Uncovering the Ideal Candidate for the Alternative and Bank Loans Accounting Officer Role at State Street
In the dynamic world of finance, symbiosis between professionals and their respective roles is pivotal for the smooth functioning of the industry. State Street, a global leader in providing financial services to institutional investors, is seeking an individual who possesses the right combination of technical knowledge, problem-solving abilities, and interpersonal skills for the role of Alternative and Bank Loans Accounting Officer.
At State Street, the right candidate will have the opportunity to engage in a wide array of operational aspects, from front to back office flow, with a primary focus on syndicated bank loans and alternative investments. This role offers the chance to interact with various internal teams, custodian banks, and clients, with the goal of providing timely support and resolution of all inquiries.
Key Responsibilities of the Role
The new hire will be entrenched in a dynamic role that involves a multitude of responsibilities. This includes daily interaction with internal and external parties related to syndicated loan and alternative investment activity, post-trade settlement. The candidate will be accountable for managing a functional team’s daily service delivery and production activities.
As a primary contact and key escalation point for operational issues, the candidate will provide technical expertise to resolve daily problems. This will involve preparing and reviewing various standardized reports within the business unit related to accounting activities, resolving breaks related to cash, position, and accruals for investment manager’s accounts, and monitoring Corporate Actions and Amendments activity.
Additionally, the candidate will be responsible for communicating client account updates to custodians and counterparties, creating directives for cash transactions, taking ownership of issues and ensuring their resolution, and assisting the team in maintaining standard operating procedures. The role also requires training new hires and junior staff.
Education and Preferred Qualification
The ideal candidate for this role should hold a Bachelor’s degree, preferably in Finance, Economics, or Accounting. A minimum of 5 years of related experience in custody, fund accounting and/or trade processing is required, along with a thorough knowledge of financial securities markets, language and products, and legal and regulatory requirements.
Proficiency in MS Office Suite is paramount, and familiarity with VBA macros and Business Objects is a plus. The ability to prioritize workloads in a fast-paced trading-driven environment, strong interpersonal and communication skills, and proven critical thinking, technical, analytical, and organizational skills are other preferred qualifications.
Compensation and Benefits
The salary range for this role is between $70,000 and $122,500 annually, subject to the location of the candidate. State Street offers a comprehensive benefits program, which includes a retirement savings plan (401K) with company match; insurance coverage; paid-time off; access to our Employee Assistance Program; incentive compensation; and, eligibility for certain tax advantaged savings plans.
About State Street
State Street is a global leader in financial services, offering solutions to institutional investors worldwide. The company prides itself on fostering an environment where every employee feels valued and empowered, providing inclusive development opportunities, flexible work-life support, and vibrant employee networks.
As an Equal Opportunity Employer, State Street considers all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
For more information on this job opportunity, please visit Here.
