Operations Client Service, Associate 2

Recruiter
State Street.
Location
Quincy, Massachusetts
Salary
Not disclosed
Posted
24 Jan 2022
Closes
15 Feb 2022
Ref
R-688479
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant

What you will be responsible for:

  • Process alternative investments (limited partnerships, real estate, and hedge funds) activity and valuations for some of the largest pension and endowment plans in the world.
  • Process limited partnership, real estate, and hedge fund activity to the accounting books of records within 24 hours or receipt using the correct general ledgers and accounting functions.
  • Monitor daily exceptions between custody and accounting applications with a focus to clear in 4 days or less.
  • Retrieve limited partnership, real estate, and hedge fund statements from manager websites/emails and update the market values in the valuation tool.
  • Run pricing daily/monthly and review/confirm all price changes over 5%.
  • Complete daily and month end checklists to confirm all activity and pricing is complete.
  • Training will be provided onsite with additional trainings throughout the year.
  • Monitor client mailboxes and clear them daily up to 4PM.
  • Be a team player and support the team on daily deliverables as well as client projects.
  • Aide in the setup of clients on State Streets electronic cash flow module (ECFM).
  • Maintenance of client requirements and provision of reports as provided for by these client requirements
  • Participation in change management activities as assigned (e.g. restructures, new benchmarks etc.)
  • Delivery of Universe and related products within prescribed timescales, as assigned
  • Liaison with data providers, colleagues and clients on issues and initiatives relating to the quality and timeliness of data and the content of the reports
  • Active engagement in production monitoring and quality assurance processes
  • Processing and validation of data within specified timescales
  • Maintenance of client requirements and provision of reports as provided for by these client requirements
  • Participation in change management activities as assigned (e.g. restructures, new benchmarks etc.)
  • Delivery of Universe and related products within prescribed timescales, as assigned
  • Liaison with data providers, colleagues and clients on issues and initiatives relating to the quality and timeliness of data and the content of the reports
  • Effective and timely handovers of work in progress to other teams as appropriate
  • Active engagement in production monitoring and quality assurance processes
  • Execution of quality control checks on reports prepared by performance administrators
  • Overtime required if deliverables not met.

Education & Preferred Qualifications:

  • Bachelor’s degree with business related coursework or equivalent.  B.S. degree in Accounting or Finance preferred 
  • 1+ years of related custody and/ or fund accounting experience is an asset
  • Knowledge of securities markets, language and products as well as legal and regulatory requirements
  • Strong knowledge of MS Office applications, and spreadsheet proficiency
  • Strong organizational skills and ability to prioritize assignments under tight deadlines
  • Attention to detail
  • Strong interpersonal and communication skills in both verbal and written forms
  • Ability to work as a team player
  • Ability to prioritize assignments under tight deadlines
  • Solid understanding of operational functions within both custody and fund accounting

About State Street

What 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 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.

COVID-19 Protocols:  Complying with State Street’s COVID-19 protocols is a condition of employment. Those requirements may vary depending on circumstances and legal requirements, and may include, without limitation, a requirement to be vaccinated (or have an accommodation), to disclose vaccination status, to provide evidence of vaccination status, etc.

For further information, and to apply, please visit our website via the “Apply” button below.

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