Portfolio Operations - Alternative Funds, Assistant Vice President at State Street in Irvine, California

Job Description:

Why this role is important to us

The AVP and the Alts Funds team will be responsible for all of the day to day operations of the Alternative Funds, including oversight and work review of an off shore team. The AVP is often involved in leading projects for the department and communicates with both internal and external clients. The AVP is accountable for ensuring processes and controls are in place to mitigate risk for the organization and for providing direction to the off shore teams.

The activities will include aspects of the following:

Transactions processing and settlements - handholding of tickets and manual directives. Calculation and processing of monthly payments (interest, principal and fees) for whole loans. Verification and manual instruction of monthly payments (interest, principal and fees) for LOC. Confirmations of receipts or deliveries of payments. Remittance reports reviews and reconciliations. Verification of expense reimbursements. Counterparty real estate loans reconciliations. Join venture vendors' financial reports reconciliations. Fees amortization. Sweeps of cash collateral balances. Fund performance reconciliations and attribution analysis. Daily, MTD and YTD P&L reconciliations. Daily custody cash reconciliations. Monthly accounting market values reconciliations.

In addition to the above routine activities, the AVP will maintain and develop procedures to handle existing and new business requirements. There will be direct interaction with counterparties, servicers, custodian, accounting agents and investment manager contacts to research and explain exceptions and to achieve resolution. The AVP will coordinate requests for ad hoc reports and projects.

AVP Qualifications:

Bachelor's Degree with emphasis in business, finance, accounting or economics. At least 5 years of industry experience.

In-depth knowledge in the following: Fixed income and alternative investments accounting. Securities operations and investment manager middle and back office operations. Custody, broker and depository platforms.

Demonstrated leadership and decision making abilities. Excellent communication, interpersonal, organizational, planning and analytical skills. Ability to effectively bring individuals from multiple areas together to resolve identified issues.

Computer proficient, including spreadsheet (MS Excel) and database applications skills.

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

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.

Salary Range:
$80,000 - $132,500 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.

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.

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