Alternative Investment Admininstration Services, Vice President

Overview

The Private Market team provides administrative and analytical solutions to institutional investors in Private Equity and Real Estate. The team tracks communications from clients’ General Partners, processes cash movements, updates investment valuations, captures portfolio details, and provides online tools for performance and exposure reporting.

As Alternatives Admin Services, Vice President you will :

• Review and assist staff with private equity transactions and resolve related queries, audits, and 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, track performance, participate in monthly/quarterly calls, and transition new funds/business to offshore teams.
• Oversee the processing and management of expense and transaction payments for client investments.
• Serve as primary contact and key escalation point for critical operational issues, and act as a 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 meet departmental objectives.
• Promote a risk awareness culture in staff.
• Provide coaching and development opportunities to staff.
• Ensure self and team anticipate, monitor, actively manage and report 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.

• Competent to Expert with a Bachelor’s degree; finance, accounting, economics or business management preferred.
• 6-8 years of related experience in transfer agency, private equity fund of funds or private equity fund accounting.
• 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, including excellent time management and prioritization.
• Excellent time management and presentation skills with ability to communicate to multiple levels (clients, third parties, executives, peers, subordinates) and across formats (one-on-one, town halls, virtual meetings, etc.).
• Ability to navigate a large, global organization, build meaningful relationships and develop an effective network.
• Ability to communicate with various internal teams to resolve inquiries and know when to escalate.
• Demonstrated initiative, ability to perform under pressure, and manage multiple assignments simultaneously.
• Excellent administrative and organizational skills with the ability to multi-task and meet client deliverables.

$115,000 - $201,250 Annual

The range above applies to the role in the primary location specified. If the candidate would work outside the primary location, the applicable range could differ.

Employees are eligible to participate in State Street’s comprehensive benefits program, including retirement savings plan (401K) with company match; insurance coverage; paid time off;
Employee Assistance Program; incentive compensation including annual performance-based awards; and eligibility for certain tax-advantaged savings plans.

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees…