What are the responsibilities and job description for the Hedge Fund Accounting and Administration, Assistant Vice President position at State Street?
Who We Are Looking For
This managerial position is within the Hedge US Business Unit of the State Street Alternative Investment Services Group. Assistant Vice President – Hedge Fund Accounting role interacts with all levels of professionals both internally and externally. Therefore, exceptional communication and interpersonal skills are essential. The Hedge 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, the day-to-day accounting, and managing reporting requirements for the client and business unit.
Why this role is important to us
Alternative Investment Solutions is a recognized industry-leading provider of fund accounting, fund administration and risk services to hedge funds and private equity funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements of institutional investors.
Join us if making your mark in the alternative investment industry from day one is a challenge you are up for.
What You Will Be Responsible For
As a Hedge Fund Accounting & Administration, Assistant Vice President you will:
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 we’re making our mark on the financial services industry. For more than two centuries, we’ve 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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program 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 perspective 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 the 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 program 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.
Salary Range
$80,000 - $132,500 Annual
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.
Job Application Disclosure
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
State Street's Speak Up Line
Job ID: R-766465
This managerial position is within the Hedge US Business Unit of the State Street Alternative Investment Services Group. Assistant Vice President – Hedge Fund Accounting role interacts with all levels of professionals both internally and externally. Therefore, exceptional communication and interpersonal skills are essential. The Hedge 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, the day-to-day accounting, and managing reporting requirements for the client and business unit.
Why this role is important to us
Alternative Investment Solutions is a recognized industry-leading provider of fund accounting, fund administration and risk services to hedge funds and private equity funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements of institutional investors.
Join us if making your mark in the alternative investment industry from day one is a challenge you are up for.
What You Will Be Responsible For
As a Hedge Fund Accounting & Administration, Assistant Vice President you will:
- 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 daily, monthly and quarterly reporting for accuracy.
- Review periodic bank and cash reconciliations and post journal entries.
- Review NAV packages and Profit and Loss reconciliations.
- 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.
- Candidates must have a college degree (business, mathematics, finance or economics preferred, accounting concentration a plus) and at least 5 years of accounting experience, including 2 to 3 years of supervisory experience.
- Specific experience in the Hedge or alternatives industry is a plus
- Experience with Geneva accounting and/or prior audits is a plus.
- Must be able to work west-coast business hours
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 we’re making our mark on the financial services industry. For more than two centuries, we’ve 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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program 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 perspective 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 the 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 program 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.
Salary Range
$80,000 - $132,500 Annual
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.
Job Application Disclosure
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
State Street's Speak Up Line
Job ID: R-766465
Salary : $80,000 - $132,500
