Who we are looking for

State Street is the preeminent global administrator for Private Equity funds and enjoying a sustained period of growth across all business lines. We are looking for exceptional individuals to help drive this continued success and contribute positively to our market leading position. The AIS Fund Administrator, Senior Associate interacts with all levels of personnel and occasionally interacts with clients or client contacts. Senior Fund Administrators handle the day-to-day accounting and related administration for one or more client sponsored Private Equity Partnership investment funds.

Why this role is important to us

The team you will be joining is a part of International Fund Services (IFS), acquired by State Street in July 2002. IFS, also known as Alternative Investment Solutions is a recognized industry-leading provider of fund accounting, fund administration and risk services to hedge funds and private equity 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

• This role will partner closely with Client Service, Global Delivery and large Broker/Dealers to facilitate proper settlement of ETF in-kind transactions globally.


• The day to day responsibilities for this role will include, but not limited to the oversight of ETF order placement, order settlement, collateral management, P&L actual cost calculation, responding to broker requests and/or questions, resolving failed trades across 43 North American ETF clients, and growing.


• Day to day environment is deadline driven, fast paced with a strong emphasis on risk mitigation.


• Displays a positive, can do attitude with the ability to multitask


• Strong background in custody across domestic and international equities and fixed income


• Comfortable speaking with internal and external clients


• Ability to prioritize and oversee multiple tasks in a very fast- paced environment


• Ability to work under pressure


• Ability to identify areas of risk and work successfully to eliminate these areas with implementation of proper processes and controls, fully documented


• Proactive mindset, looking for ways to improve current operations/processes without being asked/directed


• Transfer Agency experience a plus.


• Familiarity or experience in BUAT Testing


• Experience and understanding of Exchange Traded Funds from a custody perspective a plus.


• Knowledge of ETF order settlement for CNS and non-CNS funds a plus

• Advanced MS Excel skills


• Strong critical thinking, problem solving and decision-making skills.


• Excellent administrative and organizational skills with the ability to multi-task and to work efficiently to meet client deliverables.


• Candidates must demonstrate initiative, be able to perform well under time constraints, and prioritize multiple assignments


• Experience with Investran is a plus but not required


• Experience with investment/Portfolio accounting platforms


• Experience with Fixed-Income Securities

• Candidates must have a college degree in business, mathematics, finance or economics preferred, accounting concentration is a plus


• 2-4 years of previous financial services experience

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:
$52,000 - $75,400 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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