State Street US | Private Credit, Fund Accounting & Administration, Assistant Vice President

Responsibilities

• Our Private Credit team delivers customized service solutions for investment funds that have closed end structures and a variety of portfolio investments.
• This opportunity uniquely offers candidates the opportunity to service hybrid hedge and private equity products for industry leading asset managers.
• The PE NAV role is the hub in the delivery of administrative services.
• The team you will be joining is a part of International Fund Services (IFS), acquired by State Street in July 2002.
• Primarily responsible for the allocation of income to investors, determination of management and incentive fees in accordance with the waterfall provisions, and processing capital events such as capital calls and distributions.
• The range quoted above applies to the role in the primary location specified.
• If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
• Manage a growing team of financial services professionals in the production and delivery of accounting and administrative services for one or more alternative investment client relationships.
• Responsible for the portfolio and fund level accounting for numerous funds including the review and approval of monthly or quarterly net asset value reporting.
• Lead the onboarding of existing client funds and the launch of new funds.
• Ensure adherence with internal policies and procedures and compliance with external governing regulations.
• Design and champion technology solutions to address the complex reporting and data requirements of clients.
• Participate in strategic working groups within the organization to improve processes and our operating model.

Education & preferred qualifications

• At least 5 to 6 years of Private Market experience.
• Experience with alternative investment asset classes, complex fund structures and fee calculations desire.
• Highly effective communication and management skills.
• Ability to thrive and function in a high pressure deadline driven environment.
• Experience with Investran or Geneva favorable but not required.
• Strong critical thinking, problem solving, and decision making skills

State Street US

State Street US is an employer hiring in India (sector: BFSI / Investments / Insurance). In its own words: "For us, success comes in the mark we make as an organization– for the industry, our clients, our communities and each other."

Its finance, accounts, audit and tax openings in India are mostly in Boston, Quincy, Clifton and Kansas City.

• Industry: BFSI / Investments / Insurance