Fund Accounting and Administration - Managing Director

Position Overview 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. Responsibilities 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. Identify and act on high risk processes; must be active and current on all procedures, controls and high‑risk areas to prevent financial loss. 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. Participate in 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. Desired Skills and Values Strong problem solving and analytical skills. Ability to be a leader within their team, as well as a leader among peers. Strong communication, interpersonal, and organizational skills, including excellent time management and prioritization skills. Ability to communicate with various internal teams to resolve inquiries and understand when to escalated. Initiative, ability to perform well under pressure, and simultaneously handle multiple assignments and work efficiently to meet client deliverables. Education & Preferred Qualifications 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. Additional Requirements Knowledge of Private Equity Fund structures, designs & hierarchies, standalone funds, master‑feeder funds, and the role of each entity in the fund structure. Knowledge of/experience with private equity accounting and allocation technology such as Investran, and waterfall compensation methods and calculations. Familiarity with Private Equity Fund Services quarterly deliverables such as Consolidations, PCAPs, Unfunded Statements, ILPAs, etc. Knowledge of upstream and downstream technology solutions to drive more automation levels in servicing private markets structures is a plus. Familiarity with other alternative investment structures is a plus. Salary Salary Range: $160,000 - $250,000 Annual. The range quoted above applies to the role in the location specified. If the candidate would ultimately work outside of the location above, the applicable range could differ. Benefits Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: 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); and, eligibility for certain tax advantaged savings plans. For a full overview, visit About State Street Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. Equal Opportunity Employer We consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law. 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. #J-18808-Ljbffr