Financial Reporting - Manager

State Street; Chennai District; On-site; INR 10,00,000 - 15,00,000; Full time

Job summary

A leading financial services firm in Chennai seeks a Manager for Financial Reporting. This role includes overseeing staff, ensuring compliance with policies, and managing performance reviews. Candidates should have over 5 years of experience in financial reporting, with a background in Mutual Funds or Hedge Funds being preferred. Leadership skills and strong communication are essential, as well as a graduate degree in a related field. The position offers an opportunity to thrive in a global environment alongside comprehensive benefits.

Benefits

Generous medical care

Insurance and savings plans

Flexible work programs

Qualifications

• Financial reporting experience preferred for Mutual Funds/Hedge funds.
• 5+ years of experience in Financial reporting.
• CPA/ACCA preferred with Big four or accounting firm experience.

Responsibilities

• Manage team activities and ensure policy adherence.
• Propose workflow changes for productivity.
• Conduct performance reviews and provide staff training.

Skills

Financial reporting

Attention to detail

Strong communication skills

Analytical skills

Leadership

Education

Graduate degree in Business, Accounting, Finance

Job description

Job Description - Manager – Financial Reporting

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

The main function of the role is: Account for the day‑to‑day management of a functional/oversight team(s) and manage periodic service delivery and production activities performed by staff relating to Financial reporting of Mutual funds/Hedge funds. 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 latest Accounting policies, standards and other Accounting pronouncements, to ensure accurate and timely reporting of Financial statements 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:

• Financial reporting of Mutual Funds/Hedge funds background is preferred.
• 5+ years’ experience in Financial reporting.
• 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 escalate accordingly.
• Strong communication, interpersonal, organizational, and time management skills.
• Demonstrates an ability to be a leader within their team, as well as be a leader amongst your peers.
• Strong English and communication skills.
• Strong problem solving and analytical skills.
• Detail‑oriented, owner’s mindset, logical thinking.
• Sense of responsibility and team work are required.
• Effective communication, organizational and negotiation skills.

Education & Preferred Qualifications:

• Graduate degree in Business, Accounting, Finance or equivalent experience preferred.
• 8+ years of experience in related accounting or finance field preferred.
• Location: Hyderabad/Bangalore/Pune/Coimbatore/Chennai/Mumbai – North America Shifts/ EMEA Shifts

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.

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