Asset Owner - Fund Accounting - Team Lead
State Street · Posted Oct 17
Investment servicing, custody, asset management, and trading solutions for institutional investors
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About the role
State Street is one of the largest custodian banks, asset managers and asset intelligence companies, providing investment servicing, data & analytics, investment research & trading and investment management to institutional clients. The Fund Accounting team works with Shared Services/COEs, outsource partners and Client Operations to ensure seamless processing according to the fund's policies, NAV/yield accuracy and SLA adherence. This Senior Associate/Team Lead role manages the day-to-day activities of a functional/oversight team, resolves exceptions and discrepancies, maintains controls and reporting, and trains, develops and appraises staff.
What you will do
- Manage the day-to-day activities of a functional/oversight team by monitoring, reviewing and validating all daily activity to ensure accuracy and timeliness in calculations and processing, as well as adherence to controls, e.g. ensuring accurate g/l and/or balance for daily pricing
- Provide timely accurate management reporting and issue log maintenance, under moderate supervision
- Research and resolve exceptions and issues
- Escalate unresolved issues to management as required
- Reconcile and resolve discrepancies with other Shared Service teams, external clients and Client Operations as needed
- Ensure all inquiries are resolved in a timely and accurate manner and communicates effectively with client when necessary
- Ensure appropriate records of daily and monthly activities are kept
- Coordinate effective and timely flow of critical information to all relevant parties and follows up on administrative details within the department
- Oversee the adherence to Standard Operating Procedures
- Maintain knowledge of current alternative procedures and processes
- Assist with workflow management and technology enhancement, make suggestions to streamline operations
- Document any updates or changes to formal procedures, databases, etc.
- Participate in projects as well as prepare and verify information for those various projects/special requests as directed
- Train, develop and motivate new staff and complete performance appraisals
- Provide staffing recommendations by interviewing new personnel
- Coordinate and supervise work efforts when multiple Associates are needed to complete work
- Provide coaching and development opportunities to staff, participate in individual on-going training and development
- Has accountability and responsibility for completing and delivering PPRs on time
- Make effective recommendations to hire, discipline, control work and terminate employment
- Make effective recommendations for promotions, salary increases and bonuses.
- During the course of normal day to day operations, 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.
- Perform duties of Associates if required, perform other duties as assigned.
Skills used in this role
What the employer is looking for
- Client focus: – Act as a focal point of contact to maintain strong client relationship; actively participate in internal and client meetings. Respond to client queries.
- Leadership Focus – Leverage experience and technical expertise to support peers globally by providing guidance and training, and fully support and participate in all aspects of employee engagement.
- Operational Efficiency Focus: Actively participate in an efficient and effective global operating model, collaborating with peers globally, and using standard technology, best practices, and optimal functions.
- Performance Focus: Provide excellent service to clients through a results-oriented mindset
- Quality & Risk Focus: Understand and minimize risk through adhering to standard and client specific operating procedures and through broad participation in the global training program. Focus on qualitative work, attention to detail with a thorough understanding of business impact and ways to minimize risk
- Good understanding of financial services and investment products
- Excellent Communication Skills
- Problem Solving & Analytical Skills
- Ability to work on MS Office (Excel, Word and PPT)
- Good understanding of financial services and investment products.
- Strong attention to detail and a focus on service.
- Strong written and verbal communication skills.
- Ability to prioritize multiple responsibilities to meet internal and industry deadlines.
- Ability to perform under pressure and manage high volumes.
- Committed to learn technical aspects of each deliverable.
- Ability to communicate with various internal teams to resolve queries and escalate accordingly.
- Strong communication, interpersonal, organizational, and time management skills.
- Demonstrates an ability to be a leader within their team, as well as be a leader amongst your peers.
Preferred qualifications
- Graduate degree in Business, Accounting, Finance or equivalent experience preferred
- 4+ years of experience in related accounting or finance field preferred
- Should be comfortable working in North America Shifts
Benefits and support
- generous medical care
- insurance and savings plans
- flexible Work Program
- wealth of development programs and educational support
- flexible work-life support
- paid volunteer days
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
Recent coverage
State Street Corporation
State Street Corporation Reports Third-Quarter 2026 Financial Results2026-10-14
Boston Business Journal
State Street returns to wealth advisory sector, targets digital assets2026-10-14
Seeking Alpha
State Street expects 2026 fee revenue growth of 13%-14% and NII growth of 15%-16%2026-10-14
Business Wire
State Street Elects Alexander Vollert to Its Board of Directors2026-10-14