Alternative Operations Fund Administrator, Associate 1
State Street
Alternative Operations Fund Administrator, Associate 1
State Street
Holds assets for institutions and runs index funds
Who we are looking for:
We are seeking a motivated candidate with a background in Finance, Accounting, Economics, or a related field to join our AIS Hedge Middle Office. The role will support Transaction Lifecyle Management, Portfolio Valuation, or Bank Loan services and involves working closely with internal teams and global stakeholders to support daily operational activities, process transactions, and resolve routine exceptions. The successful candidate will have the opportunity to develop technical knowledge, gain exposure to financial markets and products, and build a strong foundation in investment operations while contributing to high-quality client service and operational excellence
Why this role is important to us:
The team you will be joining is part of Alternative Investment Solutions (AIS), a recognized industry leader in providing fund accounting, fund administration, and risk services to hedge funds, private markets, and other alternative investment vehicles. AIS delivers fully integrated solutions across the investment lifecycle, providing clients with comprehensive front-, middle-, and back-office support to meet the evolving needs 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:
As AIS Hedge Middle Office Fund Administrator, Associate 1, you will be responsible for:
· Support daily operational activities across Transaction Lifecycle Management, Portfolio Valuation, or Bank Loan processes in accordance with established procedures.
· Process transactions, maintain records, and perform data validation to ensure the accuracy and completeness of operational deliverables.
· Assist with trade processing, pricing verification, reconciliations, and other operational activities, as applicable.
· Support the investigation and resolution of routine exceptions and internal queries, escalating issues when appropriate.
· Collaborate with internal teams and stakeholders to support timely and accurate service delivery.
· Ensure compliance with control processes, including reconciliations, four-eye reviews, and internal policies and procedures.
What we value:
These skills will help you succeed in this role:
· Basic understanding of financial markets, investment products, or financial services operations.
· Strong analytical and problem-solving skills with excellent attention to detail.
· Good verbal and written English communication skills.
· Strong organizational skills with the ability to manage priorities and meet deadlines.
· Ability to work effectively in a fast-paced, team-oriented environment.
· Proficiency in Microsoft Office, particularly Excel; knowledge of VBA, Python, AI, or automation tools is an advantage.
· A positive attitude, willingness to learn, and commitment to delivering high-quality work.
Education & Preferred Qualifications:
· Bachelor's degree or above in Accounting, Finance, Economics, or a related discipline.
· Interest in financial markets, investment products, and operational processes.
· Basic computer skills, particularly Microsoft Excel.
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 StateStreet.com/careers
Read our CEO Statement
Holds assets for institutions and runs index funds
State Street holds and services investments for pension funds, insurers, fund companies, and other large institutions, and it also runs index funds through State Street Investment Management. It launched the first US-listed exchange-traded fund, the SPDR S&P 500 ETF Trust, in 1993, and in 1924 it became custodian of the first US mutual fund. As a custody bank, it safekeeps clients' stocks and bonds, completes their trades, calculates what their funds are worth, and lends their securities to other investors. It earns fees on the assets it services and manages, plus income from currency trading and from interest on client cash. State Street traces its roots to a bank chartered in 1792 and is based in Boston, Massachusetts.
Explore more opportunities at State Street