Who we are looking for
We are looking for a Fund Accounting & Administration, Assistant Vice President reporting directly to Fund Accounting & Administration, Vice President. This managerial position is within the Private Equity Fund Services Business Unit of the State Street Alternative Investment Solutions Group. The position interacts with all levels of professionals both internally and externally. Therefore, exceptional interpersonal and communication skills are required. Candidates must demonstrate initiative, be able to perform well under pressure and simultaneously handle multiple assignments. The position is responsible for managing client relationships and managing and directing the overall accounting and administration for several client sponsored.
Why this role is important to us
The team you will be joining is a part of Alternatives Fund Accounting, a function that is vital to the company. 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 Fund Accounting & Administration, Assistant Vice President, you will:
Manage day-to-day communications with contacts of several clients, including investment professionals, client personnel, investors, attorneys, auditors, bankers, etc
Thorough review and understanding of investment fund legal documents, including complete understanding of partnership allocations and distribution waterfalls
NAV oversight, Full review of accounting and tax work paper packages, NAV packs, financial statements and other reports and communications for one or more clients
Coordinate and manage annual audit and tax return preparation with Big 4 accounting firms, including negotiation or review of fees, as necessary
Direct and/or indirect management and supervision of all subordinate staff levels
Coordinate discussion and documentation of portfolio investment valuations with clients, as necessary
Ensure the development and implementation of training for all levels of accounting staff and management
Coordinate and liaise with other operating groups (investor communications, financial reporting, tax, etc) to ensure effective communication among operating groups
Assist with development and implementation of accounting policies and procedures
Review and approve all transactions (money movement, trades, etc.) in accordance with established guidelines
Ensure client deadlines are met, regulatory filings RCS, BCL, CSSF completed etc.
Assist with execution and implementation of GAAP and other technical accounting pronouncements, as necessary
Coordinate and manage special client and corporate projects
Meet all requirements for the performance planning process including goal setting, regular and immediate feedback and submission of formalized performance appraisals
Represent State Street at periodic client meetings, present and discuss business results and initiatives
Participate in industry sponsored trade shows, seminars and other events.
What we value
These skills will help you succeed in this role:
Practical experience with fund accounting systems such as Investran, Geneva, other
In depth understanding of alternative investment product range and fund accounting topics in private markets
Knowledge in regulatory reporting/filing RCS, BCL, CSSF
Successfully finalized post graduate qualification in accounting or advanced in a process.
Substantial previous fund accounting experience, including managerial experience
Previous auditing experience and / or coming directly from business
Excellent administrative, organizational and business support skills, with the ability to juggle priorities…