Fund Accounting Unit Head, AVP recruitment

Please visit our career website at www.statestreet.com/careers , select “Job Opportunities”, select “Asia Pacific”,  enter keyword”54221”, uncheck “posted” and then search. Please send your application to this post.   All applications will be treated strictly confidential for recruitment purpose only.

Function Description

The State Street Global Services Fund Accounting Team provides a range of services to institutional asset managers based around the Asian region. Reporting to the Head of Fund Accounting, the Unit Head - Fund Accounting is primarily responsible for the management of all processes in place to deliver portfolio accounting related reports on a daily and / or monthly basis. These reports include daily Net Asset Values (NAVs), daily unit pricing and a month end accounting package. Management experience and a broad knowledge of fund accounting are required. The Unit Head – Fund Accounting is required to lead and champion continuous service improvement and operational efficiency across the fund accounting teams, and therefore proven change management and/or project management experience is desirable.

Responsibilities

Management of the timely accurate production of financial statements of accounts, NAVs and all related accounting reporting for a group of funds.

Management of two First Line Managers with around 15 Fund Accountants and Senior Fund Accountants together with the performance appraisals, objective-setting, coaching related responsibilities associated with staff management.

Communication with internal external State Street teams to ensure the activities of all relevant teams around the world are coordinated to ensure client deliverables are met. Communication also with Senior Management in respect of production activities under the control of the PM.

Operational performance and KPI monitoring, process flow analysis to seek opportunities for improvement in accuracy and efficiency.

Ownership of the operational controls of the department ensuring procedures are properly maintained adhered to.

Leadership day-to-day support of the First Line Managers. Provide a point of escalation for any operational issues that may arise.

Provide periodic updates on business progress to Senior Managers.

Represent Senior Management to the team and ensure corporate initiatives are implemented. 

Client servicing in terms of query management and project participation.

Essential skills / Experience

• Fluency in English and preferably also Mandarin

• University graduate with major in Finance/Accounting

• 6+ years fund accounting experience, at least 4 years in a management or supervisory role

• Thorough knowledge of security types and their accounting treatment

• Knowledge of the processes of a fund’s Custodian Bank Investment Manager

• Analytical with good problem-solving skills

• A tenacious approach to ensure adherence to approved procedures

• Ability to communicate effectively to clients internal management

• Committed approach with abilities to both work as part of a team and on own initiative

• Proven leadership and client management skills