Logo of Huzzle

Home

Matches

Explore

Manage

Fund Accounting - Associate 2

image

State Street

20d ago

  • Job
    Full-time
    Entry & Junior Level
  • Accounting & Tax
    Banking & Finance
  • Quick Apply

AI generated summary

  • You should have experience in trades settlement or fund accounting, excel proficiency, strong analytical skills, and a degree in accounting or finance. Night shift readiness is essential.
  • You will manage ETF operations, validate daily activities, process corporate actions, communicate with clients, update reference data, reconcile fees, and assist with ETF settlement orders.

Requirements

  • Prior experience in Trades settlement, corporate action or Fund Accounting preferred.
  • Knowledge of ETF products & Basket creations is an added advantage.
  • Willingness to work in night shift.
  • Excellent in verbal & written communication skills and excel skills.
  • Candidate should possess analytical skills & logical reasoning to resolve issues.
  • Novice to Competent with a Bachelor’s degree or equivalent work experience with a focus in Accounting, Finance, Technical or related field preferred.
  • Proficient with Microsoft Office Products (Excel, Word)
  • Excellent communication, organization, interpersonal planning, and analytical skills
  • Deadline and detail oriented

Responsibilities

  • Manage the day-to-day activities in ETF operations.
  • Reviewing and validating all daily activity to ensure accuracy and timeliness in ETF operations.
  • Maintain accuracy & timeliness in Portfolio Composition file & UCF dissemination post basket creation, ensure effective reviews and checks are performed beforehand.
  • Processing of Corporate Action on model ETF portfolios of optimized & replicated ETFs using Bloomberg and watchlist data from Index providers i.e., S&P, MSCI, FTSE, NASDAQ, Solactive, etc. & ensure these hit client Indexes.
  • Ensuring effective communication & Inquiry management with client/authorized participants keeping in mind client experience and best in class service.
  • Ensuring accurate forecasting of basket and coordination with other Internal stakeholders.
  • Reference data update for new funds, AP, client, fees, & reports, etc.
  • Perform periodic reconciliation to ensure accuracy of factor rates, variable fees, fixed fees & slippages fees.
  • Be a role model to follow all listed controls and procedures with no exceptions.
  • Assisting settlement of ETF creation & redemption orders and underlying basket shares, perform order revisions when needed.

FAQs

What is the primary responsibility of the Fund Accounting - Associate 2 role?

The primary responsibility includes managing day-to-day activities in ETF operations, reviewing and validating daily activity for accuracy and timeliness, and ensuring effective communication with clients and authorized participants.

What qualifications are preferred for this position?

A Bachelor’s degree or equivalent work experience in Accounting, Finance, Technical or related field is preferred, along with prior experience in trades settlement, corporate actions, or fund accounting.

Is knowledge of ETF products and basket creation necessary for this role?

While not required, knowledge of ETF products and basket creations is considered an advantage for candidates applying for this position.

What kind of skills are essential for this position?

Strong verbal and written communication skills, proficiency in Excel, analytical skills, logical reasoning abilities, and a detail-oriented mindset are essential for this role.

Will the Fund Accounting - Associate 2 role require working night shifts?

Yes, a willingness to work in night shifts is required for this position.

What type of environment does State Street promote for its employees?

State Street promotes an inclusive work environment with a focus on employee growth, offering competitive benefits, development programs, and a commitment to diversity and social responsibility.

Are there specific software skills required for this role?

Proficiency with Microsoft Office Products, particularly Excel and Word, is required.

Is there a focus on community engagement at State Street?

Yes, State Street values active engagement with communities and provides tools for employees to balance professional and personal life, including paid volunteer days and matching gift programs.

What can I expect from the benefits package at State Street?

The benefits package is competitive and comprehensive, including generous medical care, insurance, savings plans, and flexible work programs.

Does State Street have a commitment to diversity?

Yes, State Street is dedicated to creating an inclusive environment and actively welcomes candidates from diverse backgrounds and experiences.

image

State Street

We’re at the heart of financial services. And our clients are at the heart of everything we do.

Finance
Industry
10,001+
Employees
1792
Founded Year

Mission & Purpose

At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future.