Alternative Ops Fund Accounting - Vice President

Who we are looking for

State Street is an industry leader in providing administrative fund services to both Hedge Fund and Private Equity managers within our Alternative Investment Solutions business group. Our PE team delivers customized service solutions for investment funds that have closed end structures and a variety of portfolio investments. This opportunity uniquely offers candidates the opportunity to service hybrid hedge and private equity products for industry leading asset managers. The PE NAV role is the hub in the delivery of administrative services. Employees interact daily with functional teams including; trade operations, investor services, custody, tax, and financial reporting locally and in globally diverse locations.

What you will be responsible for

Supervisory

Account for the day-to-day management of a functional/oversight team(s) and manage daily service delivery and production activities performed by staff. Work in conjunction with individuals on the team as well as onshore team servicing the client., client Operations and other business units to ensure seamless processing according to the fund’s policies, to ensure investment processing SLAs are met. As well as, Work collaboratively with teams and management across the organization on various projects, oversight, committees, KPIs, etc.

Managerial Responsibilities

Lead accounting function, manage client experience and operational delivery. The role is based in India and responsible for implementing strategy and managing delivery.

• Manage a growing team of financial services professionals in the preparation of Financial Reports which includes Statement of Assets and Liabilities, Statement of operations, Statement of Changes in Equity, Statement of Cash Flows, Schedule of Investments for Private Equity and Hedge Funds.
• Primarily responsible to deliver Financial Reports, financial highlights and others notes for private equity funds
• Ensure timeliness and accuracy across business
• Act as command and control across Team to drive operational effectiveness, establishing a core competency for conversions across sectors and regions
• Working with the COO and Executive team to explore, create, direct, manage and achieve agreed business objectives, including driving revenue and profit growth
• Actively manage executive global stakeholders across Global HUBS, Global Delivery and Global Services
• Drive innovation, transformation and productivity, not only in India but globally across the delivery organization
• Develop and lead a large team, fostering high performance and creating a destination for top talent
• Identify and implement consistent operational best practices.
• Coordinate the implementation of new funds, systems and processes as well as assists with client conversions and other client projects.
• Serve on committees and help define and implement new company initiatives.
• Recruit, hire, train, motivate, and develop staff to realize their full
• Display a culture of individual ownership of tasks to embed a clear individual sense of accountability in performing the role
• Ensure that the highest level of the Code of Conduct is displayed in your behavior
• Provide appropriate management information as required to support business unit decision making
• Support the ‘Risk Excellence’ culture within the business
• Adhere to limits of delegation and escalation procedures required by your manager so that you comply with internal policies and external regulation

Level of Education/ Specific Qualifications

• Bachelor’s Degree in Commerce / Economics with a specialization in Business, Accounting, Finance or equivalent experience preferred

Skills and Experience

This is a key position and requires senior leadership and advanced skills-

• Overall, 20 years or relevant experience, part of which must have been in a management or supervisory capacity
• Proficient in the working knowledge of Equity and Fixed Income Securities and derivative products
• Understanding of operational functions within custody and / or Fund Accounting. Ability to provide technical expertise to resolve daily problems
• Should have worked directly with clients and counterparties in a global context
• Should have led operations at a global level, across countries & regions
• Should have experience of end-to-end ownership of operations, with direct accountability on business, client and risk metrics (including losses)
• Demonstrated leadership beyond operations, working with Risk, Technology, Automation and Change groups to drive BAU and transformation
• Experience in global locations is desired
• Proven leadership skills as well as managing and developing a high performing operations team
• Proven track record of achieving/exceeding financial goals through expense discipline and headcount management, experience on investment decisions is desired
• Proven ability to generate innovation ideas, manage project pipeline and ultimately transform businesses
• Demonstrated ability to manage, coach and influence colleagues and virtual team members 
• Ability to work within a collaborative environment to achieve results
• Should be open to work in North American shift hours as needed by the business

Required Competencies

Client Focus & Consultation - Provide excellent service and build strategic client partnerships based on knowledge of their needs and by exceeding mutual expectations

Manage Execution & Effective Communication - Deliver flawless execution of work products through effective plans, clear priorities and developed process management methods to ensure all resources function at optimal levels

Leverage Talent Globally - Actively commit to developing yourself and others to drive the competitive advantage achieved through a diverse, engaged and mobile workforce while understanding different perspectives and cultures to align management practices to fulfill business strategy

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.

Discover more at StateStreet.com/careers

State Street's Speak Up Line