Asset Manager - Fund Accounting - Manager

State Street Corporation; Mhalunge; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

State Street Corporation in India seeks a senior manager to oversee day-to-day fund accounting activities and production support, ensuring NAV/yield accuracy and SLA compliance. You will collaborate with Global COEs, Client Operations and other teams to optimize workflows and implement controls.

The role requires 5+ years in fund accounting, with Big Four or fund-house experience preferred. CPA/ ACCA is a plus, and a track record of leading automation and risk controls is essential.

Qualifications

• Accounting background is preferred.
• 5+ years’ experience in Fund Accounting.
• Big four/ fund house / accounting firm work experience is preferred.
• CPA/ ACCA a plus.
• Experience of leading automation initiatives.
• Demonstrates strong risk and control achievements.

Responsibilities

• Oversees the day-to-day management of a functional/oversight team and ensures service delivery and production activities meet SLAs.
• Collaborates with Shared Service teams/COEs, outsource locations, Client Operations and other business units.
• Proposes workflow changes and technical solutions to improve productivity and profitability.
• Monitors regulatory compliance and communicates updates to staff.
• Identifies operational risks and recommends controls and procedures.
• Creates quality service measurement tools and manages reporting.
• Coordinates and manages department projects with COEs and Client Operations.
• Identifies unusual transaction activity and escalates per policy.
• Conducts performance reviews and supports staff development and hiring processes.

Skills

Leadership

Client focus

Operational efficiency

Performance focus

Quality & risk focus

Executive presence

Communication across stakeholders

Ownership mindset

Education

Graduate degree in Business/Accounting/Finance or equivalent

Tools

Automation initiatives

Job description

Job Description 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. 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. As well as, Work collaboratively with teams and management across the organization on various projects, oversight, committees, KPIs, etc.

Role specifics

• Oversees the activities of staff by working closely with direct reports.
• Manages the day-to-day activities and controls to ensure consistency of policies adherence to procedures.
• Manages and facilitates timely resolution of issues.
• Proposes and works to implement workflow changes and supporting technical solutions leading to improved productivity and profitability.
• Keeps abreast of regulatory compliance and developments for the assigned area and apprises staff as necessary.
• Identifies and analyzes operations risks related to current and potential business and recommends procedural changes and controls as needed.
• Creates and uses quality service measurement tools to ensure compliance with operational standards with SLAs and SOPs and create management reporting as needed.
• Coordinates and manages projects within the department and/or with BU Shared Services, COEs and Client Operations teams.
• During the course of normal day-to-day operation, responsible for identifying any unusual or potentially suspicious transaction activity and reporting and/or escalating in accordance with corporate policy and guidelines detailed in relevant operating procedures.
• Conducts periodic performance reviews; provides ongoing counsel, training, development and motivation of staff.
• Participates in the hiring, salary, promotional and termination recommendation process.

Skills/Competency parameter differentiators

• Result-oriented with an ownership and accountability mindset.
• Drive pay for performance and culture of performance differentiation.
• Executive presence, managing with influence and effective communication across stakeholder groups both regionally and globally.
• Embed risk excellence culture across the teams.
• Encourage and drive a culture of change and ideation.

Competencies

• Client focus: – Act as a focal point of contact to maintain strong client relationship; actively participate in client meetings, and ensure team responds to client inquiries.
• Leadership Focus – Leverage experience and technical expertise to support peers globally by providing guidance and training, and fully support and participate in all aspects of employee engagement.
• Operational Efficiency Focus: Actively participate in an efficient and effective global operating model, collaborating with peers globally, and using standard technology, best practices, and optimal functions.
• Performance Focus: Provide excellent service to clients through a results-oriented mindset.
• Quality & Risk Focus: Understand and minimize risk through adhering to standard and client specific operating procedures and through broad participation in the global training program. Focus on qualitative work, attention to detail with a thorough understanding of business impact and ways to minimize risk.

Mandatory Skill Sets

• Accounting background is preferred.
• 5+ years’ experience in Fund Accounting.
• Big four/ fund house / accounting firm work experience is preferred.
• CPA/ ACCA a plus.
• Experience of leading automation initiatives.
• Demonstrates strong risk and control achievements.

Additional Skill Sets

• Good understanding of financial services and investment products.
• Strong attention to detail and a focus on service.
• Ability to perform under pressure and manage high volumes.
• Committed to learn technical aspects of each deliverable.
• Ability to communicate with various internal teams to resolve queries and escalat... etc

Education & Preferred Qualifications

Graduate degree in Business, Accounting, Finance or equivalent experience preferred 8+ years of experience in related accounting or finance field preferred.

No About State Street

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

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