State Street

Core Operations, Associate 2

Recruiter
State Street
Location
Princeton, New Jersey
Salary
$43,680 - $62,400 Annual
Posted
26 Sep 2023
Closes
11 Oct 2023
Ref
R-725476
Approved employers
Approved employer
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant

Why this role is important to us

The team you will be joining is a part of International Fund Services (IFS), acquired by State Street in July 2002. IFS, also known as Alternative Investment Solutions is a recognized industry-leading provider of fund accounting, fund administration and risk services to hedge funds and private equity funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements.

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

What you will be responsible for 

Loan Trade processing, confirmation and lifecycle management. Within this global middle office team your role will involve interaction with teams in  the US, India and EMEA. key  assist and complete all their daily tasks within the required deadlines. Below are the core daily tasks:

Trade File Processing

  • Processing trade file transmitted by the Fund daily on trade-date. 

Trade Confirmation

  • Verifying loan trades to LMA/LSTA documentation and processing trade settlement based on funding memos.

Trade Lifecycle management

  • Verifying and processing of loan lifecycle such as Interest, Paydowns, PIK, Drawdowns to agent notices.

Reconciliations

  • To review and resolve daily reconciliation breaks by liaising the client and NAV teams as required.

Pricing

  • Ensuring Loans are pricing in accordance with the pricing matrix.

What we value 

These skills will help you succeed in this role: 

  • Working knowledge of financial products
  • Excellent computer skills
  • Superior communication skills
  • Ability to work in a fast paced, demanding environment.
  • Experience in SSC’s Geneva application a plus

Education & Preferred Qualifications 

  • Bachelor’s degree
  • 2-3 years of experience
  • Geneva Experience

Salary Range:

$43,680 - $62,400 Annual 

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

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

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