Fund Accounting Oversight, Officer

State Street Corporation
London, United Kingdom
24 Jun 2022
24 Jul 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Who we are looking for
The Fund Accounting Officer is required to work in a client facing role within the State Streets daily accounting oversight department in London. As part of the daily role, the Fund Accounting Officer is acting in an oversight capacity, reviewing the Net Asset Values of the UK registered portfolios and Pricing. The role holder is expected to work with the State Streets Outsourced Service centers and Centers of excellence ensuring that client valuations are timely and accurate prior to release to the client.

Why this role is important to us
The team you will be joining is a part of State Street Global Delivery (SSGD). SSGD gives the asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGD' tools help our clients make better investment choices and act on growth opportunities.
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
As an Officer you will

  • Exhibit highly detailed understanding and execution of all Oversight tasks and functions such as NAV validation and dissemination.
  • Set and maintain high standards within the Accounting Oversight team.
  • Ensure NAV and reporting deadlines/deliverables are met with accuracy.
  • Co-ordinate other regular periodic deliverables to the client in line with SLA

  • Identify and implement process enhancements.
  • Ensure timely and accurate completion of team checklists and quality control as required .
  • Work independently on highly complex issues/clients.
  • Establish and maintain good working relationships with clients, third parties and colleagues, communicating effectively through formalised reporting and ad hoc liaison.
  • Regularly contribute to projects impacting the wider group.
  • Review complex client deliverables.
  • Manage cash and stock accounting vs custody reconciliations exceptions with regular reports to Senior Management.
  • Build strong relationships with COE's
  • Participate in shared service/client conference calls or meetings
  • Provide feedback on Shared Services/COEs and maintain issues logs
  • Provide technical expertise on the fund accounting issue or client queries. Be able to demonstrate strong working knowledge on the fund accounting principles.
  • Minimise errors/breaches with the aim of having none that result in a financial loss/claim to State Street or the Client

What we value
These skills will help you succeed in this role
  • Good fund accounting skills
  • Effective communicator
  • Ability to work in fast paced environment
  • Support the 'Risk Excellence' culture within the business
  • Technically competent in securities valuations and pricing
  • Understanding of Operational Risk and controls
  • Logical thinking and Problem solving
Education & Preferred Qualifications
  • Bachelor's Degree in Accounting or financial related discipline and / or work related experience in financial services or fund administration
  • 3-5 years worked related experience

About State Street
What 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 by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs 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 perspectives 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 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 programs 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.
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