Insurance Fund Accounting - Vice President 2
State Street
Job Description : VP – Fund Accounting
Account for the day-to-day management of a functional/oversight team(s) and manage daily service delivery and production activities performed by staff. Work in conjunction with individuals on the team as well as other Shared Service teams/COE’s, outsource locations, Client Operations and other business units to ensure seamless processing according to the fund’s policies, to ensure NAV/yield accuracy and that all SLAs are met. As well as Work collaboratively with teams and management across the organization on various projects, oversight, committees, KPIs, etc.
Role Specifics
- Lead accounting function, manage client experience and operational delivery. The role is based in India and responsible for implementing strategy and managing delivery.
- Ensure timeliness and accuracy across business.
- Act as command and control across Team to drive operational effectiveness, establishing a core competency for conversions across sectors and regions.
- Working with the COO and Executive team to explore, create, direct, manage and achieve agreed business objectives, including driving revenue and profit growth.
- Actively manage executive global stakeholders across Global HUBS, Global Delivery and Global Services
- Drive innovation, transformation and productivity, not only in India but globally across the delivery organization.
- Develop and lead a large team, fostering high performance and creating a destination for top talent.
- During the course of normal day to day operations, responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures.
- Assess impacts of regulatory changes.
- Identify and implement consistent operational best practices.
- Coordinate the implementation of new funds, systems and processes as well as assists with client conversions and other client projects.
- Serve on committees and help define and implement new company initiatives.
Skills/Competency parameter differentiators:
- Result-oriented with an ownership and accountability mindset
- Commercial acumen - Understanding of cost/budgets Lead/drive the same.
- Drive pays for performance and culture of performance differentiation.
- Taking accountability of end-to-end outcomes as an enterprise, collaborating across functions/business and locations
- Executive presence, managing with influence and effective communication across stakeholder groups both regionally and globally.
- Embed risk excellence culture across the teams.
- Encourage and drive a culture of change and ideation.
Individual Contributor :
- Display a culture of individual ownership of tasks to embed a clear individual sense of accountability in performing the role.
- Ensure that the highest level of the Code of Conduct is displayed in your behavior.
- Provide appropriate management information as required to support business unit decision making.
- Support the ‘Risk Excellence’ culture within the business.
- Adhere to limits of delegation and escalation procedures required by your manager so that you comply with internal policies and external regulation.
Mandatory Skill Sets:
- Candidates must have a college degree (accounting degree strongly preferred; business, finance or economics degree required) and 10 or more years of previous accounting and/or financial service operations experience.
- Candidates must possess solid business unit management experience on complex clients requiring a high level of client interaction.
- MBA and/or CP/ACCA are a plus.
- Knowledge of Fund structures, designs & hierarchies, standalone funds, master-feeder funds, and the role of each entity in the fund structure
- Knowledge of / experience with fund accounting technology, such as Invest One, Geneva, etc.
- Knowledge of upstream and downstream technology solutions to drive more automation levels in servicing complex fund structures is a plus.
Additional Skill Sets:
- Ability to lead large teams across multiple locations/+managing teams virtually.
- Strong problem solving and analytical skills.
- An ability to be a leader within their team, as well as be a leader amongst your peers.
- Strong communication, interpersonal, and organizational skills, which includes excellent time management and prioritization skills.
- Ability to communicate with various internal teams to resolve inquiries and understanding when to escalate.
- Lead by example and hold team accountable to culture traits.
- Candidates must demonstrate initiative, be able to perform well under pressure, and simultaneously handle multiple assignments and to work efficiently to meet client deliverables.
- Ability to identify and present cross-sell opportunities, excellent influencing skills.
- Strong Executive presence
- Ability to lead, influence & drive solutions & outcomes on Client calls.
- Ability to work with cross functional teams and Technology to influence & drive business outcomes.
- Ability to understand costs/budgets and manage too.
Level of Education/ Specific Qualifications
- Bachelor’s degree in commerce / economics with a specialization in Business, Accounting, Finance or equivalent experience preferred.
- Overall, 20 years or relevant experience, part of which must have been in a management or supervisory capacity.
- Proficient in the working knowledge of Equity and Fixed Income Securities and derivative products
- Understanding of operational functions within custody and / or Fund Accounting. Ability to provide technical expertise to resolve daily problems.
- Should have worked directly with clients and counterparties in a global context.
- Should have led operations at a global level, across countries & regions.
- Should have experience of end-to-end ownership of operations, with direct accountability on business, client and risk metrics (including losses)
- Demonstrated leadership beyond operations, working with Risk, Technology, Automation and Change groups to drive BAU and transformation.
- Experience in global locations is desired.
- Proven leadership skills as well as managing and developing a high performing operation team.
- Proven track record of achieving/exceeding financial goals through expense discipline and headcount management, experience on investment decisions is desired.
- Proven ability to generate innovation ideas, manage project pipeline and transform businesses.
- Demonstrated ability to manage, coach and influence colleagues and virtual team members.
- Ability to work within a collaborative environment to achieve results.
- Should be open to work in North American shift hours as needed by the business.
- Location: Hyderabad/Bangalore/Pune/Coimbatore/Chennai/Mumbai – North America Shifts/ EMEA Shifts