Private Credit Fund Accounting & Administration, Senior Vice President

State Street Corporation • Boston, MA

133d • $225,000 - $337,500

About The Position

Senior level management role within State Street's Alternative Investment Solutions (AIS) Business Unit with a focus on Private Credit, the fastest growing sub-segment of the Private Markets industry in recent years. This role requires senior level executive interaction within State Street and with State Street's largest and most strategic clients, therefore, exceptional interpersonal and communication skills are required. Candidates must demonstrate strong initiative, be able to perform well under pressure and be capable of managing multiple, diverse assignments.

Requirements

• Candidates must hold a college degree (accounting degree strongly preferred; business, mathematics, finance or economics degree required).
• 15 or more years of previous accounting and/or financial service operations experience.
• Candidates must possess solid business unit management experience on complex clients requiring a high level of client interaction.

Nice To Haves

• MBA and/or CPA are a plus.
• Knowledge of Private Credit Fund structures (traditional closed ended funds, private hybrid funds, SMA's, and registered semi-liquid fund structures), designs & hierarchies, standalone funds, master-feeder funds, and the role of each entity in the fund structure.
• Knowledge of / experience with private credit accounting and allocation technology, such as Investran, Geneva and waterfall compensation methods and calculations.
• Familiarity with Private Credit Fund Services quarterly deliverables, such as Consolidations, Partner Capital Statements (PCAPs), Cost and Income Rolls, Institutional Limited Partners Association (ILPAs), etc.
• Knowledge of upstream and downstream technology solutions to drive more automation levels in servicing private markets structures is a plus.
• Familiarity with other alternative investment structures (BDC's, Interval Funds, ELTIF's, etc.) is a plus.

Responsibilities

• Be responsible for development and execution of overall business plans both internally and in partnership with all Private Credit clients.
• Manage relationships with Private Credit client contacts to ensure continued confidence in State Street and ensure client satisfaction expectations are met relative to the level of service delivered.
• Responsible for overseeing Fund Accounting team deliverables for our Private Credit client base.
• Ensure process and procedures are adequate to meet quality standards and are consistently applied and regularly reviewed.
• Ability to identify and act on high risk processes; must be active and current on all procedures, controls and high-risk areas to prevent financial loss.
• Responsible for the direction and training of subordinate managers and staff.
• Address employee concerns and demonstrate sensitivity.
• Meet all requirements for the performance planning process including goal setting, regular and immediate feedback and submission of formalized performance appraisals.
• Provide support for and effectively communicate broad overall company initiatives and goals to managers and staff within span of control.
• Responsible for developing department budget and staffing projections.
• Complete staffing proposals for newly awarded business.
• Assess operational effectiveness and make suggestions to transform how we operate and deliver services to clients.
• Develop ideas for new products and services to expand business opportunities and better meet client needs.
• Participate in new business generation process including review of proposals, prospect presentations, staffing allocations, etc.
• Represent the organization internally and externally as a senior level manager of State Street.
• Spearhead special projects and serve on committees and task force assignments.

Benefits

• Generous medical care, insurance and savings plans.
• Flexible Work Programs.
• Development programs and educational support.
• Paid volunteer days.
• Matching gift programs.
• Access to employee networks.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree