IFS NAV Manager,Off

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. Our promise to

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.

Our promise to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. It’s also part of our commitment to inclusion, development and engagement, and corporate social responsibility. You’ll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us.

Job title:   AIS Hedge SME, Officer/Srn Associate

Reports to: Hedge Unit Head Hangzhou – Xu Ran(Susan)

Location:  Hangzhou, China

Position Description:

This is a SME role within the Alternative Investment Solutions (AIS) business unit of the State Street Global Services division.  This role supposed to be very hands-on focused on operational efficiencies and effectiveness while supporting and facilitating migrations related to right shoring strategy.


Communication and stakeholder contact

  • Provide support for and effectively communicate both home site and local managers and teams

  • Manage relationships with internal clients (other State Street offices outsourcing to Hangzhou) at appropriate levels to ensure continued confidence in the Hangzhou office.  This will include late night and early morning conference calls across all time zones.

  • Responsible for key operational metrics, SLAs, KPIs

  • Become familiar with our global product offering



  • Maintain primary portfolio, accounting and taxation records for a variety of onshore and offshore hedge fund partnerships and corporations, trading in all types of investment securities and products

  • Familiar with end to end NAV processes and in-depth business knowledge on Hedge products and systems

  • Calculate monthly Net Asset Valuations for the purpose of reporting to investors and processing of investor subscription and withdrawal activity

  • Allocate gains and losses amongst investors and calculate and accrue management and performance fees payable to hedge fund managers

  • Prepare tax lot accounting reports and schedules and assist in preparation of annual financial statements and taxation returns

  • Prepare fund performance reports including annual summaries and weekly return estimates

  • Prepare ad hoc portfolio, performance and fee reports as requested by Home-sites

  • Maintain primary accounting records for hedge fund management companies


Training, People Development and knowledge management 

  • Develop and monitor individual development plans for key people in the team.

  • Address the queries from the team and provide guidance and support from technical perspective, responsible for SOP set-up and review

  • Responsible for the direction and training of managers, succession plan

  • Improve and build training mechanism for hedge new starters, knowledge management and experience sharing

  • Support internal rotations and succession plans within the Unit.

  • Lead improvement and transformation projects collaborating with home sites and Hangzhou Hedge Unit Head, serve on committees and task force assignments.

  • Working with teams on productivity and efficiency improvement. 


  • Functional Expertise-

  • Keeps up-to-date with emerging business, economic, and market trends

  • Technical Skills

-     Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills

  • Drive and Motivation

  • - Successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks

  • Client and Business Focus

- Effectively handles difficult requests, builds trusting, long-term relationships with clients, helps the client to identify/define needs and manages client/business expectations

  • Teamwork

– Gives evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions

  • Communication Skills

- Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with others

  • Judgment and Problem solving

- Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyses complex issues

  • Creativity/Innovation

- Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value

  • Influencing Outcomes

- Presents sound, persuasive rationale for ideas or opinions. Takes a position on issues and influences others' opinions and presents persuasive recommendations

Candidates must have a college degree (business, economics, mathematics, finance and at least 4 years of accounting and/or financial service operations experience. 

Experience / Qualification / Key Skills / Attributes

  • Hedge fund administration industry experience essential including familiarity with performance fee structures, tax allocation methodologies, hot issue allocations and management company record keeping

  • Experience with portfolio accounting systems

  • Detailed understanding of how to account for, value and service all types of investment products including derivatives, swaps, options, futures and forwards

  • Have experience and proven skill in managing multi-functional, organizational and jurisdictional lines; brings own area of expertise to the table.

  • Understand unit strategic/business plan; ability to support strategic direction for areas of responsibility and ensure goals/objectives are aligned with those of the business.

  • Possess knowledge of accounting and administration products and services.

  • Demonstrates a strong commitment to organizational success; work to do what is best for the organization and its stakeholders (e.g., customers, shareholders and employees).

  • Demonstrated ability to make and stand by difficult or unpopular decisions when they are in the best interests of the client or corporation.

  • Demonstrates an appreciation for people and perspectives that differ from own; ability to adapt style to match the needs of different individuals, teams and situations.

  • Act as a role model and be committed to model appropriate executive behavior at all times; consistently ‘live’ the organizational values.

  • Goodinterpersonal skills and ability to interface with colleagues from all disciplines, backgrounds and cultures - both in the region and across the globe.