Operations Client Service, Assistant Vice President

State Street•Sacramento, CA

7d•$90,000 - $157,500

About The Position

Candidate must have a good accounting knowledge of alternative investments. We are looking for someone that can interact at various levels of management at very large clients where they are able to communicate answers back to their questions. We are looking for someone that can manage the day to day operations of a team of 5-10 staff members. We are looking for a candidate that is organized and multitask and be able to think independently. Alterative Investment AVP would be responsible for maintaining direct client relationships and 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 plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

Requirements

Strong critical thinking, problem solving, and decision making skills
Good organizational skills
Good communication skills
5-7 Years of Accounting experience
5-7 Yeas of Alternative Investment experience
5-7 Years of Managing a team
MCH and Excel knowledge

Responsibilities

Supervise all junior and senior level staff analysts
Manage client relationships with both client personnel and fund investors
Review quarterly and annual financial work paper packages including portfolio schedules, accruals and partnership capital allocations
Review quarterly and annual financial statements and footnotes
Review and/or preparation of capital calls and distributions, including notices and release merged documents
Review quarterly management fee calculations
Review and/or preparation of various client related correspondence
Work with internal teams regarding client deliverables such as financial statements, capital calls and distribution notices
Heavy client interaction on a daily basis
Coordination of annual audit and tax return preparation with Big 4 accounting firms
Review and/or preparation of waterfall and capital account allocations
Understand how to navigate through limited partnership agreement
Maintain working relationship with all client contacts, including investment professionals, investors, auditors, lawyers and banking personnel
Ensure compliance with investment fund legal documents, i.e. partnership agreement
Assist accounting managers to ensure compliance with investment fund agreements and other legal documents
Special client projects
Manage internal workflow and client deadlines

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.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

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