AIS Hedge Fund Accounting - Manager

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. State Street Corporation is an American global financial services and bank holding company headquartered at One Congress Street in Boston with operations worldwide. It is the second-oldest continually operating United States bank; its predecessor, Union Bank, was founded in 1792. State Street is ranked 14th on the list of largest banks in the United States by assets. It is one of the largest asset management companies in the world with US$3.7 trillion under management and US$40.0 trillion under custody and administration in 2023. It is the largest custodian bank in the world, providing securities services and it is considered a systemically important bank by the Financial Stability Board. Along with BlackRock and Vanguard, State Street is considered to be one of the Big Three index fund managers that dominate corporate America.

Job Description

Responsibilities:

• Assist Leads to drive effective output of team with given timeline
• Coordinating workflow, completing, and reviewing detailed tie-out NAV pack between two system, which includes:
• Review cash and position reconciliations, validate new system portfolio pricing
• Income and expense accrual in line with old system bookings
• Analyze State Street Hedge Fund Accounting and Operations business and technical requirements.
• Configure and automate products to optimize workflows.
• Manage time to maximize agenda and delivery of critical components.
• Execute on planned implementation tasks to maximize delivery satisfaction.
• Collaborate with and communicate project status to business team leads and Geneva project managers.
• Build conversion and system integration mapping tools
• Upload/migrate historical tax lots and other client portfolio data onto Geneva and ensure data integrity.
• Assist business teams in the reconciliation process, NAV calculation and reporting using Geneva

Requirement:

• Strong understanding of financial products.
• Strong knowledge on accounting system and NAV valuation E2E process. (IGLS is plus)
• Confident in produce conversion tie-out per established procedures for different clients. Due to the nature of this project, candidate will contribute to new process initialization and tool creation.
• Strong interpersonal skills and ability to communicate with NAV teams effectively to resolve any potential issues that might arise during conversion.
• Strong organizational skills to co-operate with other Geneva project stakeholders to address any technical issues
• Strong time management skills – ability to prioritize tasks and perform effectively within strict deadlines
• Strong team management skills – ability to implement internal controls with strong risk awareness to mitigate potential issues and prevent reoccurrence. Properly escalate to stake holders on a timely manner.
• Strong problem-solving skills – ability to address conversion related queries from internal and external and come up with the solution

Education:

• Bachelor’s degree or equivalent. Master’s degree a plus.
• 9 years + working experience in accounting / financial services related environment.
• Candidate with CFA, ACCA would a plus
• Candidate with Advent Geneva experience/Project management experience is preferable, but not necessary

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