Fund Accounting & Administration, Vice President

State Street Corporation
Singapore, Singapore
28 Nov 2021
30 Nov 2021
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Who we are looking for
The AOPM group assists institutional investors in managing the administrative aspects of investing in Alternative Investments, while also providing investors with the decision support tools and information they need to help find the alpha they are seeking from their managers. The Private Markets service is built on a set of integrated, proprietary technologies, which allows us to process information from investor's financial statements in a quick and efficient manner, and a dedicated client service team who is experienced in working with Alternative Investments and focused on delivering timely and accurate information.

The Vice President oversees the management of teams that provide performance reporting, data collection, and data validation services to clients. The VP acts as the secondary escalation point for our clients, who are some of the largest institutional investors in Alternative Investments in the world. They will lead efforts on new client conversions, systems updates, and special projects, as well as providing direct oversight and mentorship to the Assistant Vice Presidents (AVP) and Officers on the team. The VP will also work closely with our clients to provide data support and reporting solutions, participate in client RFP discussions, and lead client training sessions, as needed

The Vice President will be responsible for helping to drive on the design, implementation, and execution of the strategic vision of the Private Markets team in State Street's Asset Owners group (formerly known as Institutional Investor Services)

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 Fund Accounting and Administration, Vice president you will
  • Ensure their teams are delivering timely and accurate data updates and reports to our clients and their constituents
  • Work closely with clients to provide reporting solutions via online training, as needed
  • Provide direct oversight and mentorship to AVPs and Officers on the team
  • Ensure that all team members are following Standard Operating Procedures, and that quality control checks are in place for all client deliverables
  • Support AVPs in their secondary review of scheduled and ad-hoc investment performance and underlying company exposure reporting prepared by Officers and Associates, as needed
  • Refine and optimize the AOPM operating model to ensure that resources are being properly deployed by collaborating with our partners in IT and in our global operations hubs in China, India, and Singapore
  • Assist State Street Client Service teams in negotiations with clients to establish service levels and set delivery expectations when implementing new solutions
  • Work with our IT partners to ensure support for development, implementation, and maintenance of new technology solutions for AOPM clients and the AOPM team
  • Support business growth initiatives by preparing RFP responses, participating in prospective client presentations, and reviewing upsell opportunities with the Client Service team
  • Manage and help drive implementation efforts for special projects, as needed
  • Perform oversight of teams in India and China.

What we value
These skills will help you succeed in this role
  • Ability to work in various wed-based applications and MS Office tools
  • Strong analytical skills, detail oriented, work independently and collaboratively
  • Strong verbal and written communications skills and have the ability to handle multiple priorities

Education & Preferred Qualifications
  • BA/BS in finance, accounting, or a related discipline - MBA, CFA, or CPA is a plus
  • 10+ years of experience working in Alternative Investments.
  • Proven expertise in performance measurement and accounting for Alternative Investments
  • Excellent organizational, interpersonal and service-oriented skills required
  • Proven ability to lead a team of managers and associates working on a wide array of responsibilities

Asset Owner - Private Markets
The Private Market team is focused on providing administrative and analytical solutions to institutional investors in Private Equity and Real Estate. Our team tracks all communications from our clients' General Partners, processes all cash movements, updates investment valuations, captures underlying portfolio company and property details, and provides online tools for performance and exposure reporting.

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. 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.
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