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State Street Corporation (NYSE: STT) is the world′s leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $27.43 trillion in assets under custody and administration and $2.35 trillion in assets under management as of December 31, 2013, State Street operates globally in more than 100 geographic markets and employs 29,430 worldwide. For more information, visit State Street′s website at http://www.statestreet.com/.

 

Promoting a culture of excellence

 

With more than 29,430 employees across 29 countries, at State Street, our people are our greatest asset. We recognize that highly skilled, engaged and productive employees are essential to our success. Our company values reflect our commitment to employee engagement, Global Inclusion and corporate social responsibility — to help you build a fulfilling career. Around the world, we aim to be an employer of choice by offering competitive compensation and benefits, personal and professional development opportunities, and a work environment that promotes a diverse array of people, ideas and skills.

 

We′re a company that insists on, and rewards, performance excellence. We know our success hinges on attracting the best people to join us — people like you.

 

State Street supports flexible work arrangements where determined feasible, consistent with business and operational needs.  Subject to an individualized assessment of these considerations, roles may be identified as potentially suited for a flexible work arrangement.  Requests for a flexible work arrangement can be made upon hire.  All employees at State Street have the ability to request flexible work arrangements, with the final decision based solely on business discretion and subject to management approval.  More information is availablehere.

 

We encourage you to explore the possibilities that a career at State Street can offer you.

 

State Street is committed to embracing diversity and inclusion in the workplace.

 

Job Description

Purpose Of Role :

 

Pricing role within Client Operations

 

Fund Accountants are responsible for reviewing the production of accurate valuations and associated deliverables to meet client and publication deadlines.

 

Specific Duties :

 

Daily/Monthly Deliverables :

 

Daily pricing and review of a number of funds using State Street in house systems and Excel.

Daily validation of all purchases, sales, corporate actions and income events. 

Preparation and review of cash and stock reconciliations, also reconciliations of expenses, interest, dividends and withholding tax.

Preparation of yield calculations. 

Preparation of monthly Trustee reconciliations and updating monthly trustee discrepancy letters.

Preparation of monthly income distributions.

Responding to queries from trustees, custodians and clients.

To ensure that all events (trades, income, expenses, etc.) are updated within the general ledger accurately and in a timely manner.

To research breached tolerances and provide adequate explanations and backup where appropriate

Responsibility to raise to a senior any tolerances that have been breached where no explanation can be found

Identify and implement process and product improvements, documenting where necessary.

Work with the Team Leader to prepare appropriate contingency plans for work of the team and be aware of team’s role in the Business Continuity Plan.

Ensure adherence to all departmental and companywide procedural guidelines (e.g. timekeeping, dress, and holiday cover)

Maintain up to date procedures and client deliverable details.

Undertake, where necessary, the tasks of an Administrator.

Communication :

 

Communicating effectively with colleagues through formalised reporting and liaison on ad hoc matters

Ensure effective logging and resolution of enquiries and liaise with appropriate parties to resolve/ escalate queries / problems within agreed timescales.

Ensure the line manager and others, as appropriate, are kept aware of all issues/problems/queries/work in progress that may impact upon the quality of service being given.

Administration :

 

Undertake appropriate housekeeping duties e.g. filing and operation of clean desk policy.

Training and Personal Development :

 

Take responsibility for personal development and training.

Work with the Line Manager to identify objectives at the start of each year and keep them up to date.

Actively participate in the appraisal process by completing a self-evaluation and suggesting appropriate development.

 Other :

 

Involvement in departmental ad-hoc projects.

Make recommendations for changes to processes and procedures and prepare documentation for review as required

Qualifications

  

 

Specific Qualifications / Skills :

 

Experience of working in fund accounting or similar environment is preferred

Good understanding of fund accounting and/or pricing process.

An excellent understanding of accounting principles.

An excellent understanding of financial markets and financial instruments.

MCH knowledge preferred

A good working knowledge of MS Excel.

High numeric/analytical ability and attention to detail.

Good interpersonal and communication skills

Ability to cope with a steep learning curve and take a proactive approach to learning.

Advanced organisation skills and ability to work in a pressurised, deadline-driven environment absolutely essential.

 Level Of Education :

 

B.Com. / B. Bus. Sci. or equivalent

Previous Level Of Experience :

 

Previous experience of daily pricing

Talent Differentiators :

 

Leverage Talent

Collaborate for Results

Job Opening ID

 

 

98116

Location

 

 

South Africa