Alternative Investments Fund Administration - Assistant Vice President, Fund Accounting (Private Equity, Real Estate)

DIVISION / ROLE OVERVIEW

With more than US$1 trillion in assets under administration and over 3,500 employees exclusively focused on alternative asset servicing, State Street delivers industry-leading alternative asset services to clients worldwide. We provide a complete suite of fund accounting, fund administration, corporate administration, risk and credit services to more than 500 clients, including institutional investors, hedge fund, private equity fund and real estate fund managers. Our team of alternative investment professionals has more than 20 years of experience working with leading alpha-generating funds, and combines extensive product expertise with flexible and innovative solutions specifically designed for alternative investments.

• Strengthen client relationships. Take ownership of client communication and prompt follow up of service requests
• Manage client expectations. Participate in discussions with both existing clients and prospects
• Ensure the timeliness and accuracy of client deliverables in accordance with agreed service standards

• Coordinate with clients' internal stakeholders and other service providers including auditors, corporate secretary, law firms, banks and property accountants to ensure smooth service delivery.

• Understand fund agreements and documents. Guide staff on the understanding and application of key terms
• Advise clients on relevant accounting and reporting matters

• Ensure monthly and quarterly client deliverables meet or exceed clients' expectation:
  • Prepare/review management accounts, financial statements and other deliverables including NAV calculations, capital call & distribution notices, fee calculations and investor requests
  • Coordinate annual audit and tax return preparation with external accounting firms
  • Respond to ad hoc client requests and queries promptly
• Review fund governing agreements and offering memorandums to ensure alignment of operational and accounting procedures
• Prepare and maintain robust operational processes and internal controls in accordance with State Street policies

• Manage staff to successful and timely completion of client deliverables.

• Set goals and career development plans for direct reports in accordance with State Street's performance planning process. Provide regular feedback and guidance to develop staff

• Manage the quality of deliverables from offshore centers of excellence
• Coordinate effectively with various internal service teams on client deliverables
• Oversee the risk management and compliance of accounting processes.
• Initiate and manage ongoing process improvement
• Coordinate with other global locations on corporate initiatives and deliverables

• Coordinate and manage special client and corporate projects
• Internal reporting

• Strong knowledge of private equity and real estate fund accounting
• Strong client relations and team management skills
• Team player with a proactive and positive approach to work
• Hands-on, meticulous and resourceful
• Problem solving and technical skills to handle complex transactions and structures
• Organizational and project management skills to multi-task in a fast paced environment
• Familiarity with Investran would be viewed favorably
• Proficient in Microsoft Office with advanced MS Excel skills.

• Degree in accountancy. Professional accounting qualification
• 10 years of accounting experience including with private equity and/or real estate funds, part of which must have been in a managerial role.
• Sound knowledge of FRS/IFRS.
• Prior process improvement and system implementation experience would be viewed favorably.