Financial Reporting - Senior Associate

State Street.
Bangalore, India
Not disclosed
07 Feb 2023
13 Feb 2023
Contract type
Full time
Experience level
Qualified accountant

Job Description

Who we are looking for:

The purpose of the job is to provide end to end support to investment company clients for timely completion of preparation of financial statements, portfolio schedules and associated mandatory reporting’s within stringent deadlines for audit / review and successful submission to the regulators.

Selected candidates will be required to work at shifts which allow reasonable overlap with US, APAC and EMEA hours and allow for trainings, on the job practice, feedback etc.

Why this role is important to us:

The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for:

As Senior Associate you will:

  • Assignment/action on dataload and user administration requests within 24 business hours of receipt of IMT into ArcReporting queue.
  • Complete New Fund/Class setups within 48 business hours of receipt of IMT into ArcReporting queue.
  • Complete/Initiate if multiple steps, all quarterly Risk Reducing Activities per the Support Activity Checklist by Expected Date of Completion.
  • Trains and helps direct Onboarding and Implementation Team Associates’ activities.
  • Documents specifics around ArcReporting build and any other standard tools or processes and helps train Financial Reporting team on them.
  • Actively participate and provide feedback on any ArcReporting initiatives (builds, parallels, testing).
  • Responsible for periodically reviewing key automation or processes on one or several clients to ensure implementation and utilization under Officer and AVP direction.
  • Researching and updating issues on existing builds in the ArcReporting application, submitted via internal inquiry management system.
  • Vendor management and communication on open support tickets, ensuring solution and closure within client expected timeframe.

What we value:

These skills will help you succeed in this role:

  • Financial Reporting
  • ArcReporting
  • Transaction processing & Management
  • Financial Analysis
  • Excellent communication skills
  • Problem solving
  • Statistical analysis

Education & Preferred Qualifications:

  • Bachelor’s Degree in Commerce / Economics with a specialization in Business, Accounting, Finance, MBA or equivalent experience preferred.
  • Knowledge of US GAAP/ IFRS etc.

Additional requirements:

  • Demonstrates strong technology skills, as well as problem solving and analytical skills
  • Demonstrates an ability to be a leader within their team, as well as be a leader amongst your peers
  • Strong communication, interpersonal, and organizational skills, which includes excellent time management skills
  • 3+ years to 8+ years of experience in Fund Financial Reporting /accounting or finance field preferred

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.

State Street is an equal opportunity and affirmative action employer.

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

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