Fund Accounting and Administration Product Owner - Insurance Accounting, Vice President

State Street; Bengaluru; On-site; INR 8,555,000 - 14,259,000; Full time

Job summary

State Street Corp seeks a Senior Vice President, Product Owner for Insurance Accounting within our Fund Accounting and Administration platform. This leader represents accounting, regulatory, and client needs, guiding product strategy and prioritization while working with technology teams to ensure outcomes meet business goals.

The role drives alignment across stakeholders, supports multi-year initiatives, and ensures compliant, fit-for-purpose solutions with measurable business value.

Qualifications

• Bachelor's degree in accounting or related field; advanced degree, CPA, CFA, or relevant product experience preferred.
• 12+ years of experience as a business Product Owner, product leader, or senior end user of insurance, fund accounting, or financial software.
• 12+ years of experience as a senior business analyst, business Product Owner, or product leader supporting financial or accounting platforms.

Responsibilities

• Serve as a senior business authority for insurance accounting functionality and reporting.
• Communicate product direction and measurable business outcomes for assigned capabilities.
• Lead complex product initiatives spanning multiple processes or client segments.
• Engage clients and stakeholders to understand needs, priorities, and impacts.
• Translate requirements into epics, features, user stories, and acceptance criteria.
• Oversee testing strategy and validate accounting accuracy and control effectiveness.

Skills

Strategic leadership

Product ownership

Agile experience

Accounting knowledge

Insurance accounting

Stakeholder management

Data analysis

Communication

AI tools familiarity

Education

Bachelor's in accounting

CPA/CFA preferred

Advanced degree preferred

Tools

Copilot

Teams

Excel

PowerPoint

Job description

Who we are looking forWe are seeking a senior business Product Owner for the Insurance Accounting product within State Street’s Fund Accounting and Administration platform. This role represents accounting, operational, regulatory, and client needs and serves as a senior business authority across complex functional areas and strategic initiatives.This is not a technical product owner role . While the position partners closely with technology and development teams, accountability is focused on business requirements, accounting logic, client outcomes, regulatory compliance, product strategy and prioritization , rather than system architecture or technical solution design.Why this role is important to usThe Vice President, Product Owner plays a critical role in ensuring that product capabilities and enhancements accurately reflect insurance and investment accounting requirements and deliver meaningful value to clients. 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. The role also drives alignment across business and technology stakeholders, and supports investment decisions for complex, multi-year initiatives.What you will be responsible forAs the Vice President, Product Owner, you will act as a senior business lead and subject matter expert for the Insurance Accounting product and related strategic initiatives. Responsibilities include:Serving as one of the primary business authorities for insurance accounting functionality and related reportingCommunicating product direction and measurable business outcomes for assigned product capabilitiesLeading complex product initiatives and enhancements that span multiple business processes, client segments, or delivery teamsEngaging clients and internal stakeholders to understand needs, priorities, and impactsLeading business analysis and functional design efforts; creating clear business design documents and requirementsDefining accounting ledger entries, multi-cost basis behavior, and accounting outcomes for enhancementsEstablishing needs for reporting solutions and ensuring alignment with accounting, regulatory, and client requirementsTranslating business and accounting requirements into well-defined epics, features, user stories, and acceptance criteriaProviding business use cases and functional testing scenariosProviding senior-level oversight of testing strategy and validating accounting accuracy, control effectiveness, and business outcomesPartnering with product management, development, operations, client service, and other stakeholders to manage dependencies, resolve issues, and maintain an actionable backlogAssisting with product roadmaps and longer-term functional direction, including recommendations for modernizationOverseeing delivery of enhancements through iterative planning, prioritizing business value and client impactIdentifying cross-product and data dependencies and driving alignment across accounting, reporting, operational, and client-facing capabilitiesCreating and maintaining user documentationDelivering training sessions, and product demonstrations for internal teams and current or prospective clientsSupporting software maintenance and client service teams with business-level troubleshootingAssisting onboarding teams and clients with conversions and implementations, as neededWhat we valueThe following skills and attributes will help you succeed in this role:Strategic product leadership and the ability to translate business objectives into clear product direction and prioritiesStrong problem-solving and decision-making skills, including the ability to make informed decisions in complex or ambiguous situationsDeep analytical and research capabilitiesSound accounting judgment and attention to financial detailsAbility to manage multiple priorities and initiatives simultaneouslyClear and effective communication with a wide range of stakeholdersStrong presentation and written communication skillsAbility to build alignment and drive accountability across complex initiativesExcellent time management and organizational skillsProficiency with Microsoft tools (Copilot, Teams, Excel, PowerPoint, etc.)Education & Preferred QualificationsBachelor’s degree in accounting or a related field; advanced degree, CPA, CFA, or relevant product experience is preferred.12+ years of experience as a business Product Owner, product leader, or senior end user of insurance, fund accounting, or financial softwareOR 12+ years of experience as a senior business analyst, business Product Owner, or product leader supporting financial or accounting platformsDemonstrated experience leading complex product initiativesStrong 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 leading within an agile software development environment as a business Product Owner, product leader, or senior business analystSignificant experience working directly with clients and other stakeholdersExperience with AI tools and applying them to improve product development, analysis, and day-to-day business processesThis role does not require hands-on software development, system architecture design, or technical solution ownership.Are you the right candidate? Yes!We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.About State StreetAcross 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/careersRead our CEO Statement