Job Description AIS PE Fund Services Manager AVP
This managerial position is within the Private Equity Fund Administration Services Business Unit of the State Street Alternative Investment Services Group.The Assistant Vice President - Private Equity Analystinteracts with all levels of professionals both internally and externally.Therefore, exceptional communication and interpersonal skills are essential.The Private Equity Fund Services group is a growing, dynamic business unit within the Alternative Investment division. Candidates must demonstrate strong technical investment accounting knowledge, initiative, be able to perform well under pressure and simultaneously direct multiple tasks.The position is responsible for maintaining direct client relationships and the day-to-day accounting and administration for several client sponsored investment funds.
Responsibilities:
Supervise all subordinate staff (including Associate 1, Associate 2, Officer, Senior Assoc. and/or Senior Staff).
Manage internal workflow and client deadlines.
Manage client relationships with both client personnel and fund investors.
Review quarterly and annual financial work paper packages including portfolio schedules, accruals and partner capital allocations.
Review and/or preparation of annual tax work paper packages.
Review and/or preparation of capital calls and distributions, including notices and release merged documents.
Review periodic bank and cash reconciliations and post journal entries.
Review quarterly management fee calculations.
Review and/or preparation of various client related correspondence.
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.
Work with database team regarding client deliverables such as financial statements, capital calls and distribution notices.
Heavy client interaction on a daily basis.
Coordination of annual audit and tax return preparation with external accounting firms.
Review and/or prepare waterfall and capital account allocations.
Understand how to navigate through limited partnership agreement.
Review and/or prepare estimated tax workpapers.
Approve all transactions (money movement, trades, etc.) in accordance with established guidelines
Maintain working relationship with all client contacts, including investment professionals, investors, auditors, lawyers, and banking personnel.
Assist all staff in ensuring compliance with investment fund agreements and other legal documents.
Meet all requirements for performance planning process including goal setting, regular and immediate feedback and submission of formalized performance appraisals.
Participate in special client or internal projects as required.
Qualifications:
Candidates must have an a college degree (business, mathematics, finance or economics preferred, accounting concentration a plus) and at least 7 years of accounting experience, including 3 to 4 years of supervisory experience.
Specific experience in the private equity industry is a plus.
CPA is a plus, but not required.
Experience with Investran or other partnership accounting applications is a plus.
Experience with portfolio accounting systems is a plus.
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, were making our mark on the financial services industry. For more than two centuries, weve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. Youll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
