State Street
Operations Client Service, Assistant Vice President
State Street, Sacramento, California, United States, 95828
Operations Client Service, Assistant Vice President
State Street
Who We Are Looking For Candidate must have a good accounting knowledge of alternative investments. We are looking for someone that can interact at various levels of management at very large clients where they can communicate answers back to their questions. They should be able to manage the day‑to‑day operations of a team of 5-10 staff members, be organized, multitask, and think independently. The AVP would be responsible for maintaining direct client relationships and 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 plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting‑edge solutions that are straightforward and scalable. You will help us build resilience and execute day‑to‑day deliverables at our best.
What You Will Be Responsible For
Supervise all junior and senior level staff analysts
Manage client relationships with both client personnel and fund investors
Review quarterly and annual financial work paper packages including portfolio schedules, accruals and partnership capital allocations
Review quarterly and annual financial statements and footnotes
Review and/or preparation of capital calls and distributions, including notices and release merged documents
Review quarterly management fee calculations
Review and/or preparation of various client related correspondence
Work with internal teams regarding client deliverables such as financial statements, capital calls and distribution notices
Heavy client interaction on a daily basis
Coordination of annual audit and tax return preparation with Big 4 accounting firms
Review and/or preparation of waterfall and capital account allocations
Understand how to navigate through limited partnership agreement
Maintain working relationship with all client contacts, including investment professionals, investors, auditors, lawyers and banking personnel
Ensure compliance with investment fund legal documents, i.e. partnership agreement
Assist accounting managers to ensure compliance with investment fund agreements and other legal documents
Special client projects
Manage internal workflow and client deadlines
What We Value
Strong critical thinking, problem solving, and decision making skills
Good organizational skills
Good communication skills
Education & Preferred Qualifications
5-7 Years of Accounting experience
5-7 Years of Alternative Investment experience
5-7 Years of Managing a team
Microsoft Office and Excel knowledge
Salary Range $90,000 - $157,500 Annual
Benefits Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: a 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); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
About State Street Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work‑life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
Equal Opportunity Employer As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Job Application Disclosure It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
Job ID R-781683
#J-18808-Ljbffr
Who We Are Looking For Candidate must have a good accounting knowledge of alternative investments. We are looking for someone that can interact at various levels of management at very large clients where they can communicate answers back to their questions. They should be able to manage the day‑to‑day operations of a team of 5-10 staff members, be organized, multitask, and think independently. The AVP would be responsible for maintaining direct client relationships and 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 plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting‑edge solutions that are straightforward and scalable. You will help us build resilience and execute day‑to‑day deliverables at our best.
What You Will Be Responsible For
Supervise all junior and senior level staff analysts
Manage client relationships with both client personnel and fund investors
Review quarterly and annual financial work paper packages including portfolio schedules, accruals and partnership capital allocations
Review quarterly and annual financial statements and footnotes
Review and/or preparation of capital calls and distributions, including notices and release merged documents
Review quarterly management fee calculations
Review and/or preparation of various client related correspondence
Work with internal teams regarding client deliverables such as financial statements, capital calls and distribution notices
Heavy client interaction on a daily basis
Coordination of annual audit and tax return preparation with Big 4 accounting firms
Review and/or preparation of waterfall and capital account allocations
Understand how to navigate through limited partnership agreement
Maintain working relationship with all client contacts, including investment professionals, investors, auditors, lawyers and banking personnel
Ensure compliance with investment fund legal documents, i.e. partnership agreement
Assist accounting managers to ensure compliance with investment fund agreements and other legal documents
Special client projects
Manage internal workflow and client deadlines
What We Value
Strong critical thinking, problem solving, and decision making skills
Good organizational skills
Good communication skills
Education & Preferred Qualifications
5-7 Years of Accounting experience
5-7 Years of Alternative Investment experience
5-7 Years of Managing a team
Microsoft Office and Excel knowledge
Salary Range $90,000 - $157,500 Annual
Benefits Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: a 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); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
About State Street Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work‑life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
Equal Opportunity Employer As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Job Application Disclosure It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
Job ID R-781683
#J-18808-Ljbffr