Company
State Street Bank & Trust CompanyLocation
USA-CA-SacramentoRemuneration
Commensurate with experiencePosition Type
PermanentEmployment type
Full timeUpdated
29-Oct-2013eFC Ref no
1286343
Our Company State Street Corporation
(NYSE: STT) is the world's leading provider of financial services to
institutional investors including investment servicing, investment
management and investment research and trading. With $25.74 trillion in
assets under custody and administration and $2.15 trillion in assets
under management as
Our Company
State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $25.74 trillion in assets under custody and administration and $2.15 trillion in assets under management as of June 30, 2013, State Street operates globally in more than 100 geographic markets and employs 29,225 worldwide. For more information, visit State Street's website at www.statestreet.com.
Promoting a culture of excellence
With more than 29,225 employees across 29 countries, at State Street, our people are our greatest asset. We recognize that highly skilled, engaged and productive employees are essential to our success. Our company values reflect our commitment to employee engagement, Global Inclusion and corporate social responsibility -- to help you build a fulfilling career. Around the world, we aim to be an employer of choice by offering competitive compensation and benefits, personal and professional development opportunities, and a work environment that promotes a diverse array of people, ideas and skills.
We're a company that insists on, and rewards, performance excellence. We know our success hinges on attracting the best people to join us -- people like you.
State Street supports flexible work arrangements where determined feasible, consistent with business and operational needs. Subject to an individualized assessment of theseconsiderations, roles may be identified as potentially suited for a flexible work arrangement. Requests for a flexible work arrangement can be made upon hire. All employees at State Street have the ability to request flexible work arrangements, with the final decision based solely on business discretion and subject to management approval. More information is available here.
We encourage you to explore the possibilities that a career at State Street can offer you.
State Street is an Affirmative Action/Equal Opportunity Employer. Applicants are considered for all positions without regard to race, color, religion, national origin, ancestry, ethnicity, age, disability, sexual orientation, gender, gender identity, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status or other characteristics protected by applicable law.
Support and assist Client Operations and other operational shared service teams/COE's by performing daily maintenance of accounting books and records of assigned regulated investment companies in conformity with Company policy as well as the rules, regulations and tax laws that apply. Ensure prompt follow up on exception situations and facilitate timely problem resolution to mitigate risk to the corporation and deliver excellent service to clients.
Overall Responsibilities
Accounting Specific Responsibilities
Money Market Accounting Specific Responsibilities
Security Valuation Specific Responsibilities
State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $25.74 trillion in assets under custody and administration and $2.15 trillion in assets under management as of June 30, 2013, State Street operates globally in more than 100 geographic markets and employs 29,225 worldwide. For more information, visit State Street's website at www.statestreet.com.
Promoting a culture of excellence
With more than 29,225 employees across 29 countries, at State Street, our people are our greatest asset. We recognize that highly skilled, engaged and productive employees are essential to our success. Our company values reflect our commitment to employee engagement, Global Inclusion and corporate social responsibility -- to help you build a fulfilling career. Around the world, we aim to be an employer of choice by offering competitive compensation and benefits, personal and professional development opportunities, and a work environment that promotes a diverse array of people, ideas and skills.
We're a company that insists on, and rewards, performance excellence. We know our success hinges on attracting the best people to join us -- people like you.
State Street supports flexible work arrangements where determined feasible, consistent with business and operational needs. Subject to an individualized assessment of theseconsiderations, roles may be identified as potentially suited for a flexible work arrangement. Requests for a flexible work arrangement can be made upon hire. All employees at State Street have the ability to request flexible work arrangements, with the final decision based solely on business discretion and subject to management approval. More information is available here.
We encourage you to explore the possibilities that a career at State Street can offer you.
State Street is an Affirmative Action/Equal Opportunity Employer. Applicants are considered for all positions without regard to race, color, religion, national origin, ancestry, ethnicity, age, disability, sexual orientation, gender, gender identity, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status or other characteristics protected by applicable law.
Support and assist Client Operations and other operational shared service teams/COE's by performing daily maintenance of accounting books and records of assigned regulated investment companies in conformity with Company policy as well as the rules, regulations and tax laws that apply. Ensure prompt follow up on exception situations and facilitate timely problem resolution to mitigate risk to the corporation and deliver excellent service to clients.
Overall Responsibilities
- Monitors, reviews and validates all daily work to ensure accurate timely calculations and processing
- Employee will be responsible for duties of Associate I if required
- Coordinates and supervises work efforts when multiple Associates are needed to complete work
- Works in conjunction with individuals on the team as well as other shared service teams/COE's, India and Client Operations to ensure seamless processing according to the fund's policies
- Supports the review and validation of fund Net Asset Values as needed
- Accounts for all activity an accurate and timely manner and maintains all required controls to ensure overall accuracy
- Supports the review and validation of data as needed
- Supports the preparation and review of monthly control books/audit packages and assists in timely and accurate resolution of discrepancies
- Supports the production of financial reports for shareholder, director and management reports, in an accurate and timely manner.
- Distributes information to Shared Service and Client Operations teams
- Supports training of new hires as necessary
- Remains familiar with back-up procedures when system applications and/or transmission problems arise
- Prepares and verifies information for various projects/special requests that arise
- Researches and resolves complex exceptions and issues. Elevates unresolved issues to management, as required
- Covers various supervisory functions when necessary
- Maintains records in support of audits
Accounting Specific Responsibilities
- Ensures accurate general ledger/and or trust account balance for daily pricing of portfolios or trust accounts
- Reconciles fund share transactions and resolves discrepancies with transfer agents and other shared service teams
- Populates, reviews and submits components of SEC Yield, as necessary
Money Market Accounting Specific Responsibilities
- Receives and resolves client inquiries in a timely and accurate manner
- Communicates effectively with client, when necessary
- Reconciles fund share transactions and resolves discrepancies with transfer agents and other shared service teams
- Ensures accurate general ledger/and or trust account balance for daily pricing of portfolios or trust accounts
Security Valuation Specific Responsibilities
- Conducts security research and verification ensuring maximum vendor coverage
- Retrieves and monitors availability of prices, indices, exchange rates, etc and process for designated portfolios
- Interacts with third parties as necessary; liaise with vendors to resolve price challenges
- Interacts with clients in a limited capacity for time critical issues during the pricing window as agreed to with Client Operations
- Bachelor's degree with business related coursework; degree in Accounting or Finance preferred
- At least 1 year of related fund accounting experience. Accounting, finance, mutual fund operations, loan operations, or related careers preferred
- Advanced computer proficiency in Microsoft Applications, especially Excel and Access
- Aptitude for math
- Strong interpersonal skills
- Strong oral communication skills
- Ability to multi-task
- Ability to work under pressure and within a deadline-oriented environment.
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