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Alternative Investment Services Administration, Officer

State Street

Alternative Investment Services Administration, Officer

State Street

Sacramento, California

·

On-site

·

Full-time

·

1w ago

Benefits & Perks

401(k)

Healthcare

Paid Time Off

Paid Volunteer Days

Learning Budget

401k

Healthcare

Learning

Required Skills

Accounting

Finance

Analytical skills

Communication

Microsoft Excel

Microsoft Access

The Officer position will help will support and oversee the cash administration and accounting processing for limited partnerships client’s that investment in alternative investments (Private Equity, Real Estate, Natural Resources and Hedge Funds) that is being serviced by the AIAS Team.

Responsibilities Include:

  • Training junior staff that will be supporting these clients. This will entail detailed hands-on processing on the MCH accounting platform, the e

CFM system and Alpha Frontier:

  • Creating timelines and overseeing the client deliverables and ensuring all final internal handoffs are completed

  • Perform quality control checks to ensure that the junior team members have booking all transactions correctly

  • Working closely with clients to assist with inquiries

  • Help assist junior staff with the conversion of new and existing clients and transitioning them into our standard LPS operating model

  • Provide mentorship and oversight to junior associates on the team

Qualifications:

  • BA/BS in finance, accounting, or a related discipline is required

  • 3-5 years of related experience required

  • Private Equity/Alternative Investments exposure is a plus

  • Strong organizational, interpersonal and service-oriented skills required

  • Strong written and verbal communication skills

  • Ability to work in a team-based environment

Additional Skills Include:

  • Ability to work in various wed-based applications, MS Excel, and MS Access

  • Strong analytical skills, detail oriented, work independently and collaboratively

  • Strong verbal and written communications skills and have the ability to handle multiple priorities

Salary Range:

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.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

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.

Discover more information on jobs at State Street.com/careers

Read our CEO Statement:

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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About State Street

State Street

State Street Investment Management — formerly State Street Global Advisors (SSGA) — is an American investment management division of State Street Corporation founded in 1978 and the world's fourth largest asset manager, with nearly US$4.1 trillion in assets under management as of December 31, 2023.

10,001+

Employees

Boston

Headquarters

Reviews

3.5

6 reviews

Work Life Balance

2.5

Compensation

3.0

Culture

2.5

Career

3.2

Management

2.8

35%

Recommend to a Friend

Pros

More opportunity than other banks

Career advancement potential

Financial services experience

Cons

Slow hiring process

Poor Glassdoor reviews

Variance in firm quality opinions

Salary Ranges

76 data points

Junior/L3

Junior/L3 · Business Analyst

2 reports

$134,560

total / year

Base

$117,009

Stock

-

Bonus

-

$127,061

$142,060

Interview Experience

5 interviews

Difficulty

2.6

/ 5

Duration

21-35 weeks

Offer Rate

20%

Experience

Positive 20%

Neutral 60%

Negative 20%

Interview Process

1

Application Review

2

Recruiter Screen

3

Phone Interview

4

Technical/Hiring Manager Interview

5

Final Interview/Offer Stage

Common Questions

Technical Knowledge

Behavioral/STAR

Past Experience

Culture Fit