FS Agency Lending - Financial Accounting & Distributions, Team Lead

State Street; Bengaluru; On-site; INR 800,000 - 1,200,000; Full time

Job summary

State Street in Bengaluru is seeking a SF FAD Billing and Earnings Senior Associate to distribute Client and Agent Securities Lending earnings across regions and currencies, ensuring timely, accurate processing of monthly results.

You will coordinate with the JV offshore team on complex billing issues, reconcile daily earnings, and prepare monthly cash final data, while upholding controls and escalations for any suspicious activity.

Qualifications

• 5+ years in Financial Industry, 4+ in Global Markets focusing on Earnings and Billing.
• Understand complex workflow across multiple systems.
• Manage exceptions and escalate when needed.
• Experience in high-volume Operations.
• Proficient in MS Office: Excel, Access, Word, PowerPoint.

Responsibilities

• Distribute Client and Agent Securities Lending Earnings globally.
• Calculate and distribute Client and Bank Earnings monthly.
• Ensure on-time, accurate work; escalate issues promptly.
• Assist JV offshore team with complex billing issues.
• Manage offline payment collections between trading and borrowers.
• Perform daily earning DDAs reconciliation.
• Prepare monthly Cash final data for bank/client earnings and fees.
• Identify unusual or suspicious transactions per policy.
• Participate in projects with Shared Services and Client Operations.

Skills

Financial Industry experience

Global Markets experience

MS Office

Analytical skills

Communication skills

Problem solving

Cash management knowledge

Stock lending knowledge

Education

Accounting/Finance degree

Tools

Excel

Access

Word

PowerPoint

Job description

Who We Are Looking For:

Looking for professional who have good understanding about the Stock Lending, Investment banking, Cash management and Broker Billing process.

Why this role is important to us

The team you will be joining is a part of State Street Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSM business unit. As our investment research and trading arm, SSM’s number one goal is to enhance and preserve our clients’ portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world. Join us if making your mark in the capital markets industry from day one is a challenge you are up for.

What You Will Be Responsible For:

• The SF FAD Billing and Earnings Senior Associate will be responsible for distributing Client and Agent Securities Lending Earnings for all regions and currencies globally.
• Calculate and distribute Client and Bank Earnings to meet the monthly deadline
• Ensure that work is completed ‘on-time’ and accurately. All issues are identified & escalated in a timely fashion.
• Assists the JV offshore team for complex and aged billing issues
• Manages the collection of offline payments coordinated between trading and borrowers
• Performs Earning DDAs daily reconciliation
• Prepares monthly Cash final data to ensure Bank/Client earning, co-agent fee, management fee are accounted accurately.
• 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.
• Participates on projects or committees within the department and/or with BU Shared Services, and Client Operations teams.

What We Value:

• At least 5 years prior Financial Industry experience - of which, at least 4 year are in Global Markets within Earning and Billing management, Stock-loan or Stock-lending positions.
• An ability to understand complicated workflow and reconciliation controls impacting up to 4 system or reporting platforms.
• An ability to manage exceptions and remediate/escalate such items at point of discovery.
• Experience in a high volume Operations environment.
• Proficient in Microsoft Office Applications (Excel, Access, Word and Power Point)
• Strong client service, analytical, problem solving and communication skills
• A broad understanding of Fund Accounting, Billings and CASH management functions.

Shift Timing : Login should be between 5.30PM to 9.00PM IST.

Work Location : Bangalore

Education & Preferred Qualifications:

• University degree in Business majoring in Accounting, Finance, or other Financial-related programs
• Overall experience of years in Cash management , Broker billings or related work.
• Stock lending experience is a must. (Pre or post-trade Settlement)

Secondary Skills (Good To Have)

• Good hands on experience in Excel formulas ( VLOOKUP and other basic formulas)

About State Street

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 stewardship 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.

Inclusion, Diversity and Social Responsibility.

We truly believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

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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