State Street

India Head of Insurance Accounting - Managing Director

Recruiter
State Street
Location
Hyderabad, India
Salary
Not disclosed
Posted
24 May 2024
Closes
30 May 2024
Ref
R-750756
Approved employers
Approved employer
Contract type
Permanent
Hours
Full time
Experience level
Director

Who we are looking for

This is a key leadership position in Global Delivery India, as well as the India Fund Accounting & Administration management team.

Within Global Delivery, the Accounting teams are responsible for delivering core services to State Street end customers. The Head of Insurance Accounting is directly accountable for positive and consistent service delivery and client outcomes. The Accounting functions support US, European & Middle East clients.

This role also requires significant leadership within the region/location and legal entity.

While this role is advertised to be in Hyderabad/Coimbatore, as such the role could be location agnostic in a location where we have a significant presence in India.

What you will be responsible for

As Head of Insurance Accounting, you are responsible for implementing strategy and delivery.

  • Reporting to the Head of India Fund Accounting & Administration and ensuring services are meeting or exceeding State Street Standards globally.
  • Ensure timeliness and accuracy across all relevant functions.
  • Directly accountable for the production and deliverables performed by State Street India
  • Work closely with the global heads to develop, monitor, and action the business plan and budgets for those business activities performed at State Street India in line with corporate and division goals.
  • Ensure that the business has the right resources, including staff, training, oversight and control functions, IT, and financial, to operate effectively.
  • Drive continuous improvement: productivity, quality, and Risk Excellence; key KPI’s include driving down aged defects and budgets.
  • Identify and develop opportunities for transformation and capacity creation.
  • Ensure teams are in compliance with internal and external regulations and follow escalation procedures.
  • Ensure that all procedures are reviewed regularly, and that proposed changes are vetted with the global heads prior to implementation in order to maintain global alignment.
  • Conduct periodic business reviews ensuring associated risks are identified and managed and remedial action is taken where appropriate. Ensure that appropriate management information is produced and reviewed at regular intervals.
  • Proactive expense management, including headcount, in line with the budget.

What we value

These skills will help you succeed in this role

  • Focus on client outcomes, problem-solving, cooperating, and communicating with rest of organization to achieve shared success
  • Maintain the highest standards of conduct and integrity within the business
  • Support a culture of effective challenge to ensure appropriate governance, and one that supports the core values of State Street
  • Collaborative leadership and work style

Education & Preferred Qualifications

  • 18 years + experience in financial services, presently in a leadership role managing large operations
  • Technical knowledge of fund accounting activities and associated regulations
  • Navigate a large, global organization. Build meaningful relationships and develop an effective network
  • Work successfully in a matrixed environment. Effectively manage multiple stakeholders, determine highest priorities for the organization, identify and resolve contention between directives
  • Proven leadership skills as well as managing and developing a high performing operations team
  • Experience interfacing at a senior level with Clients, service providers and Regulators
  • Proven track record of achieving/exceeding financial goals through expense discipline and headcount management
  • Experience with change management programs in sponsorship, leadership roles
  • Demonstrated ability to execute under challenging circumstances and deliver targeted outcomes
  • Demonstrated ability to manage, coach, and influence colleagues and virtual team members
  • Cross-cultural awareness and the ability to connect with colleagues globally in a collaborative, open work environment. To serve as a role model of acceptance and flexibility in dealing with colleagues with varying backgrounds

Additional Requirements

  • Willingness for regular business travel
  • Willingness to working in different time zones

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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