Operations Client Service, Assistant Vice President

State Street • Boston, MA

10h

About The Position

Who we are looking for The Assistant Vice President (AVP) oversees the management of teams that provide performance reporting, data collection, and data validation services to clients on the Private Market team with the Asset Owner group. The AVP acts as the primary escalation point for our clients, who are some of the largest institutional investors in Alternative Investments in the world. They will lead efforts on new client conversions, systems updates, and special projects, as well as providing direct oversight and mentorship to the Officers on the team. The AVP will also work closely with our clients to provide data support and reporting solutions, participate in client RFP discussions, and lead client training sessions, as needed Alternative Investment Solutions State Street’s Alternative Investment Solutions group provides a complete suite of services to more than 750 clients, including institutional investors, hedge fund managers, private equity fund managers and real estate fund managers. We offer deep, product-specific expertise in alternative investments and flexible, innovative alternative investment solutions, including fund accounting, fund administration, corporate administration, risk and credit services. Asset Owner – Private Markets The Private Market team is focused on providing administrative and analytical solutions to institutional investors in Private Equity and Real Estate. Our team tracks all communications from our clients’ General Partners, processes all cash movements, updates investment valuations, captures underlying portfolio company and property details, and provides online tools for performance and exposure reporting. Why this role is important to us The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

Requirements

• BA/BS in finance, accounting, or a related discipline
• 8-10 years of experience working in Alternative Investments required
• Proven expertise in performance measurement and accounting for Alternative Investments
• Excellent organizational, interpersonal and service-oriented skills required
• Proven ability to lead a team of managers and associates working on a wide array of responsibilities
• Ability to work in various wed-based applications and MS Office tools
• Strong analytical skills, detail oriented, work independently and collaboratively
• Strong verbal and written communications skills and have the ability to handle multiple priorities

Nice To Haves

• MBA, CFA, or CPA is a plus

Responsibilities

• Ensure their teams are delivering timely and accurate data updates and reports to our clients and their constituents
• Work closely with clients to provide reporting solutions via online training, as needed
• Provide direct oversight and mentorship to Officers on the team
• Ensure that all team members are following Standard Operating Procedures, and that quality control checks are in place for all client deliverables
• Provide secondary review of scheduled and ad-hoc investment performance and underlying company exposure reporting prepared by Officers and Associates, as needed
• Work with senior managers to assist with new client conversions, RFP responses, development and rollout of system enhancements, and special projects as needed

Benefits

• Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our 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); and, eligibility for certain tax advantaged savings plans.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level