Income Processing - Manager

STATE STREET CORPORATION; Pune District; On-site; INR 4,000,000 - 7,000,000; Full time

Job summary

STATE STREET CORPORATION is seeking an Income COE Officer to support client operations and COE teams. You will monitor and process custody, accounting, and middle office events to ensure timely, accurate fund records and strong risk controls.

You will lead a team, optimize processes, manage resources, and drive automation while maintaining compliance with regulations across income cycles, corporate actions, and related activities.

Qualifications

• Bachelor’s degree in Commerce or Economics with a specialization in Business, Accounting, Finance or related field.
• Inter CA/Inter ICWAI or CFA (pursuing) preferred.
• 10–16 years of experience in accounting, finance, mutual fund operations, or loan servicing.

Responsibilities

• Process Optimization: Identify and implement improvements to streamline operations, increase efficiency, and reduce costs.
• Resource Management: Manage resources (people, budget, technology) to achieve objectives.
• Performance Monitoring: Track KPIs and identify improvement areas with corrective actions.
• Team Leadership: Lead and develop a team within the operations department.
• Collaboration: Align with executive teams for cross-functional coordination.
• Quality Control: Ensure operations deliver high-quality services meeting client needs.
• Risk Management: Identify and mitigate operational risks.
• Deep knowledge of Income and Corporate Actions and related regulatory framework.

Skills

Process optimization

Resource management

Performance monitoring

Team leadership

Collaboration

Quality control

Risk management

Income & corporate actions

AI & Agile

Education

Bachelor’s degree in Commerce/Economics

Inter CA/Inter ICWAI or CFA (pursuing)

Job description

Who we are looking forAs an Income COE Officer, the ideal candidate will support and assist Client Operations and other operational Shared Service teams/ Center of Excellence (COE’s) by monitoring and processing custody, accounting, middle office related events to the fund’s records accurately and timely. Ensure prompt follow up on exception situations and facilitate timely problem resolution to mitigate risk to the corporation and deliver excellent service to clients and people management.Why this role is important to usIncome COE deals with end to end processing of events across custody, accounting, middle office and claims services for our clients. This involves processing of many financial activities which will help other team to derive at NAV to the client, As part of Income COE you will be required to contribute towards development of Process, people and Improve Risk standards for the team.What you will be responsible forAs Officer you will:Process Optimization: Identify and implement improvements to streamline operations, increase efficiency, and reduce costs.Resource Management : Manage resources (people, budget, technology) effectively to achieve operational objectives.Performance Monitoring: Track key performance indicators (KPIs) and identify areas for improvement, taking corrective actions as needed.Team Leadership: Lead and develop a team of managers and staff within the operations department.Collaboration: Work with other executive teams to ensure alignment and coordination across the organization.Quality Control: Ensure that the company's operations deliver high-quality products or services that meet customer needs.Risk Management: Identify and mitigate potential operational risks.Deep knowledge of Income and Corporate Actions: Understanding the end to end income cycle, fund accounting, amortization, concepts on bonds, dividends, entitlement calculations , amortization, market and loan claims lifecycle, middle office operations and relevant regulations.What we value- Key Skills:Result-oriented with an ownership and accountability mindsetCommercial acumen - Understanding of cost/budgetsDrive pay for performance and culture of performance differentiationExecutive presence, managing with influence and effective communication across stakeholder groups both regionally and globallyEmbed risk excellence culture across the teamsEncourage and drive a culture of change and ideationDrive efficiency and automation initiatives . Sound understanding of technology tools around AI, Agile framework is preferred.Education & Preferred QualificationsBachelor’s Degree in Commerce / Economics with a specialization n Business, Accounting, Finance or another Financial related program. Inter C.A. / Inter ICWAI or CFA (pursuing) will be preferred10-16 years’ experience in accounting, finance, mutual fund operations, loan servicing or related careers (preferred).Additional requirementsAbout State StreetWhat 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 by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.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