State Street Alternative Investment Services is an industry leader in providing administrative fund services to Private Equity managers within our Alternative Investment Solutions business. Our Hybrid Services team was organized to deliver customized service solutions for investment funds that have closed end structures and a diverse spectrum of portfolio investments. We are a team of dedicated accounting professionals who are passionate about delivering financial reporting and day-to-day accounting and administrative support to our clients. This opportunity uniquely offers candidates the opportunity to service hybrid alternative products. Portfolio asset classes can include: equities, private debt, real estate, derivatives, energy, and other private investments. Employees interact daily with functional teams including; trade operations, investor services, custody, tax, and financial reporting both locally and in globally diverse locations.
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Job Description
This managerial position is 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. Therefore, exceptional interpersonal and communication skills are required. Candidates must demonstrate initiative, be able to perform well under pressure and simultaneously handle multiple assignments. The position is responsible for managing client relationships and managing and directing the billing coordination for all the Luxembourg contracted clients.
Key Responsibilities:
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Manage day-to-day communications with contacts of several clients, including investment professionals, client personnel, investors, attorneys, auditors, bankers, etc
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Direct and/or indirect management and supervision of all subordinate staff levels
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Coordinate and liaise with other operating groups (investor communications, financial reporting, tax, etc) to ensure effective communication among operating groups
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Coordinate the billing process for the clients contracted with Lux and support the implementation of a robust model
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Monitor aged debts and chase outstanding debtors
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Assist in managing Fund change events for Lux alternative clients that don’t have a RM/CSM
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Support the accounting team in non-core accounting tasks
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Manage the client communication regarding regulatory and governance matters.
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Ensure internal and external deadlines are met
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Represent SSBIL in periodic client meetings, present and discuss business results and initiatives
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Participate to industry sponsored trade shows, seminars and other events.
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Meet all requirements for the performance planning process including goal setting, regular and immediate feedback and submission of formalized performance appraisals
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Coordinate and manage special client and corporate projects
Qualifications, skills and experience
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Candidates must have a college degree (accounting, business, mathematics, finance or economics degree required)
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Minimum 10 year’s experience in financial sector, preferable in private equity or real estate
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Experience with the alternative investment product range and of the Luxembourg Financial Industry
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Client facing and team management experience
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Excellent administrative, organizational and business support skills, with the ability to multi-task and to work calmly under pressure
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Strong command of Excel and excellent working knowledge of other MS Office suite including Word and PowerPoint
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Strong analytical skills and ability to think out of the box
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Strong written & verbal communication skills in English (German is a plus)
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Possess excellent organizational, planning and co-ordination skills.
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Ability to work accurately to tight deadlines
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Proactive and able to work independently and as part of a team
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Person bringing a positive spirit into the team is welcome
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
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