Alternative Ops Fund Accounting, Associate 2

Who we are looking for:

Oversee Structure Finance - Collateralized Loan Obligations (CLOs) and fund transactions to ensure that deals are in compliance with deal documents which include Waterfall Payment. Work with the Boston team to ensure seamless service and accurate and timely delivery of information.  Interact with the Boston team on a daily basis to address and resolve issues. 

An Associate II within STA is responsible for maintaining the daily operation of structured finance trusts.  Job duties include the development of skills in the areas of securities processing and review, compliance testing and data management and reconciliation. 

Why this role is important to us:

The team you will be joining is a part of State Street Global Delivery (GD). GD 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, GD 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 Associate 2 you will be:

• Responsible for updating, validating and reviewing the characteristics of securities held in a trust.

• Developing strong relationships with the Boston team by producing high quality work.

• Monitoring daily fund transactions to ensure accuracy of activity and liaise with fund groups when necessary.

• Comply with internal procedures and specified deadlines

• Leading dedicated activities to drive performance of the team

What we value:

These skills will help you succeed in this role:

• Collateral Loan Obligation, Structured Finance, Waterfall Payment, Securitization, ABS, MBS, CDO

• Knowledge of Loans in secondary market

• Excellent communication skills

• Problem solving

Education & Preferred Qualifications:

MBA in Finance/ Bachelor's degree or equivalent work experience with a focus in Accounting, Economics, Finance with 2+ years of experience in Loan Syndication or fixed income debt securities and knowledge in WSO (Wall Street Office) is added advantage Strong oral and written communications skills MS Excel skills Candidate must be detail oriented and able to work both independently and in group setting. Ability to work in a deadline oriented group with peak period workflow

Additional requirements:

Candidate must be detail oriented and able to work both independently and in group setting. Ability to work in a deadline oriented group with peak period workflow

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You'll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

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