Alternative Ops Fund Accounting, AVP

Who we are looking for

The incumbent will lead a team of professionals and be responsible for the development and growth of the client services team within the private equity fund services business of State Street Alternative segment, based in Singapore.

The candidate must demonstrate initiative, be able to perform well under pressure, and simultaneously handle multiple assignments. The candidate is responsible for directing the day-to-day accounting and administration for several client-sponsored investment funds.

Why this role is important to us

The team you will be joining is a part of International Fund Services (IFS), acquired by State Street in July 2002. IFS, also known as 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 Fund Accounting and Administration (Private Equity Funds), Assistant Vice President, you will:

• Manage and supervise a team of professionals to review a spectrum of reports and deliverables for private equity clients and to manage and maintain multiple client relationships.
• Maintain goals and career development plans for direct reports and meet all requirements for the performance planning process (including goal setting, regular and immediate feedback, and submission of formalized performance appraisals).
• Provide technical guidance and mentorship to all staff levels.
• Demonstrate strong knowledge of accounting, with a focus on the private equity/alternative segment.
• Manage client expectations and participate in discussions with both existing clients and prospects.
• Manage and monitor the work quality of deliverables from centers of excellence.
• During the course of normal day-to-day operations, be 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 various internal service teams regarding client deliverables such as financial statements, capital calls, and distribution notices.
• Coordinate annual audit and tax return preparation with external accounting firms.
• Prepare and maintain robust operations processes and control procedures.
• Review and revamp operations processes and controls for efficiency.
• Review fund governing agreements and offering memorandums and ensure compliance with operational and accounting procedures.
• Maintain working relationships with all client contacts, including investment professionals, investors, auditors, lawyers, and banking personnel.
• Participate in special client or internal projects as required.
• Support regional and global initiatives.

What we value

• Candidate must have a college degree (business, mathematics, finance, or economics preferred; accounting concentration a plus).
• More than 7 years of accounting experience, including 2 to 3 years of supervisory and financial reporting experience, is required.
• Specific experience in the private equity/fund of funds is a must.
• Strong interpersonal skills, positive, can-do attitude, and meticulous attention to detail are essential.
• Proficiency in Microsoft Office, particularly advanced MS Excel skills.

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, 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 by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. 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