Managing Director leading development and execution of business plans for Private Markets at State Street. Responsible for client relationships, deliverables, and operational effectiveness.
Responsibilities
responsible for 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 client satisfaction expectations
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 Financial Reporting, Compliance and Tax
ensure process and procedures are adequate to meet quality standards and are consistently applied and regularly reviewed
ability to identify and act on high risk processes; must be active and current on all procedures, controls, and high-risk areas to prevent financial loss
responsible for the direction and training of subordinate managers and staff
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
responsible for developing 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
Requirements
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
knowledge of Private Market Fund structures including closed ended funds, private hybrid funds, business development companies, and registered semi-liquid fund structures
experience with registered and private markets accounting and allocation technology, such as Geneva, Investran, and waterfall compensation methods and calculations
familiarity with Private Markets Fund Services daily, monthly and quarterly deliverables, such as NAV Proofs, Cost and Income Rolls, Consolidations, Partner Capital Statements (PCAPs), Institutional Limited Partners Association (ILPAs), etc.
Benefits
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
Job title
Managing Director, Alternative Operations Fund Accounting
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