Alternative Investment Admininstration Services, Vice President at State Street Corporation - United States

Quincy, Massachusetts, United States -

Full Time

Start Date

Immediate

Expiry Date

27 Mar, 26

Salary

201250.0

Posted On

28 Dec, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Private Equity, Transaction Management, Problem Solving, Analytical Skills, Communication Skills, Interpersonal Skills, Organizational Skills, Time Management, Presentation Skills, Risk Management, Process Improvement, Coaching, Team Management, Operational Best Practices, Client Management, Financial Reporting

Industry

Financial Services

Description

Why this role is important to us The Private Market team is focused on providing administrative and analytical solutions to institutional investors in Private Equity and Real Estate. Our team tracks all communications from our clients’ General Partners, processes all cash movements, updates investment valuations, captures underlying portfolio company and property details, and provides online tools for performance and exposure reporting. What you will be responsible for As Alternatives Admin Services, Vice President you will : 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 Education & Preferred Qualifications 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 Salary Range: $115,000 - $201,250 Annual The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ. Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans. For a full overview, visit https://hrportal.ehr.com/statestreet/Home. About State Street 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 are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future. As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law. Discover more information on jobs at StateStreet.com/careers Read our CEO Statement Job Application Disclosure: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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Responsibilities

The Vice President will oversee private equity transactions, manage service delivery, and act as the primary contact for operational issues. They will also implement process improvements and ensure compliance with risk management practices.