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Private Equity Core Operations, Officer

Company

State Street
Address , Clifton, Nj
Employment type FULL_TIME
Salary $75,000 - $127,500 a year
Expires 2023-07-29
Posted at 11 months ago
Job Description
Who we are looking for
This is an operational role within the Private Equity Fund Services Business Unit of the State Street Alternative Investment Solutions Group. The position interacts with all levels of professionals both internally and externally and with senior level executives of State Street. Therefore, exceptional interpersonal and communication skills are required. Candidates must demonstrate strong initiative, be able to perform well under pressure and be capable of managing multiple and diverse assignments. The position is responsible for managing departments experiencing significant growth.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for
As Private Equity Analyst you will
  • Identify reporting/setup discrepancies and work with the client to resolve
  • Coordinate, setup, and maintain State Street’s Legal Entity/ investment/investor service process (both internal and external data) for a large FOF PE Client; enforce defined control functions including but not limited to structural setup, client interaction, activity postings, and internal communications.
  • Responsible for the direction and training of team members. Address employee concerns and sensitivities
  • Ability to multitask various inquiries/research along with follow-ups across a larger team
  • Ensure process and procedures are adequate to meet quality standards and are consistently applied and regularly reviewed within department
  • Assess operational effectiveness and make suggestions to streamline setup/processing functions
  • Maintain tracking logs on various setup workflows that support Legal Entity Structural setup
  • Manage relationships with clients at appropriate levels to ensure continued confidence in State Street
  • Liaise with middle office and fund accounting teams to support timely delivery of setup activity & reporting that supports quarterly fund NAVs
  • Meet all requirements for the performance planning process including goal setting, regular and immediate feedback and submission of formalized performance appraisals
  • Assist with special projects, lead client communications, and task force assignments
  • Ability to work independently also amongst a larger fund group
  • Oversee ledger setup bookings related to Legal Entity/ investment/investor service processing
What we value
These skills will help you succeed in this role
  • Excel skills (formulas – ex: pivot tables, sum-ifs, index-match, v-lookup)
  • Investran Proficiency (Super User/SME) preferred, but not required
  • Exceptional interpersonal and communication skills are required
  • Strong critical thinking, problem solving, and decision making skills
Education & Preferred Qualifications
  • 2-6 years of fund accounting/servicing or Private Equity servicing experienc
  • College degree (Accounting or Finance preferred)
Private Equity Product Knowledge:
  • Private Equity Terminology
  • Investment/Investor onboarding and setup
  • ILPA best practices/knowledge- preferred, but not required
  • Workflows (from investor closings to legal entity quarterly financials)
  • Legal Entity Structures
Additional requirements
Location: Hybrid: Boston (1st choice), New York City / Clifton (2nd choice), or fully remote (3rd choice)
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
Salary Range:
$75,000 - $127,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.