Fund Accounting & Administration, MD

Senior level management role within State Street’s Alternative Investments Private Market Services Business Unit. 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.

• Develop and execute overall business plans both internally and in partnership with clients.
• Manage relationships with key client contacts to ensure continued confidence in State Street and meet client satisfaction expectations regarding the level of service delivered.
• Responsible for all daily, weekly, monthly, and quarterly deliverables for the assigned client base.
• Coordinate monthly and quarterly production calendars with clients and internal support areas, including but not limited to Financial Reporting, Compliance, and Tax.
• Ensure processes and procedures are adequate to meet quality standards, are consistently applied, and are regularly reviewed.
• Identify and act on high-risk processes; maintain current knowledge of procedures, controls, and high-risk areas to prevent financial loss.
• Direct and train subordinate managers and staff.
• Address employee concerns and sensitivities.
• Meet all requirements for the performance-planning process, including goal setting, regular and immediate feedback, and submission of formalized performance appraisals.
• Support and effectively communicate broad overall company initiatives and goals to managers and staff within the span of control.
• Participate in department budget and staffing projections.
• Complete staffing proposals for newly awarded business.
• Assess operational effectiveness and make suggestions to transform how services are delivered 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.

• College degree (accounting strongly preferred; business, mathematics, finance, or economics degree required).
• 10 or more years of previous accounting and/or financial service operations experience.
• Solid business-unit management experience on complex clients requiring a high level of client interaction.
• MBA and/or CPA are a plus.
• Knowledge of private credit fund structures, designs & hierarchies, standalone funds, master-feeder funds, and the role of each entity in the fund structure.
• Experience with private-credit accounting and allocation technology, such as Investran, and waterfall compensation methods and calculations.
• Familiarity with private-credit fund services quarterly deliverables such as Consolidations, PCAPs, Unfunded Statements, ILPAs, etc.
• Knowledge of upstream and downstream technology solutions that drive higher automation levels in servicing private-markets structures (plus).
• Familiarity with other alternative investment structures (plus).
• Highly technical fund accounting skills, diligence in partnership and portfolio management, and exceptional problem-solving and analytical skills.
• Ability to lead within their team and among peers.
• Strong communication, interpersonal, and organizational skills, including excellent time-management and prioritization skills.
• Ability to communicate with various internal teams to resolve inquiries and determine escalation criteria.
• Initiative, the ability to perform well under pressure, and the capacity to handle multiple assignments efficiently while meeting client deliverables.

• Retirement savings plan (401(k)) with company match.
• Insurance coverage: basic life, medical, dental, vision, long-term disability, and additional optional coverages.
• Paid-time off: vacation, sick leave, short-term disability, and family-care responsibilities.
• Access to Employee Assistance Program.
• Incentive…