State Street
Alternative Investment Solutions Loans Unit, Assistant Vice President
State Street, Boston, Massachusetts, us, 02298
Alternative Investment Solutions Loans Unit, Assistant Vice President
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Alternative Investment Solutions Loans Unit, Assistant Vice President
role at
State Street
The role of Alternative Investment Solutions Loans Unit (ALU) in the organization is to handle critical and time sensitive controls, executions, and decisions within investment operations. The team is responsible for the investment book of records, trade execution, settlements, lifecycle events, corporate action processing, cash and position reconciliation. The successful candidate will manage day-to-day delivery of services to several large fund managers and will have significant managerial responsibilities.
What You Will Be Responsible For
Manage a consistent high quality service delivery to clients across all regions and service functions, working closely with the client executive and client service teams.
Manage internal workflow and client deadlines.
Assist senior management in the implementation of a new global operating model within the product line of private credit.
Build and develop relationships with clients, vendors, and internal development teams.
Encourage team resources to create efficiencies, recognizing talent and ensuring training needs are addressed.
Proactively source ways to improve and promote quality, demonstrating a commitment to excellence and managing client expectations.
Develop and uphold company policies and procedures.
Communicate with other areas of the business at a high level – NAV, QA, development, etc.
Create and maintain cash and position reconciliations, delivering complete reconciliations to internal fund accounting teams and clients where necessary.
Create efficiencies through technological enhancements and development.
Review and prepare various client related correspondence.
Lead ad hoc projects based on client needs or internal process changes.
Identify any unusual or potentially suspicious transaction activity and report and/or escalates in accordance with corporate policy and guidelines.
What We Value
In-depth knowledge of the operational management of private and syndicated loans, notes, private bonds.
Understanding of trade intake, settlements, lifecycle events, and complex restructures.
IT literate.
Strong knowledge of Geneva for the product set in scope.
Strong verbal and written communication skills.
Strong analytical skills.
Education & Preferred Qualifications
Degree in accounting, finance, or business-related area (minimum 2.2 honors degree).
ACCA/CIMA/ACA/CPA qualified, or part qualified an advantage.
A minimum of 4+ years’ experience at management level.
Salary Range $60,000 - $101,250 Annual
Benefits Employees are eligible to participate in State Street’s comprehensive benefits program, which includes company retirement savings plan (401 k) with match; insurance coverage including basic life, medical, dental, vision, long‑term disability; paid‑time off including vacation, sick leave, short‑term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including annual performance‑based awards (excluding certain sales roles subject to sales incentive plans); and eligibility for certain tax‑advantaged savings plans.
Equal Opportunity Employer State Street is 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.
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Alternative Investment Solutions Loans Unit, Assistant Vice President
role at
State Street
The role of Alternative Investment Solutions Loans Unit (ALU) in the organization is to handle critical and time sensitive controls, executions, and decisions within investment operations. The team is responsible for the investment book of records, trade execution, settlements, lifecycle events, corporate action processing, cash and position reconciliation. The successful candidate will manage day-to-day delivery of services to several large fund managers and will have significant managerial responsibilities.
What You Will Be Responsible For
Manage a consistent high quality service delivery to clients across all regions and service functions, working closely with the client executive and client service teams.
Manage internal workflow and client deadlines.
Assist senior management in the implementation of a new global operating model within the product line of private credit.
Build and develop relationships with clients, vendors, and internal development teams.
Encourage team resources to create efficiencies, recognizing talent and ensuring training needs are addressed.
Proactively source ways to improve and promote quality, demonstrating a commitment to excellence and managing client expectations.
Develop and uphold company policies and procedures.
Communicate with other areas of the business at a high level – NAV, QA, development, etc.
Create and maintain cash and position reconciliations, delivering complete reconciliations to internal fund accounting teams and clients where necessary.
Create efficiencies through technological enhancements and development.
Review and prepare various client related correspondence.
Lead ad hoc projects based on client needs or internal process changes.
Identify any unusual or potentially suspicious transaction activity and report and/or escalates in accordance with corporate policy and guidelines.
What We Value
In-depth knowledge of the operational management of private and syndicated loans, notes, private bonds.
Understanding of trade intake, settlements, lifecycle events, and complex restructures.
IT literate.
Strong knowledge of Geneva for the product set in scope.
Strong verbal and written communication skills.
Strong analytical skills.
Education & Preferred Qualifications
Degree in accounting, finance, or business-related area (minimum 2.2 honors degree).
ACCA/CIMA/ACA/CPA qualified, or part qualified an advantage.
A minimum of 4+ years’ experience at management level.
Salary Range $60,000 - $101,250 Annual
Benefits Employees are eligible to participate in State Street’s comprehensive benefits program, which includes company retirement savings plan (401 k) with match; insurance coverage including basic life, medical, dental, vision, long‑term disability; paid‑time off including vacation, sick leave, short‑term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including annual performance‑based awards (excluding certain sales roles subject to sales incentive plans); and eligibility for certain tax‑advantaged savings plans.
Equal Opportunity Employer State Street is 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.
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