Alternative Ops Fund Accounting MD

State Street; Manila; On-site; PHP 5,000,000 - 10,000,000; Full time

Job summary

State Street seeks a Senior Managing Director for its Private Markets/Alternative Investments unit. The role requires senior executive interaction with State Street and key clients, exceptional interpersonal and communication skills, and the ability to handle multiple assignments under pressure.

You will lead development of business plans, manage client relationships, and oversee all monthly and quarterly deliverables, with accountability for budgets, staffing, and performance reviews.

Qualifications

• College degree in accounting or related field; business, mathematics, finance or economics acceptable.
• MBA and/or CPA are a plus.
• Extensive experience in accounting and financial services operations; strong client interaction.

Responsibilities

• Develop and execute overall business plans for private markets in partnership with clients.
• Manage relationships with key client contacts to ensure satisfaction and confidence.
• Oversee daily, weekly, monthly, and quarterly deliverables for assigned clients.
• Coordinate production calendars with clients and internal support areas (Finance, Compliance, Tax).
• Identify high-risk processes and ensure controls are current and effective.
• Lead, train, and address concerns of subordinate managers and staff.
• Participate in budgeting, staffing projections, and proposals for new business.
• Represent State Street as a senior manager externally and internally.

Skills

Leadership

Communication

Analytical skills

Time management

Multitasking

Client interaction

Education

Accounting degree preferred

MBA and/or CPA a plus

Tools

Investran

Job description

Job Description:

Who we are looking for:

Senior level management role within State Street’s Alternative Investments Private Market Services Business Unit. This role requires senior level executive interaction within State Street and with State Street’s largest and most strategic clients, 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, diverse assignments.

What you will be responsible for:

As a PRIVATE MARKETS MANAGING DIRECTOR, you will:

• Be responsible for development and execution of overall business plans both internally and in partnership with clients.
• Manage relationships with key client contacts to ensure continued confidence in State Street and ensure client satisfaction expectations are met relative to the level of service delivered.
• Responsible for all daily, weekly, monthly and quarterly deliverables for assigned client base.
• Coordinate monthly and quarterly production calendars with clients and internal support areas including but not limited to Financial Reporting, Compliance and Tax.
• Ensure process and procedures are adequate to meet quality standards and are consistently applied and regularly reviewed.
• Ability to identify and act on high risk processes; must be active and current on all procedures, controls and high-risk areas to prevent financial loss.
• Responsible for the direction and training of subordinate managers and staff. Address employee concerns and sensitivities.
• Meet all requirements for the performance planning process including goal setting, regular and immediate feedback and submission of formalized performance appraisals.
• Provide support for and effectively communicate broad overall company initiatives and goals to managers and staff within span of control.
• Responsible for developing department budget and staffing projections. Complete staffing proposals for newly awarded business.
• Assess operational effectiveness and make suggestions to transform how we operate and deliver services to clients. Develop ideas for new products and services to expand business opportunities and better meet client needs.
• Participate in new business generation process including review of proposals, prospect presentations, staffing allocations, etc.
• Represent the organization internally and externally as a senior level manager of State Street.
• Spearhead special projects and serve on committees and task force assignments.

What we value:

These skills will help you succeed in this role

• Strong problem solving and analytical skills
• An ability to be a leader within their team, as well as be a leader amongst your peers
• Strong communication, interpersonal, and organizational skills, which includes excellent time management and prioritization skills
• Ability to communicate with various internal teams to resolve inquiries and understanding when to escalate
• Candidates must demonstrate initiative, be able to perform well under pressure, and simultaneously handle multiple assignments and to work efficiently to meet client deliverables

Education & Preferred Qualifications

• Candidates must have a college degree (accounting degree strongly preferred; business, mathematics, finance or economics degree required) and 10 or more years of previous accounting and/or financial service operations experience.
• Candidates must possess solid business unit management experience on complex clients requiring a high level of client interaction.
• MBA and/or CPA are a plus.

Additional Requirements

• Knowledge of Private Equity Fund structures, designs & hierarchies, standalone funds, master-feeder funds, and the role of each entity in the fund structure.
• Knowledge of / experience with private equity accounting and allocation technology, such as Investran, and waterfall compensation methods and calculations.
• Familiarity with Private Equity Fund Services quarterly deliverables, such as Consolidations, PCAPs, Unfunded Statements, ILPAs, etc.
• Knowledge of upstream and downstream technology solutions to drive more automation levels in servicing private markets structures is a plus.
• Familiarity with other alternative investment structures is a plus.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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