An Associate II within the Alternative Investments Group is responsible for maintaining the daily operations of five or more clients and will begin to develop skills in the areas of Limited Partnership/Real Estate/ Hedge Fund processing, document interpretation and review, and pricing these alternative asset classes.

Job Duties and Responsibilities

• Process alternative investments (limited partnerships, real estate, and hedge funds) activity and valuations for some of the largest pension and endowment plans in the world.
  
  


• Process limited partnership, real estate, and hedge fund activity to the accounting books of records within 24 hours or receipt using the correct general ledgers and accounting functions.
  
  


• Monitor daily exceptions between custody and accounting applications with a focus to clear in 4 days or less.
  
  


• Retrieve limited partnership, real estate, and hedge fund statements from manager websites/emails and update the market values in the valuation tool.
  
  


• Run pricing daily/monthly and review/confirm all price changes over 5%.
  
  


• Complete daily and month end checklists to confirm all activity and pricing is complete.
  
  


• Training will be provided onsite with additional trainings throughout the year.
  
  


• Monitor client mailboxes and clear them daily up to 4PM.
  
  


• Be a team player and support the team on daily deliverables as well as client projects.
  
  


• Aid in the setup of clients on State Streets electronic cash flow module (ECFM).
  
  


• Maintenance of client requirements and provision of reports as provided for by these client requirements
  
  


• Participation in change management activities as assigned (e.g. restructures, new benchmarks etc.)
  
  


• Delivery of Universe and related products within prescribed timescales, as assigned
  
  


• Liaison with data providers, colleagues and clients on issues and initiatives relating to the quality and timeliness of data and the content of the reports
  
  


• Active engagement in production monitoring and quality assurance processes
  
  


• Processing and validation of data within specified timescales
  
  


• Maintenance of client requirements and provision of reports as provided for by these client requirements
  
  


• Participation in change management activities as assigned (e.g. restructures, new benchmarks etc.)
  
  


• Delivery of Universe and related products within prescribed timescales, as assigned
  
  


• Liaison with data providers, colleagues and clients on issues and initiatives relating to the quality and timeliness of data and the content of the reports
  
  


• Effective and timely handovers of work in progress to other teams as appropriate
  
  


• Active engagement in production monitoring and quality assurance processes
  
  


• Execution of quality control checks on reports prepared by performance administrators
  
  


• Overtime required if deliverables not met.
  
  

• Strong computer competence (Microsoft Applications: Word, Excel)
  
  


• Aptitude for math
  
  


• Strong oral communication and interpersonal skills
  
  


• Strong accuracy aptitude, and detail orientation
  
  


• Ability to multi-task and work under pressure within a deadline oriented environment
  
  


• Associate's degree with business coursework and related experience OR Bachelor's degree with business coursework
  
  

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

Salary Range:
$41,600 - $60,320 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.