Investable Cash (Cash Availability, Forecasting and Sweep) - Associate 2
State Street · Posted Oct 10
Investment servicing, custody, asset management, and trading solutions for institutional investors
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About the role
The Investable Cash Team is part of State Street's Global Delivery organization, with Cash Availability and Sweep functions supported from Pune and Coimbatore for the US region. The team keeps track of client deliverables tied to timelines and KPIs, ensuring cash availability, forecasting and sweep/repo processing meet timeliness and accuracy standards. As an Associate 2 processor, this role covers cash availability forecasting, sweep account management, wire transfer processing, cash reconciliation and overdraft monitoring.
What you will do
- Cash Availability Forecasting: Analyze and predict cash inflows and outflows to ensure accurate forecasting and optimal liquidity management.
- Sweep Accounts Management: Manage sweep accounts to optimize cash concentration, minimize idle balances, and maximize investment opportunities.
- Wire Transfer Processing: Receive, verify, and process incoming and outgoing wire transfers, ensuring timely and accurate settlement.
- Cash Reconciliation: Reconcile cash positions across multiple accounts and systems to ensure accuracy and integrity.
- Monitor and manage overdrafts to minimize fees, ensure compliance with regulatory requirements.
- Process and verify cash deliveries, Day to day overdraft monitoring, money movements, Wire transfers including incoming and outgoing domestic and international payments.
Skills used in this role
What the employer is looking for
- Strong critical thinking, problem solving, and decision-making skills.
- Take ownership and accountability for daily self-review.
- Timely completion of assigned client deliverables.
- Graduation (Commerce) or related.
- Familiarity with using MCH, IMT, and similar tools is expected.
- Minimum 2 years of experience.
Benefits and support
- inclusive development opportunities
- flexible work-life support
- paid volunteer days
- vibrant employee networks
About State Street
State Street Corporation is a leading global financial services holding company providing institutional investors with investment servicing, investment management, and investment research and trading. Operating in more than 100 geographic markets worldwide, the company manages and administers trillions of dollars in assets through its core divisions like State Street Global Advisors and State Street Alpha. Headquartered in Boston, Massachusetts, it traces its origins back to 1792.
- Industry
- Financial Services
- Company size
- 51000+ employees
- Founded
- 1792-06-25
- Location
- Boston, Massachusetts, USA
- Funding stage
- Public Company
Leadership
Chairman and Chief Executive Officer
John Woods
Chief Financial Officer
Mostapha Tahiri
President of State Street Alpha & Chairman of Asia Pacific
Ann Fogarty
Enterprise Chief Operating Officer
President and Chief Executive Officer of State Street Investment Management
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