Fund Administrator, Associate 2 recruitment

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment management, investment research and trading and investment servicing. With USD$21.5 trillion in assets under custody and administration and USD $2 trillion in assets under management at December 31, 2010*, State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Street’s website at www.statestreet.com.

* This AUM includes the assets of the SPDR Gold Trust (approx. $56 billion as of December 31, 2010), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors, serves as the marketing agent.

Operating in the United States since 1792, State Street services customers in multiple locations.  State Street is an equal opportunity and affirmative action employer.
    
Job Description
    
Responsible for preparing treasury tasks, including the fund's expense budget, monthly and quarterly financial information and testing the fund's compliance in accordance with IRS and SEC requirements.

1. Performs the following client functions:
     • Performs testing of the mutual fund's compliance in accordance with IRS and SEC requirements, using our exception-based compliance system.  Analyzes and researches compliance exceptions and presents suggestions to manager. Reviews fund prospectuses and determines whether any changes are required to compliance control documents.

     • Prepares the mutual fund's expense budget, using knowledge of client's expense structure and history.  Makes recommendations regarding budget changes to manager.

     • Maintains expense accruals and payment documentation, including periodic expense analysis, annual expense budget, expense roll forwards, and expense cap analysis.  Interacts with client with regard to questions on status of invoices and allocations and accrual rates.

     • Prepares Rule 24f-2 and Form N-SAR regulatory filings; research client questions using SEC filing instructions and internal procedures.  Coordinates obtaining data from other IBT departments.

     • Prepares monthly and quarterly financial information for fund management and Board of Directors.

     • Calculates fund performance; reviews performance for reasonableness.

     • Calculates periodic distributions and presents suggested distribution amounts to manager.

2. Complies with internal procedures and specified deadlines

3. Creates client calendars and manage timing of work flow and client deliverables.  Uses judgment to escalate any potential concerns about deadlines.

4. Maintains well-documented organized work papers and client files

5. Other special projects and tasks as assigned
    
Qualifications
    
BA/ BS Preferably in Finance, Economics or other business field
1+ years related financial services experience
Candidate must be detail oriented
Ability to work in a deadline oriented group with peak period workflow
    
Job ID: 50559

To apply to this position, follow the "apply now" link. To locate this position in our application page, please use the KEYWORD search functionality and insert either the State Street Job ID or the Location.