsoft Office, particularly MS Excel.

About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers