Financial Accounting and Distribution - Manager

Who we are looking for: Looking for professional who have good understanding about the Stock Lending, Investment banking, Cash management and Broker Billing process. 

Why this role is important to us: The team you will be joining is a part of State Street Global Markets (SSGM), The investment and divestment of all cash collateral, in state street’s Agent lending program is managed by the Financial Accounting and Distribution (FAD) team. The team is responsible to manage the cash forecasts to Investment managers, Settling the bills with brokers, process earnings out the cash investments to the clients. This process is dealing with clients and their money so the attention to the details and timely cash settlement is required.

What you will be responsible for: As Financial Accounting and Distribution - Manager, you will The SF Financial Accounting and Distribution ( Cash mgmt, Broker Billings and Client Earnings), Officer will be responsible for distributing Client and Agent Securities Lending Earnings for all regions and currencies globally.

Calculate and distribute Client and  Bank Earnings to meet the monthly deadline

Ensure that work is completed ‘on-time’ and accurately. All issues are identified & escalated in a timely fashion.

Assists the JV offshore team for complex and aged billing issues

Manages the collection of offline payments coordinated between trading and borrowers

Performs Earning DDAs daily reconciliation

Prepares monthly Cash final data to ensure Bank/Client earning, co-agent fee, management fee are accounted accurately.

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.

Participates on projects or committees within the department and/or with BU Shared Services, and Client Operations teams.

Ability to manage multiple tasks / priorities

Ability to work under pressure, working to deadlines and dealing with high volumes

Strong communication skills – written and verbal, with internal and external contacts

Should have good problem solving and people managing skills

Ability to remain organized, pay strict attention to detail, and meet critical deadlines within a high volume, fast-paced environment

Must be able to work in a fast paced environment

Detailed orientated with ability to consistently and accurately execute against operational controls

Ability to adapt to a changing environment and demands of transition of new clients 

Must possess strong communication skills with ability to participate in or lead conference calls and present financial results to financial and non-financial audiences at various levels of seniority

Pride of ownership with the ability to drive results within the Business

Solid business knowledge as it relates to the financial services industry 

Self-motivated, self-assured, and self-managed

Results oriented ownership mindset

Ability to multi-task and work under high pressure deadlines

What we value: These skills will help you succeed in this role: At least 10 years prior Financial Industry experience - of which, at least 8 year are in Global Markets within Earning and Billing management, Stock-loan or Stock-lending positions.

An ability to understand complicated workflow and reconciliation controls impacting up to 4 system or reporting platforms.

An ability to manage exceptions and remediate/escalate such items at point of discovery. 

Experience in a high volume Operations environment.

Proficient in Microsoft Office Applications (Excel, Access, Word and Power Point)

Strong client service, analytical, problem solving and communication skills

A broad understanding of Fund Accounting, Billings and CASH management functions.

Shift Timing : Login should be between 5.30 to 9.00PM IST.

Education & Preferred Qualifications: University degree in Business majoring in Accounting, Finance, or other Financial-related programs

Overall experience of 10+ years in Cash management , Broker billings or related work.

Stock lending experience is a must. (Pre or post-trade Settlement)

Secondary Skills (Good to Have) Good hands on experience in Excel and PowerPoint presentation

Excellent interpersonal, written, and verbal communication skills, with the ability to interface effectively with individuals at various levels, both internal and external

Analytical, with strong problem-solving abilities and creative resolution skills

Self-motivated, with the ability to work on multiple projects in a fast-paced environment

Comfortable presenting and pitching new ideas to senior management teams in large settings

Strong Analytical skill set 

Financial product and institution knowledge

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 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/careers

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider 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.

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