Bank Loans, Officer

State Street•Quincy, MA

20h

About The Position

The Alternative Investment Solutions Loans Unit (ALU) is responsible for critical and time-sensitive controls, executions, and decisions within investment operations, including the Investment book of records, trade execution, settlements, lifecycle events, corporate action processing, cash, and position reconciliation. The team interacts directly with clients and acts on their behalf with internal and external parties. The successful candidate will manage the day-to-day delivery of services to several large fund managers, involving significant managerial responsibilities, oversight, and hands-on service delivery. This managerial position is within the Private Markets Fund Administration Department of State Street Alternative Investment Services Group. The Officer will interact with professionals at all levels, both internally and externally, requiring exceptional communication and interpersonal skills. The AIS Loans Unit is a growing, dynamic business unit within the Alternative Investment division. Candidates must demonstrate strong technical investment processing and reconciliation knowledge, initiative, and the ability to perform well under pressure while directing multiple tasks. The role involves maintaining client relationships and the day-to-day servicing and administration for client-sponsored investment funds.

Requirements

In depth knowledge of the operational management of the following products: Private and Syndicated Loans, Notes, Private Bonds
In depth knowledge of processing functions: Trade intake, Settlements, Lifecycle Events, complex restructures
IT Literate
Strong knowledge of Geneva for the product set in scope
Strong verbal and written communication skills
Strong analytical skills
Degree in Accounting or Finance or Business-related area (minimum 2.2 honors degree)
A minimum of 2+ years’ experience at management level.

Nice To Haves

ACCA/CIMA/ACA/CPA qualified, or part qualified an advantage.

Responsibilities

Deliver high quality service delivery to clients across all Regions/Service functions, working closely with Senior management in your department & other client Service Teams
Manage internal workflow and client deadlines.
Assist Senior mgmt in the implementation of a new Global Operating Model within the product line of Private Credit.
Manage and develop relationships with clients, Vendors and internal development teams.
Ensure the team are meeting deadlines and delivering on processes daily.
Consistent and active awareness of the client’s needs. Proactively escalating and working with management on sourcing ways to improve and promote quality. Displays a commitment to excellence. Ability to manage client’s expectations.
Development and upholding of company policies and procedures.
Communication with other areas of the business at a high level – NAV, QA, Development, etc.
Create and Maintain cash and Position reconciliations, delivering complete recon to the internal Fund accounting teams and clients where necessary.
Create efficiencies through technological enhancements and development.
Review and/or preparation of various client related correspondence.
Participate in adhoc projects based on client needs or internal process changes.
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.

Benefits

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)
eligibility for certain tax advantaged savings plans
inclusive development opportunities
flexible work-life support
paid volunteer days
vibrant employee networks