Private Credit Fund Accounting & Administration, Managing Director

Who we are looking for 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.

What you will be responsible forAs a Private Credit Managing Director, you will:

Be responsible for development and execution of overall business plans both internally and in partnership with clients.

Manage relationships with key 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 all daily, weekly, monthly and quarterly deliverables for 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 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 sensitivities.

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.

What we value

These skills will help you succeed in this role Strong problem solving and analytical skills

An ability to be a leader within their team, as well as be a leader amongst your peers

Strong communication, interpersonal, and organizational skills, which includes excellent time management and prioritization skills

Ability to communicate with various internal teams to resolve inquiries and understanding when to escalate

Candidates must demonstrate initiative, be able to perform well under pressure, and simultaneously handle multiple assignments and to work efficiently to meet client deliverables

Education &

Preferred Qualifications Candidates must have a college degree (accounting degree strongly preferred; business, mathematics, finance or economics degree required) and 10 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.  MBA and/or CPA are a plus.

Additional Requirements Knowledge of Private Credit 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…