Core Operations, Assc2

Details

Department/ Division:
Shared Services

Sub-Department Name:
Loans

Functional Job Title:
Associate 2

Reports To:
Team Leader

Job Location:
Bangalore/Hyderabad

Shift Type:
US Shift

Shift Timings:
8:30 AM ET to 5:00 PM ET /

6:00 PM IST to 3:00 AM IST

(Daylight changes applicable +/- 1 Hour)

Role:
Full Time

Company Overview

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 $28.40 trillion in assets under custody and administration and $2.48 trillion in assets under management as of June 30, 2014, State Street operates globally in more than 100 geographic markets and employs 29,420 worldwide. For more information, visit State Street's website at


Promoting a culture of excellence

With more than 29,420 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 is an Equal Opportunity Employer, and prohibits discrimination against applicants or employees on the basis of any legally protected characteristic.

Purpose of the Job

Roles and Responsibilities
- Performs daily maintenance and record keeping for Syndicated Bank Loans held in various Mutual Fund and other Structured portfolios for various SSC clients
- Processing trades, booking receipts and disbursements
- Daily reconciliation of cash balances
- Producing daily roll-forward proof of portfolio holdings and accrual information
- Preparing standard and ad hoc reporting for both internal and external customers
- Responding to customer queries on a daily basis
- Daily processing of bank loan notices as received from agent banks,
- Interact with the Investment Manager on their assigned portfolios, inputting/settling trades, performing ad hoc requests and providing daily reporting per client specific guidelines
- The individual will work closely with their mutual fund counterpart, providing Loan related reports to be incorporated into the final NAV Calculation.
- During the course of normal day to day operation, be 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
- Other tasks as needed.
- experience in accounting, finance, mutual fund operations, loan servicing or related careers (preferred).

Skill Sets (state “must to have” skill sets required to perform the day to day tasks) - (need more items under the dropdown list)

Mandatory Process Skills Sets:

- Fund Accounting
- Transaction Processing & Management.

Mandatory Soft & Technical Skill Sets:

- Excellent Communication Skills
- Problem Solving Skills

Education & Experience (State the minimum qualifications & experience required to successfully perform the job, qualifications that are necessary for someone to be considered for the position) - (should we have a drop down list for educational requirements?)

Education Requirements:
Experience Requirements:

- 3 Years’ experience in accounting, finance, mutual fund operations, loan servicing or related careers (preferred).

The above cited duties and responsibilities describe the general nature and level of work performed by people assigned to the job. They are not intended to be an exhaustive list of all the duties and responsibilities that an incumbent may be expected or asked to perform.