Who we are looking for

This supervisory position is within the Hybrid and Hedge Fund Services business unit of the State Street

Alternative Investment Services Group.

The candidate will interact 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 candidate are responsible to direct the day-to-day accounting and administration for several client sponsored investment funds.

Why this role is important to us

The team you will be joining is a part of International Fund Services (IFS), acquired by State Street in July 2002. IFS, also known as 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.

• Manage all aspects of fund administration, including the allocation of income to investors, determination of management and incentive fees in accordance with the waterfall provisions, and processing capital events such as capital calls and distributions.
• Oversee the day to day accounting functions, including preparation and review of financial statements, partner capital statements, and Net Asset Valuation (NAV).
• Review Limited Partnership Agreements (LPA) and offering memorandums and ensure compliance with operational and accounting procedures.
• Coordination of annual audit and tax return preparation with external accounting firms.
• Manage internal workflow to ensure internal processing and client deadlines are met.
• Manage client expectations with both designated client contacts and fund investors.
• Review and/or prepare of various client related correspondence.
• Maintain working relationship with all client contacts, including investment professionals, investors, auditors, lawyers and banking personnel. Act as escalation point for all client queries.
• Ensure adherence with internal policies and procedures and compliance with external governing regulations.
• 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.
• Lead and mentor a team of fund accountants. Manage team performance through regular and ongoing feedback, performance review, goal setting and development opportunities.
• Foster collaboration across teams to ensure seamless execution of fund administration services.
• Lead the onboarding of existing client funds and the launch of new funds.
• Participate in special client or internal projects as required.