State Street India | Fund Accounting and Administration Product Owner - Insurance Accounting, Vice President

Responsibilities

• We are seeking a senior business Product Owner for the Insurance Accounting product within State Street’s Fund Accounting and Administration platform.
• This role represents accounting, operational, regulatory, and client needs and serves as a senior business authority across complex functional areas and strategic initiatives.
• While the position partners closely with technology and development teams, accountability is focused on business requirements, accounting logic, client outcomes, regulatory compliance, product strategy and prioritization, rather than system architecture or technical solution design.
• By acting as the voice of the business, this role ensures solutions are fit for purpose, compliant, and aligned with product strategy, while enabling efficient and effective delivery through agile development teams.
• The role also drives alignment across business and technology stakeholders, and supports investment decisions for complex, multi-year initiatives.
• Communicating product direction and measurable business outcomes for assigned product capabilities.
• Leading complex product initiatives and enhancements that span multiple business processes, client segments, or delivery teams.
• Engaging clients and internal stakeholders to understand needs, priorities, and impacts.
• Leading business analysis and functional design efforts; creating clear business design documents and requirements.
• Establishing needs for reporting solutions and ensuring alignment with accounting, regulatory, and client requirements.
• Providing business use cases and functional testing scenarios.
• Providing senior-level oversight of testing strategy and validating accounting accuracy, control effectiveness, and business outcomes.
• Partnering with product management, development, operations, client service, and other stakeholders to manage dependencies, resolve issues, and maintain an actionable backlog.
• Assisting with product roadmaps and longer-term functional direction, including recommendations for modernization.
• Overseeing delivery of enhancements through iterative planning, prioritizing business value and client impact.
• Identifying cross-product and data dependencies and driving alignment across accounting, reporting, operational, and client-facing capabilities.
• Creating and maintaining user documentation.
• Delivering training sessions, and product demonstrations for internal teams and current or prospective clients.
• Supporting software maintenance and client service teams with business-level troubleshooting.
• Assisting onboarding teams and clients with conversions and implementations, as needed.
• Serving as one of the primary business authorities for insurance accounting functionality and related reporting
• Defining accounting ledger entries, multi-cost basis behavior, and accounting outcomes for enhancements
• Translating business and accounting requirements into well-defined epics, features, user stories, and acceptance criteria

Education & preferred qualifications

• Strong problem-solving and decision-making skills, including the ability to make informed decisions in complex or ambiguous situations.
• Deep analytical and research capabilities.
• Sound accounting judgment and attention to financial details.
• Ability to manage multiple priorities and initiatives simultaneously.
• Strong presentation and written communication skills.
• Ability to build alignment and drive accountability across complex initiatives.
• Excellent time management and organizational skills.
• Proficiency with Microsoft tools (Copilot, Teams, Excel, PowerPoint, etc.).
• Bachelor’s degree in accounting or a related field; advanced degree, CPA, CFA, or relevant product experience is preferred.
• Demonstrated experience leading complex product initiatives.
• Strong experience with insurance accounting and/or investment accounting, including complex asset classes (e.g., fixed income, derivatives, mortgage loans, alternative investments).
• Knowledge of inbound and outbound data flows across the investment lifecycle (e.g., trade processing, cash, market data).
• Experience leading within an agile software development environment as a business Product Owner, product leader, or senior business analyst.
• Significant experience working directly with clients and other stakeholders.
• Experience with AI tools and applying them to improve product development, analysis, and day-to-day business processes.
• We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them.

State Street

State Street Corporation is a US financial services company headquartered in Boston, Massachusetts, with roots that go back to 1792. It is one of the world's largest custody banks and asset servicers: pension funds, mutual funds, insurers and other institutional investors rely on it for custody, fund accounting and fund administration, middle-office and data services, while its investment management arm, known for the SPDR exchange-traded funds, manages money for institutions and individuals.

In India, State Street works mainly through State Street Corporate Services Mumbai Private Limited, with offices in Bengaluru, Hyderabad, Mumbai, Pune, Chennai, Coimbatore, Gurugram, Noida and GIFT City. These teams serve State Street's global clients in fund accounting, NAV calculation, fund administration and financial reporting, reconciliations, transfer agency, regulatory reporting, risk and technology — work that suits B.Com, M.Com, CA, CMA, CFA and MBA (Finance) profiles.

• Industry: Financial services — custody, fund services and investment management
• Headquarters: Boston, Massachusetts, USA
• In India: Offices in Bengaluru, Hyderabad, Mumbai, Pune, Chennai, Coimbatore, Gurugram, Noida and GIFT City (Gandhinagar)