State Street

Managing Director, Alternative Operations Fund Accounting

State Street

full-time

Posted on:

Location Type: Office

Location: Quincy • Massachusetts • United States

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Salary

💰 $170,000 - $267,500 per year

Job Level

Lead

About the role

  • 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 client satisfaction expectations
  • 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 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
  • 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

Requirements

  • college degree (accounting degree 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 Market Fund structures including closed ended funds, private hybrid funds, business development companies, and registered semi-liquid fund structures
  • experience with registered and private markets accounting and allocation technology, such as Geneva, Investran, and waterfall compensation methods and calculations
  • familiarity with Private Markets Fund Services daily, monthly and quarterly deliverables, such as NAV Proofs, Cost and Income Rolls, Consolidations, Partner Capital Statements (PCAPs), Institutional Limited Partners Association (ILPAs), etc.
Benefits
  • 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)
  • eligibility for certain tax advantaged savings plans
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
accountingfinancial service operationsbusiness unit managementbudget developmentoperational effectiveness assessmentnew product developmentstaffing proposalsperformance planningrisk process identificationclient deliverables management
Soft Skills
relationship managementcommunicationleadershiptraininggoal settingfeedback provisionclient satisfaction managementproject managementteam collaborationstrategic thinking
Certifications
MBACPA