Asset Owner - Fund Accounting - Manager
State Street · Posted Oct 17
Investment servicing, custody, asset management, and trading solutions for institutional investors
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About the role
The role sits within State Street's fund accounting function, where teams deliver day-to-day fund servicing and production activities in partnership with shared service teams, COEs, outsource locations and Client Operations. The work centers on NAV/yield accuracy, SLA and SOP compliance, risk and control oversight, and operational reporting for funds. This Manager position leads a functional/oversight team, manages daily service delivery, drives workflow and automation improvements, and handles performance reviews, hiring input and client-facing relationships.
What you will do
- Oversees the activities of staff by working closely with direct reports.
- Manages the day-to-day activities and controls to ensure consistency of policies adherence to procedures.
- Manages and facilitates timely resolution of issues.
- Proposes and works to implement workflow changes and supporting technical solutions leading to improved productivity and profitability.
- Keeps abreast of regulatory compliance and developments for the assigned area and apprises staff as necessary.
- Identifies and analyzes operations risks related to current and potential business and recommends procedural changes and controls as needed
- Creates and uses quality service measurement tools to ensure compliance with operational standards with SLAs and SOPs and create management reporting as needed
- Coordinates and manages projects within the department and/or with BU Shared Services, COEs and Client Operations teams.
- During the course of normal day-to-day operation, responsible for identifying any unusual or potentially suspicious transaction activity and reporting and/or escalating in accordance with corporate policy and guidelines detailed in relevant operating procedures.
- Conducts periodic performance reviews; provides ongoing counsel, training, development and motivation of staff.
- Participates in the hiring, salary, promotional and termination recommendation process
Skills used in this role
What the employer is looking for
- Result-oriented with an ownership and accountability mindset
- Drive pay for performance and culture of performance differentiation
- Executive presence, managing with influence and effective communication across stakeholder groups both regionally and globally
- Embed risk excellence culture across the teams
- Encourage and drive a culture of change and ideation
- Client focus: – Act as a focal point of contact to maintain strong client relationship; actively participate in client meetings, and ensure team responds to client inquiries.
- 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
- Accounting background is preferred
- 5+ years’ experience in Fund Accounting
- Big four/ fund house / accounting firm work experience is preferred CPA/ ACCA a plus
- Experience of leading automation initiatives
- Demonstrates strong risk and control achievements
- Good understanding of financial services and investment products.
- Strong attention to detail and a focus on service.
- 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.
- Strong English and communication skills
- Strong problem solving and analytical skills
- Detail-oriented, owner’s mindset, logical thinking
- Sense of responsibility and team work are required
- Effective communication, organizational and negotiation skills
Preferred qualifications
- Graduate degree in Business, Accounting, Finance or equivalent experience preferred
- 8+ years of experience in related accounting or finance field preferred
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
Recent coverage
State Street Corporation
State Street Corporation Reports Third-Quarter 2026 Financial Results2026-10-14
Boston Business Journal
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Seeking Alpha
State Street expects 2026 fee revenue growth of 13%-14% and NII growth of 15%-16%2026-10-14
Business Wire
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