Senior Insurance Accounting Product Owner – Fund Admin

State Street Corporation; Boston (MA); On-site; USD 110,000 - 189,000; Full time

Benefits offered by this job

401K with company match

Comprehensive benefits program

PTO including vacation and sick leave

Job summary

State Street Corporation seeks a senior business Product Owner for Insurance Accounting within Fund Accounting and Administration. This leader represents accounting, regulatory, and client needs, guiding strategic initiatives and prioritization with a business-focused approach.

You will translate requirements into epics and stories, define accounting ledger behavior, and collaborate with product, technology, and client services to deliver compliant, value-driven solutions and a clear roadmap.

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 OR 12+ years of experience as a senior business analyst, product owner, or product leader supporting financial or accounting platforms.
• Demonstrated experience leading complex product initiatives
• Strong 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 analyst
• Significant experience working directly with clients and other stakeholders
• Experience with AI tools and applying them to improve product development, analysis, and day‑to‑day business processes

Responsibilities

• Serving as primary business authority for insurance accounting functionality and reporting
• Communicating product direction and measurable business outcomes for assigned product capabilities
• Leading complex product initiatives and enhancements spanning multiple processes, client segments, or delivery teams
• Engaging clients and internal stakeholders to understand needs, priorities, and impacts
• Leading business analysis and functional design efforts; creating clear business design documents and requirements
• Defining accounting ledger entries, multi-cost basis behavior, and accounting outcomes for enhancements
• Establishing needs for reporting solutions and ensuring alignment with accounting, regulatory, and client requirements
• Translating business and accounting requirements into epics, features, user stories, and acceptance criteria
• Providing business use cases and functional testing scenarios
• Providing senior-level oversight of testing strategy and validating accounting accuracy, control effectiveness, and business outcomes
• Partnering with product management, development, operations, client service, and other stakeholders to manage dependencies
• Assisting with product roadmaps and longer-term functional direction, including recommendations for modernization
• Overseeing delivery of enhancements through iterative planning, prioritizing business value and client impact
• Identifying cross-product and data dependencies and driving alignment across accounting, reporting, operational, and client-facing capabilities
• Creating and maintaining user documentation
• Delivering training sessions, and product demonstrations for internal teams and current or prospective clients
• Supporting software maintenance and client service teams with business-level troubleshooting
• Assisting onboarding teams and clients with conversions and implementations, as needed

Skills

Strategic product leadership

Stakeholder alignment

Analytical skills

Problem solving

Communication skills

Presentation skills

Time management

AI tools application

Education

Bachelor’s degree in accounting or related field

CPA or CFA preferred

Advanced degree preferred

12+ years experience in product ownership or senior business analysis

Tools

Microsoft Copilot

Microsoft Teams

Microsoft Excel

Microsoft PowerPoint

Job description

State Street Corporation seeks a senior business Product Owner for Insurance Accounting within Fund Accounting and Administration. This leader represents accounting, regulatory, and client needs, guiding strategic initiatives and prioritization with a business-focused approach.

You will translate requirements into epics and stories, define accounting ledger behavior, and collaborate with product, technology, and client services to deliver compliant, value-driven solutions and a clear roadmap.