GmbH Financial Reporting - Senior Associate, Luxembourg

Who we are looking for :

Under the supervision of the “Unit Head - Financial and Regulatory Reporting”, the Senior Associate will play a key management role when ensuring that quality deliverables are sent to our clients with UCITS, Alternative (Private equity/Real estate/Debt funds) and Hedged fund structures. Such deliverables are compiled by a local team that leverages a delegated service model with part of the functions outsourced to our Hubs (Poland and India). On one side, he/she will take directions from the senior team members and on the other, he/she will guide his/her Hub Financial Reporting team according to department and bank strategy.

In close relation with the other Fund Reporting Team Leads, he/she will ensure that the assigned client-base (incl. the related stakeholders Auditor, Translator, Printer, Regulator, etc.) is serviced according to best practice and market standards. This includes e.g. that new demands or specific projects are adequately reflected in the overall development queue of the department.

The ideal candidate will have a substantive expertise and knowledge of the fund industry, especially in the financial reporting area for Ucits and Alternative funds - both technical and operational – with a clear footprint and profound expertise in accounting and financial reporting around these regulated and unregulated structures (Lux GAAP, US GAAP, IFRS, Consolidation). He/she will be able to lead & drive the assigned team to service new and existing business demand. In such role he/she will take direction from the senior team members regarding e.g. the Bank’s strategy, changes to the regulatory framework and/or any related demand & projects, which he/she will translate into strong business solutions. Acting as a leader, he/she will manage the assigned client relationships and ensure service excellence especially by consistently looking for improve­ments and alternative solutions that would enhance the existing process chain (automation, set-up, scalability, 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.

In the role of Financial Reporting you will be responsible for:

• The Financial and Regulatory Reporting department is looking for a high potential individual to fill in the open position of “Senior Associate” within the “Financial Reporting” shared service area
• Under the supervision of the “Unit Head - Financial and Regulatory Reporting”, the Senior Associate will play a key management role when ensuring that quality deliverables are sent to our clients. Such deliverable are compiled by a local team that leverages a delegated service model with part of the functions outsourced to Poland. On one side, he/she will take directions from the Unit Head and on the other, he/she will guide his/her Financial Reporting team according to department and bank strategy.
• In close relation with the other Fund Reporting Team Leads, he/she will ensure that the assigned client-base (incl. the related stakeholders Auditor, Translator, Printer, Regulator, etc.) is serviced according best practice and market standards. This includes e.g. that new demand or specific projects are adequately reflected in the overall development queue of the department.
• The ideal candidate will have a strong knowledge of the fund industry - both technical and operational – with a clear footprint and profound expertise in accounting.
• He/she will be able to lead & drive the assigned team to service new and existing business demand. In such role he/she will take direction from the Unit Head regarding e.g. the Bank’s strategy, changes to the regulatory framework and/or any related demand & projects, which he/she will translate into strong business solutions.
• Acting as a leader, he/she will manage the assigned client relationships and ensure service excellence especially by consistently looking for improve­ments and alternative solutions that would enhance the existing process chain (automation, set-up, scalability, etc.).

To be successful in this role, your experience should include:

Education requirement:

• Master/Bachelor degree in (Fund) Accounting or Finance; chartered certified accountant e.g. with ACCA Qualification considered as an advantage
• Knowledge of Lux GAAP’s requirements, additional GAAP’s (US GAAP, IFRS, etc.) are considered as an advantage 

Industry experience:

• Minimum of 5 to 6 year experience in the fund business with a very good knowledge of fund accounting/industry, product knowledge regarding capital market, financial and derivative instruments, experience in using financial data providers (e. g. Bloomberg) 

Soft skills:

• Experience and excellence in managing people, good interpersonal and communication skills; client orientated; reliable and responsive; good organizational and analytical skills

PC skills:

• MS Office - Excel & Word mandatory; Access and Visual Basic considered as an advantage

Language skills:

• English mandatory, German considered as an advantage; French adding value

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.