State Street Bank & Trust Co.
Fund Accounting and Administration, Associate 2
State Street Bank & Trust Co., New York, New York, us, 10261
Who We Are Looking ForWe are looking for bright, enthusiastic and hard-working individuals with a keen interest in learning about and accounting for complex investment transactions and structures in a dynamic, challenging and fast-paced work environment. Your success will be facilitated by the leading-edge technology infrastructure supported by well-developed procedures and controls. We offer you a challenging career in a rapidly expanding international company with a professional, yet casual, work environment.Why this role is important to usThe team you will be joining is a part of our State Street Alternatives operation. We are a recognized industry-leading provider of fund accounting, fund administration and risk services to alternative investment fund managers. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements of institutional investors. Join us if making your mark in the financial services industry from day one is a challenge you are up for.What you will be responsible for
Complete the daily processing and monitoring of fund activities Prepare capital call and distribution calculations; related notices to investors
Prepare/Review periodic bank and cash reconciliations and post journal entriesPrepare quarterly management fee calculationsPreparation of waterfall calculations and capital account allocations
Prepare fund trial balances and supporting workpapers.Assist the quarter-end book closing processAssist in managing internal workflow to ensure internal processing and client deadlines are metWork with other services departments to resolve errors/issues or to reconcile discrepancies;
Establish and maintain good working relationships with internal clients and colleagues
Ensure all processes are in line with the SLA and escalate if necessaryParticipate in special client or internal projects as requiredAssist in new business setup and conversions;During the course of normal day to day operation, 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 proceduresEnsure standard procedures and controls are adhered to;Initiate, propose and implement improvements to enhance efficiencies and accuracy when see fit;Liaise with investment managers, auditors and banks;Ongoing personal education and development by attendance of State Street training sessions.
What we valueThese skills will help you succeed in this role
Excellent communication and interpersonal skillsTeam player and collaborativeStrong attention to detail and accuracy and organizedStrong analytical skills and proactive approach to problem solvingConfident, decisive, and energeticStrong work ethic - flexible, adaptable and ability to work within deadlinesCan-do attitude with high energySelf-motivated with a passion for learning and growth
Education & Preferred Qualifications
Must have a College diploma or university degree with concentration in Accounting, Finance or EconomicsWorking knowledge of Microsoft Excel/Word (knowledge of Bloomberg a plus)Overtime may be required
About State StreetWhat 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.Discover more at StateStreet.com/careersSalary Range:$43, 680 - $62, 400 AnnualThe range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
Minimum Salary: 43680.00 Maximum Salary: 62400.00 Salary Unit: Yearly
Complete the daily processing and monitoring of fund activities Prepare capital call and distribution calculations; related notices to investors
Prepare/Review periodic bank and cash reconciliations and post journal entriesPrepare quarterly management fee calculationsPreparation of waterfall calculations and capital account allocations
Prepare fund trial balances and supporting workpapers.Assist the quarter-end book closing processAssist in managing internal workflow to ensure internal processing and client deadlines are metWork with other services departments to resolve errors/issues or to reconcile discrepancies;
Establish and maintain good working relationships with internal clients and colleagues
Ensure all processes are in line with the SLA and escalate if necessaryParticipate in special client or internal projects as requiredAssist in new business setup and conversions;During the course of normal day to day operation, 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 proceduresEnsure standard procedures and controls are adhered to;Initiate, propose and implement improvements to enhance efficiencies and accuracy when see fit;Liaise with investment managers, auditors and banks;Ongoing personal education and development by attendance of State Street training sessions.
What we valueThese skills will help you succeed in this role
Excellent communication and interpersonal skillsTeam player and collaborativeStrong attention to detail and accuracy and organizedStrong analytical skills and proactive approach to problem solvingConfident, decisive, and energeticStrong work ethic - flexible, adaptable and ability to work within deadlinesCan-do attitude with high energySelf-motivated with a passion for learning and growth
Education & Preferred Qualifications
Must have a College diploma or university degree with concentration in Accounting, Finance or EconomicsWorking knowledge of Microsoft Excel/Word (knowledge of Bloomberg a plus)Overtime may be required
About State StreetWhat 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.Discover more at StateStreet.com/careersSalary Range:$43, 680 - $62, 400 AnnualThe range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
Minimum Salary: 43680.00 Maximum Salary: 62400.00 Salary Unit: Yearly