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Portfolio Operations - Alternative Funds, Assistant Vice President

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State Street

26d ago

  • Job
    Full-time
    Senior Level
  • Business, Operations & Strategy
    Banking & Finance
  • Dublin

AI generated summary

  • You need a Bachelor's in business/finance, 5+ years in fixed income/alternative investments, strong leadership, communication, and Excel skills, plus knowledge of middle/back office operations.
  • You will process transactions, verify payments, reconcile reports, handle exceptions, develop procedures, and coordinate ad hoc requests with various financial counterparts.

Requirements

  • 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.

Responsibilities

  • 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.

FAQs

What is the primary responsibility of the Assistant Vice President in Portfolio Operations - Alternative Funds?

The primary responsibility is to oversee the day-to-day operations of the Alternative Funds, including managing and reviewing the work of an offshore team and ensuring processes and controls are in place to mitigate risk.

What qualifications are required for this position?

Candidates are required to have a Bachelor's Degree with an emphasis in business, finance, accounting, or economics, and at least 5 years of industry experience.

Is experience in fixed income and alternative investments necessary for this role?

Yes, in-depth knowledge of fixed income and alternative investments accounting is required.

What kind of communication skills are expected from the AVP?

The AVP should possess excellent communication, interpersonal, organizational, planning, and analytical skills to effectively interact with various stakeholders.

Will the AVP need to interact with external parties?

Yes, there will be direct interaction with counterparties, servicers, custodians, accounting agents, and investment manager contacts to research and resolve exceptions.

Are computer skills important for this role?

Yes, candidates should be proficient in computer applications, particularly spreadsheet (MS Excel) and database applications.

What type of reports will the AVP coordinate?

The AVP will coordinate requests for ad hoc reports and projects as required.

Does State Street offer opportunities for professional development?

Yes, State Street provides a wealth of development programs and educational support to help employees reach their full potential.

How does State Street promote inclusion and diversity?

State Street actively embraces diverse backgrounds, experiences, and perspectives to create an inclusive environment where everyone can thrive.

What benefits does State Street offer its employees?

State Street offers a competitive and comprehensive benefits package, which may include medical care, insurance, savings plans, and flexible work programs.

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State Street

We’re at the heart of financial services. And our clients are at the heart of everything we do.

Finance
Industry
10,001+
Employees
1792
Founded Year

Mission & Purpose

At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future.