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Fund Accounting & Administration- Hybrid, AVP

State Street Corporation
Singapore, Singapore
Closing date
Aug 10, 2022

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Who we are looking for
The AVP will be part of a team of professionals and responsible for the development and growth of the client services team within the hybrid fund services business of State Street Alternative segment, based in Singapore.
Candidates must demonstrate initiative, be able to perform well under pressure and simultaneously handle multiple assignments. Fund Administration Managers are responsible to direct 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, Alternative Investment Solutions (AIS) is a part of State Street Global Services (SSGS). AIS is a recognized industry-leading provider of fund accounting, fund administration and risk services to hedge funds, private equity funds and hybrid funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements of institutional investors.
Join us if making your mark in the alternative investment industry from day one is a challenge you are up for.

What you will be responsible for
As Fund Accounting and Administration, Assistant Vice President you will

Hybrid Expertise
  • Serve as a source of technical information to answer and assist with internal client questions regarding product types & structures, basic regulatory issues and operational Issues.
  • Responsible for the direction and training of subordinate managers and staff. Address employee concerns and sensitivities.
  • Experience in interpreting complex LPAs and management/waterfall calcs required.

Client Engagement
  • Manage internal workflow and client deadlines.
  • Manage client relationships with both client personnel and internal teams.
  • Review quarterly and annual financial work paper packages including portfolio schedules, accruals and valuations.
  • Review and/or preparation of capital calls and distributions.
  • Review periodic bank and cash reconciliations and post journal entries.
  • Review quarterly management fee, incentive fee and carried interest calculations.
  • Review and/or preparation of various client related correspondence.
  • Coordination of annual audit preparation with external accounting firms and clients.
  • Review and approve NAV files in accordance with established policies and procedures.
  • Responsible for the direction and training of subordinate managers and staff. Address employee concerns and sensitivities.
  • Provide support for and effectively communicate broad overall company initiatives and goals to staff within span of control.

Team Lead
  • Manages and supervises a team of professionals to review a spectrum of reports and deliverables for hybrid clients and to manage and maintain multiple client relationships
  • Maintains goals and careers development plans for direct reports and meets all requirements for performance planning process (including goal setting, regular and immediate feedback and submission of formalized performance appraisals)
  • Provides technical guidance and mentorship to all staff levels
  • Demonstrates strong knowledge of accounting, with focus on private equity / alternative segment
  • Manages client expectations and participates in discussions with both existing clients and prospects
  • Manages and monitors the work quality of deliverables from centers of excellence
What we value
These skills will help you succeed in this role:
  • Strong critical thinking, problem solving, and decision-making skills
  • An ability to be a leader within their team, as well as be a leader amongst your peers
  • Strong communication, interpersonal, and organisational skills, which includes excellent time management and prioritisation skills
  • Candidates must demonstrate initiative, be able to perform well under pressure, and simultaneously handle multiple assignments
  • Excellent administrative and organisational skills with the proven ability to multi-task and to work efficiently to meet client deliverables
  • Proficiency in Microsoft Office, particularly advanced MS Excel skills.

Education & Preferred Qualifications
  • Candidate must have a college degree (business, mathematics, finance or economics preferred, accounting concentration a plus)
  • At least 8-10 years of accounting experience, including 3 to 5 years of supervisory experience is required.
  • Specific experience in the hybrid/ private equity/real estate industry is a must.
  • Experience with Business Development Companies (BDC) and/or Private Credit portfolios is preferred but not required.
  • Experience with Investran or other partnership accounting applications is a plus.
  • Experience with Geneva favourable but not required.

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.
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