State Street India | Insurance Fund Accounting - Assistant Vice President

Responsibilities

• The main function of the role is: Account for the day-to-day management of a functional/oversight team(s) and manage daily service delivery and production activities performed by staff.
• Act as the primary contact and key escalation point for operational issues, as well as provide technical expertise to resolve daily problems.
• Manage and escalate issues related to BU Shared Services and COE’s.
• Manage departments overtime budget effectively, indirectly responsible for other department budget matters.
• Ensure appropriate records of daily and monthly activities are kept.
• Assist with compliance/fiduciary reviews, controls, and audits as needed.
• Establish and maintain files, including highly confidential and sensitive information, which pertains to clients and division/corporate operations, as well as short/long-term strategies, budgets, etc.
• Assess impacts of regulatory changes. Identify and implement consistent operational best practices.
• Coordinate the implementation of new funds, systems and processes as well as assists with client conversions and other client projects.
• Train, develop and motivate new staff, as well as complete performance appraisals.
• Provide staffing recommendations by interviewing new personnel and making effective hiring decisions.
• Serve on committees and help define and implement new company initiatives.
• Provide coaching and development opportunities to staff, participate in individual on-going training and development.
• Lead by example and hold team accountable to culture traits.
• Work in conjunction with individuals on the team as well as other Shared Service teams/COE’s, outsource locations, Client Operations and other business units to ensure seamless processing according to the fund’s policies, to ensure NAV/yield accuracy and that all SLAs are met.
• Organize Shared Service internal meetings and compiles related documentation, assisting with the coordination and development of the agenda and may attend meetings to record notes and action items.
• Make effective recommendations to hire, discipline, control work and terminate employment.
• Make effective recommendations for promotions, salary increases and bonuses.
• During the course of normal day to day operations, responsible for identifying any unusual or potentially suspicious transaction activity and must report.
• Drive pay for performance and culture of performance differentiation
• Taking accountability of end-to-end outcomes as an enterprise, collaborating across functions/business and locations

Requirements

• Understanding of cost/budgets Lead/drive the same.
• Strong personnel management skills and prior experience in a supervisory capacity with responsibility for coaching and development of direct reports.
• Minimum of 5 years of management experience, preferably with fund accounting, audit firm or a financial services organization.
• Significant prior financial services industry experience preferred.
• Demonstrated managerial, leadership and decision making abilities, Excellent communication, organization, interpersonal planning, and analytical.
• Ability to effectively bring individuals from multiple areas together to resolve.
• Should have exposure to trading instruments like Equities, Options, Bonds.
• Should have knowledge of Corporate Actions, Income & Expense accruals, SEC.
• Should have prior Mutual Fund accounting experience including General Ledger.
• Ability to lead a large team, identify & develop talent.
• Ability to initiate, effectively manage and improve relationships, both within the company and with peers in the industry and current/prospective clients.
• Good understanding of financial services and investment products.
• Strong interpersonal skills, multitasking capability, ability to work under pressure.
• Ability to represent on Client calls.
• MBA or graduate degree preferred, bachelor’s degree in commerce / economics with a specialization in Business, Accounting, Finance or another Financial-related program.
• At least 5+ years of related Hedge Fund Accounting experience.
• Knowledge of securities language and legal requirements.
• Good interpersonal, organizational and management skills.
• Solid understanding of operational functions within Hedge Fund.
• Accounting. Ability to provide technical expertise to resolve daily.
• Demonstrated computer proficiency and working knowledge of various.
• Ability to develop and enhance client relationships.

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)