Alternative Investment Solutions Loans Unit, Senior Associate

State Street • Quincy, MA

13d

About The Position

The role of Alternative Investment Solutions Loans Unit (ALU) in the organization is to handle critical and time sensitive controls, executions, and decisions within investment operations. The team is responsible for the Investment book of records, trade execution, settlements, lifecycle events, corporate action processing, cash and position reconciliation. Many teams have direct contact with clients and act on their behalf while interacting with internal and external parties. The Successful candidate will be responsible for managing day to day delivery of services to several large fund managers. Position includes significant managerial responsibilities, oversight as well as some hands-on delivery of services. This managerial position is within the Private Markets Fund Administration Department of State Street Alternative Investment Services Group. The SA interacts with all levels of professionals both internally and externally. Therefore, exceptional communication and interpersonal skills are essential. 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, be able to perform well under pressure and simultaneously direct multiple tasks. The position is responsible for maintaining components of the client relationships and the day-to-day servicing and administration for several client sponsored investment funds. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

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 4+ years’ experience at Associate 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
• Manage internal workflow and client deadlines, Trade capture, Document ingestion, lifecycle management, Reconciliations, Cash sheet maintenance.
• Assist management in the implementation of a new Global Operating Model within the product line of Private Credit.
• Relationship Building – Engage and develop relationships with clients, Vendors and internal development teams.
• Time management – Ensure the team are meeting deadlines and delivering on processes daily.
• Client focus – 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.
• Policies and Procedures – 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.
• Work with management to 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

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees