Fund Accounting Senior Associate

State Street; Riyadh; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading financial services company in Riyadh is seeking a Fund Accounting Senior Associate to work in a client-facing role. The candidate will review Net Asset Values for KSA and Middle East portfolios, ensuring deliverables meet quality standards. Proficiency in Arabic and English is required to translate statements. Candidates should have at least 2 years of fund accounting experience and must demonstrate strong numeracy and literacy skills. Competitive benefits package offered.

Benefits

Comprehensive benefits package

Flexible Work Programs

Development programs

Educational support

Qualifications

• 2+ years' experience in fund accounting required.
• Proficient in Arabic to translate/review statements.
• Ability to prioritize and work within tight deadlines.

Responsibilities

• Review and/or prepare daily NAV calculations.
• Ensure successful delivery of daily prices by deadlines.
• Establish and maintain good working relationships with clients.
• Monitor errors and potential breaches.

Skills

Numeracy

Literacy

Effective communication

Collaboration

Arabic language skills

English language skills

Proactive approach

Education

Accountancy or Business related degree

Job description

Overview

Who We Are Looking For A Fund Accounting Senior Associate is required to work in a client facing role within State Street's daily operations department. The role involves reviewing the Net Asset Values of KSA and Middle East registered portfolios and pricing. The candidate will work with State Street’s Outsourced Service centers and Centers of Excellence to ensure that all deliverables are produced and dispatched on time in accordance with client service level agreements and agreed quality standards. The candidate is expected to be proficient in Arabic to translate/review statements that may require translation to English by Operational FA teams.

What You Will Be Responsible For

• Review and/or prepare daily NAV calculations, research and resolve discrepancies.
• Review complex client deliverables and provide technical expertise.
• Ensure successful delivery of daily prices by agreed deadlines as per client SLA and coordinate other regular periodic deliverables to the client in line with SLA (e.g. Yields, KPIs, Expense invoices).
• Develop and review procedures and ensure documentation exists for any client-specific procedures.
• Ensure the line manager and others, as appropriate, are kept aware of all issues/problems/queries/work in progress that may impact upon the quality of service being given.
• Establish and maintain good working relationships with clients, third parties and colleagues, communicating effectively through formalised reporting and ad hoc liaison.
• Review corporate documentation on processes, procedures and controls and evaluate the continuing effectiveness of these and related systems, initiating remedial action as necessary.
• Monitor errors and potential breaches; complete relevant documentation and ensure training needs are identified and relevant training is carried out; liaise and assist with audit/internal queries.
• Review periodic statements from the client/IM/others. Make sure those are correctly interpreted in English especially if in Arabic.

What We Value

These skills will help you succeed in this role

• Numeracy / Literacy skills
• Ability to prioritize and work within tight deadlines
• Ability to communicate effectively at all levels within the organization
• Collaboration & team work
• Arabic and English Language skills – Spoken and written
• Proactive approach

Education & Preferred Qualifications

• Level Of Education: Accountancy or Business related degree (preferred)
• Previous Level Of Experience: 2+ years’ experience in fund accounting is required

About State Street

State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. Our benefits packages are competitive and comprehensive. Details vary by location, including medical care, insurance and savings plans, flexible Work Programs, development programs and educational support.

Inclusion, Diversity and Social Responsibility

We believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to an inclusive environment where everyone can thrive. We welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. We offer paid volunteer days, matching gift programs and access to employee networks. State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

Job ID: R-782527