Alternative Ops Fund Accounting, Senior Associate

About the role

Fund Administration, Senior Associates interact with all levels of professionals both internally and externally. Therefore, exceptional interpersonal and communication skills are required. Candidates must demonstrate initiative, be able to perform well under pressure and simultaneously handle multiple assignments.

Responsibilities

• Validate and review all daily activity while maintaining all required controls
• Calculate and process fund activities, e.g. support the production of NAV, SEC yields, distributions, corporate actions, etc. and prepare proofs as needed
• Support the review and validation of data as needed, e.g. fund NAV, and distribute information to Shared Services and Client Operations teams
• Research and resolve exceptions and issues
• Receive and resolve inquiries in a timely and accurate manner and communicate effectively with client when necessary
• Define and ensure successful completion of ad-hoc requests
• Escalate unresolved issues to management as required
• Reconcile and resolve discrepancies with other teams as needed
• Ensure appropriate records of daily and monthly activities are kept
• Perform daily or weekly reporting functions for the team’s activities
• Adequately adhere to Standard Operating Procedures
• Keep up to date on broader internal/external business issues; apply knowledge across team
• Aid management in the implementation of new policies and procedures, participate in projects
• Aid with workflow management and technology enhancements, make suggestions to streamline operations
• Maintain knowledge of current alternative procedures and processes
• Assist with training of new hires as necessary
• During the course of normal day to day operations, identify 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
• Perform duties of Associates and provide back-up management support if required
• Perform other duties as assigned

Qualifications

• Bachelor’s degree in Accounting or Finance
• Minimum 3 years of experience in the financial services industry, preferably within a hedge fund accounting role
• Complex allocation knowledge required
• Advent Geneva experience required
• Must demonstrate an understanding of fund level profit & loss characteristics and its implications on investor allocations for various complex fund structures
• Proficiency in Microsoft Outlook & Excel in required
• Strong interpersonal skills, highly effective communication and organization skills
• Ability to thrive and function in a deadline driven environment
• Ability to understand and troubleshoot complex fund accounting problems and use analytical skills to resolve issues in a timely manner

Skills

• Exceptional interpersonal and communication skills
• Demonstrate initiative
• Perform well under pressure
• Simultaneously handle multiple assignments

Benefits

The salary range for this position is $52,000 - $94,120 annually. Employees are eligible to participate in State Street's comprehensive benefits program, which includes:

• Our 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)
• Eligibility for certain tax advantaged savings plans

Pay

$52,000 - $94,120 Annual

Schedule

N/A

Benefits

N/A

Pay

N/A

Company

State Street