Financial Reporting, Assistant Vice President at State Street Corporation - United States

Quincy, Massachusetts, United States -

Full Time

Start Date

Immediate

Expiry Date

07 Jun, 26

Salary

130000.0

Posted On

09 Mar, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

SEC Accounting Requirements, IRS Accounting Requirements, GAAP Accounting Requirements, Team Leadership, Client Management, Deliverable Oversight, Technology Improvement, Regulatory Implementation, Process Standardization, System Conversion, Relationship Management, Business Plan Execution, Risk Management, Critical Thinking, Problem Solving, Ethical Decision Making

Industry

Financial Services

Description

Who we are looking for As a Financial Reporting Assistant Vice President, the ideal candidate will need to have in depth knowledge of SEC, IRS and GAAP accounting requirements and laws as they apply to investment companies. You must be able to independently lead a global team and provide oversight. You must also be able to manage clients and oversee client deliverables while maintaining high quality. Additionally, you must be able to contribute to department wide initiatives including technology improvement. Why this role is important to us The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives 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, SSGS’ 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 a Financial Reporting Assistant Vice President you will Oversee client communication and implementation of new regulatory requirements/disclosures that impact the financial statements Oversee the implementation of all standard practices processes tools etc. and initiatives (ESP Re-Engineering) and technology enhancements (system conversion) Manage team to ensure proper oversight of JV (Syntel/HCL) Manage key relationships with client companies and regulatory and vendor organizations as applicable to ensure that requests are being met with a satisfactory level of service. Responsible for execution of overall business plan in assigned areas Manage conversions of new business plan for and review client specific agreements and internal policies Collaborate with operational teams globally to ensure consistent service delivery client solutions and client satisfaction Assess operational effectiveness and implement plans to streamline functions ensure optimal service environment and technology usage Manage team; provide coaching and development opportunities to staff make effective staffing recommendations. Responsible for the direction and training of subordinate managers and staff Assess impacts of regulatory changes Proactively manage risk at the business level Act in accordance with Rick Excellence and model ethical behavior and decision making Other duties as assigned What we value These skills will help you succeed in this role Strong critical thinking, problem solving, and decision-making skills Strong interpersonal skills and ethical decision making Ability to work in a team environment with emphasis on collaboration with both clients and other internal service teams Education & Preferred Qualifications Equivalent to a B.S. degree in Business Accounting or related field. CPA or MBA is preferred. Ten or more years of related management experience preferably with a public accounting audit firm or with a financial services organization. Knowledge of SEC, IRS and GAAP accounting requirements and laws as they apply to investment companies. 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. Discover more at StateStreet.com/careers Salary Range: $70,000 - $130,000 Annual The 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. Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans. For a full overview, visit https://hrportal.ehr.com/statestreet/Home. 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. Discover more information on jobs at StateStreet.com/careers Read our CEO Statement Job Application Disclosure: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability. 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. Discover more information on jobs at StateStreet.com/careers Read our CEO Statement

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Responsibilities

The Assistant Vice President will oversee client communication, manage the implementation of new regulatory requirements impacting financial statements, and ensure the execution of standard practices and technology enhancements. This role involves managing teams, overseeing joint venture operations, and maintaining key relationships with clients and vendors to ensure satisfactory service levels.