Financial Reporting Officer

Job Description

Who we are looking for

As a Financial Reporting officer, 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 officer, 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.

Salary Range:

$55,000 - $88,750 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.

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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.