Assistant Vice President, Fund Accounting & Administration

State Street•Quincy, MA

10d•$70,000 - $130,000

About The Position

State Street is seeking an experienced Assistant Vice President to lead, manage, and oversee Back Office Accounting, Custody, and Insurance client conversion initiatives and deliverables. The role is part of State Street Global Delivery - Client Business Integration and State Street Global Services (SSGS), which provides asset owners and managers with custody, accounting, fund administration, shareholder recordkeeping, and operations solutions for alternative assets. The Assistant Vice President manages client conversions and onboardings, supports client relationships, applies knowledge of the overall process and operating model, and implements operational changes that improve service and technology use while adhering to regulatory standards. The role works with clients and internal teams to manage conversion status, resolve processing differences and asset-transfer or custody-settlement discrepancies, and meet procedures and deadlines. It also supports project risk management, team collaboration, cross-training, and seamless conversion delivery across business lines.

Requirements

Minimum 7+ years of financial services experience, including project/program management experience.
Knowledge of Investment Manager Servicing, Transaction Management, Capital Markets, Back Office Accounting and Custody operations, reconciliation, and State Street business offerings.
Background in complex fund structures and investment types.
Strong communication, interpersonal, decision-making, and negotiation skills.
Organized, with the ability to multitask in a fast-paced environment.
Strong project management, analytical and problem-solving skills, communication versatility, information technology acumen, teamwork, leadership, and written and verbal communication skills.
Experience with MCH and eHorizon, with a focus on complex fund investment servicing.
Strong Microsoft Office skills, including advanced PowerPoint and Excel features, and ability to use SharePoint, project management, and reporting tools.
Follow State Street corporate policies regarding return to office (RTO).

Nice To Haves

Master’s degree preferred or equivalent, with a focus in Accounting, Economics, Finance, Technical, or a related field.

Responsibilities

Manage client conversion activity, including new client onboardings, outgoing conversions, transition management (Asset Restructuring), mergers, interfund transfers, and in-kind transfers.
Execute onboarding plans and associated activities for custody clients while adhering to regulatory standards.
Support new client relationships and expansion of existing relationships.
Apply comprehensive knowledge of the overall process and operating model.
Implement operational changes that streamline functions and support an optimal service environment and technology utilization while adhering to regulatory standards.
Communicate with clients and internal stakeholders to assess conversion status, identify issues, and ensure processing follows best practices.
Quantify, document, and explain processing methodology differences so client and internal teams understand the nature of methodology changes.
Work with internal stakeholders, including COE and processing teams, to ensure client procedures and deadlines are met.
Provide technical expertise to research and resolve discrepancies related to asset transfers and custody settlements.
Keep project management updated and highlight potential risks and possible solutions in a timely manner.
Develop and foster collaboration within the team and across business lines.
Coordinate with team members, Shared Service teams/COEs, Client Operations, and other business units to support seamless conversions and ad hoc requests.
Support effective cross-training across teams to help create a global conversion team.

Benefits

Retirement savings plan (401K) with company match.
Insurance coverage, including basic life, medical, dental, vision, long-term disability, and optional additional coverages.
Paid time off, including vacation, sick leave, short-term disability, and family care responsibilities.
Access to an Employee Assistance Program.
Incentive compensation, including eligibility for annual performance-based awards, subject to stated exclusions.
Eligibility for certain tax-advantaged savings plans.
Inclusive development opportunities.
Flexible work-life support.
Paid volunteer days.
Employee networks.