State Street
Financial Services
Reconciliations,Associate2
“Reconciliations, Associate 2 at State Street. Skills: Reconciliation, Custody, Fund Accounting, investment accounting, asset classes, regulatory requirements. Ensuring all daily cash and security reconciliations are completed accurately. Reconcile portfolios and resolve all discrepancies in a timely manner”
What You'll Achieve.
Ensure accurate reconciliation of client portfolios vs custody / fund accounting accounting records; operationally support all Investment Management teams in their respective roles; Ensure all daily cash and security reconciliations are completed accurately; Resolve all discrepancies in a timely manner; Meeting all stated Service Level Expectations; Drive Reconciliation process excellence; Responsible for service delivery and client sentiment; Identify opportunities for process improvement and automation; Improving auto match and auto coding rate
Industry & Context.
problem resolution skills; critical thinking; problem solving; decision making skills; analytical and problem-solving skills
What They're Looking For.
Must Have
2 years’ Custody & Accounting experience on related investments
Nice to Have
MBA finance / B. com as an educational qualification, Knowledge of investment accounting, Master's degree or professional certification (CFA, CPA, etc. ) is a plus, 6-10 yrs. of experience in reconciliation operations within the Custody and Fund Accounting domain, Profound knowledge of multiple asset classes and their life cycles, analytical and problem-solving skills with attention to detail, Ability to adapt to a fast-paced, dynamic environment and manage multiple priorities effectively, Knowledge of relevant regulatory requirements and industry standards
What You'll Do.
Ensuring all daily cash and security reconciliations are completed accurately
Reconcile portfolios and resolve all discrepancies in a timely manner
Works on assignments or funds with minimal supervision
Maintains a working knowledge of relevant systems
Meeting all stated Service Level Expectations
Oversee and review Daily Reconciliation deliverables for responsible unit/client
Drive Reconciliation process excellence though proactive management of the exception lifecycle
Responsible for service delivery and client sentiment
including internal functional contact
Identify opportunities for process improvement and automation in reconciliation processes
contribute to the development and enhancement of reconciliation systems and tools
Improving auto match and auto coding rate through available Recon tool
Support a risk management and control environment
How You'll Work.
Team & Collaboration
Act as the liaison between portfolio management teams, custodians, brokers and clients; Acts as a team player/contributor; develop and manage relationships across the company and with a wide variety of partners, based on trust, teamwork, and knowledge; communication and presentation skills to audiences of different sizes and levels of seniority; Good team working skills
Communication Scope
written and verbal communication skills; communication and presentation skills to audiences of different sizes and levels of seniority
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