State Street India
State Street India | Product Owner, Insurance Fund Accounting and Administration Specialist, Assistant Vice President
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Job Highlights
Responsibilities
- We are seeking a business Product Owner to support the Insurance Accounting product within State Street’s Fund Accounting and Administration platform.
- This role represents accounting, operational, regulatory, and client needs within the product and serves as the business authority for assigned functional areas.
- While the position partners closely with technology and development teams, accountability is focused on business requirements, accounting logic, client outcomes, and regulatory compliance, 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.
- As the Product Owner, you will act as the business lead and subject matter expert for assigned product areas.
- Communicating directly with clients and internal stakeholders to understand needs, priorities, and impacts.
- Leading business analysis and functional design efforts; creating clear business design documents and requirements.
- Providing business use cases and functional testing scenarios.
- Executing high-level and functional testing to validate accounting accuracy and business outcomes.
- Overseeing delivery of enhancements through iterative planning, prioritizing business value and client impact.
- Partnering with development, product management, and other stakeholders to support prioritization and backlog management.
- Providing input into product roadmaps and longer-term functional direction.
- 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, as needed.
- Assisting onboarding teams and clients with conversions and implementations, as needed.
- Serving as the primary business authority for insurance accounting functionality and related reporting
- Acting as the key business lead on product initiatives and enhancements
- Defining accounting ledger entries, multi-cost basis behavior, and accounting outcomes for enhancements
- Translating business and accounting requirements into well-defined user stories and acceptance criteria
Requirements
- Strong problem-solving and decision-making skills.
- 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.
- Excellent time management and organizational skills.
- Proficiency with Microsoft tools (Copilot, Teams, Excel, PowerPoint, etc.).
- 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 working within an agile software development environment as a business product owner or business analyst.
- Experienced with AI tools and implementing into daily use cases.
- 10+ years of experience as a business product owner or end user of insurance, fund accounting, or financial software.
- 10+ years of experience as a business analyst or business product owner supporting financial or accounting platforms.
- Experience working directly with clients
About the company
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.
