Operations Client Service, SrAssc at State Street in Boston, Massachusetts

Job Description:

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.


• Aide 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.

Requirements:

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


• Aptitude for math


• Strong oral communication, leadership, 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

In compliance with the U.S. federal government Executive Order 14042, State Street requires vaccination against COVID-19 as a condition of employment in the United States. If you accept this position, you will be required to substantiate that you are vaccinated, or that you are legally entitled to a religious or medical exemption.

Salary: