State Street

IMS Alternative Asset Servicing Team, Officer

State Street
Irvine, California
Not disclosed
13 Feb 2024
13 Mar 2024
Approved employers
Approved employer
Contract type
Full time
Experience level
Qualified accountant

Who we are looking for

Manage and be familiar with the post-settlement lifecycle events associated with alternative securities:

  • Distribution payments.
  • Interest payments.
  • Loan paydowns and payoffs.
  • Amortization and schedules.
  • Service payments for lines of credit.
  • Waterfall payments.
  • Reconciliation breaks caused by lifecycle events.
  • Coordination to resolve complex reconciliation breaks.
  • Hosts and attends internal and client calls/meetings to coordinate complex lifecycle events, when required.
  • Candidate should be familiar with loan and security statements, waterfall statements and other loan and asset servicing documentation.
  • Candidate should have experience co-managing processes with offshore support teams.
  • Manages and delivers projects, IT initiatives and client requests to constantly improve delivery and processes, when required.
  • Has a zero tolerance to risk and a control-based mindset to ensure an accurate and timely completion of daily tasks. Creates new processes, process documentation and procedures to close control gaps.
  • Manages data trackers and exhibits ownership of the process they are responsible for.
  • Supports individual and team efforts with regard to research and resolution process for exceptions and inquiries related to these restructure events.
  • Supports Client Operations and Joint Venture team in providing appropriate information for preparation and research of proofs as needed.
  • Remains familiar with back-up procedures when system applications and/or transmission problems arise.
  • Develop an understanding of settlement processes and types, processing requirements, processing timelines, how those actions may affect fund asset values, and be able to practically apply this knowledge to processing environment.
  • During normal day to day operation, be responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures
  • May perform other duties as requested.
  • Loan securities experience is preferred.
  • Cash settlement experience (MT103/202) is preferred.

Education & Preferred Qualifications

  • Bachelor’s Degree or its equivalent.
  • At least 7 years related financial industry experience.
  • Demonstrated managerial, leadership and decision making abilities.
  • Extensive knowledge of all areas of services, products and processes.
  • Working knowledge of accounting, custody, and depository platforms.
  • Excellent communications, organization, interpersonal planning, and analytical skills.
  • Demonstrated client communication and presentation skills.
  • Ability to effectively bring individuals from multiple areas together to resolve identified issues.
  • Computer proficient including working knowledge of desktop software applications.
  • Bachelor’s degree with business related coursework or B.S. degree in Accounting or Finance preferred.

Additional Requirements

  • Strong computer competence (Microsoft Applications: Word, Excel, Visio).
  • Accuracy and detail oriented.
  • Strong interpersonal skills.
  • Strong communication (verbal and written) skills.
  • Ability to multi-task.
  • Ability to work under pressure and within a deadline oriented team.

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 by location, but you may expect generous medical care,

insurance and savings plans, among other perks. You’ll have access to flexible Work Programs 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 perspectives 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 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 programs 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.

Salary Range:

$65,000 - $102,500 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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