Operations Client Service, AVP
Company: STATE STREET CORPORATION
Location: Sacramento
Posted on: August 5, 2022
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Job Description:
Job Description Who we are looking for This managerial position
is within the Private Equity Fund Administration Services Business
Unit of the State Street Alternative Investment Services Group. The
Assistant Vice President - Private Equity Fund Accounting interacts
with all levels of professionals both internally and externally.
Therefore, exceptional communication and interpersonal skills are
essential. The Private Equity Fund Services group is a growing,
dynamic business unit within the Alternative Investment division.
Candidates must demonstrate strong technical investment accounting
knowledge, initiative, be able to perform well under pressure and
simultaneously direct multiple tasks. The position is responsible
for maintaining direct client relationships and the day-to-day
accounting and administration for several client sponsored
investment funds. Why this role is important to us 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 a Private Equity Fund Accounting &
Administration, Assistant Vice President you will: Supervise all
subordinate staff (including Associate 1, Associate 2, Officer,
Senior Assoc. and/or Senior Staff). Manage internal workflow and
client deadlines. Manage client relationships with both client
personnel and fund investors. Review quarterly and annual financial
work paper packages including portfolio schedules, accruals and
partner capital allocations. Review and/or preparation of capital
calls and distributions, including notices and release merged
documents. Review periodic bank and cash reconciliations and post
journal entries. Review quarterly management fee calculations.
Review and/or preparation of various client related correspondence.
During the course of normal day to day operation, responsible for
identifying any unusual or potentially suspicious transaction
activity and must report and/or escalate in accordance with
corporate policy and guidelines detailed in relevant operating
procedures. Work with database team regarding client deliverables
such as financial statements, capital calls and distribution
notices. Coordination of annual audit and tax return preparation
with external accounting firms. Education & Preferred
Qualifications Candidates must have an a college degree (business,
mathematics, finance or economics preferred, accounting
concentration a plus) and at least 7 years of accounting
experience, including 3 to 4 years of supervisory experience.>
Specific experience in the private equity industry is a plus CPA is
a plus, but not required. Experience with Investran or other
partnership accounting applications is a plus. 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 in locations, but you
may expect generous medical care, insurance and savings plans among
other perks. You'll have access to flexible Work Program 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 perspective 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
the 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 program 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.
Keywords: STATE STREET CORPORATION, Sacramento , Operations Client Service, AVP, Accounting, Auditing , Sacramento, California
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