Senior Associate – GS Client Operations (Report & Accounts) 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 Kingdom since 1972, State Street services customers in multiple locations.
http://www.statestreet.co.uk
Purpose of Role:
Primarily responsible for the review of all components of interim and final accounts for a variety of UK Collective Investment funds.
Specific Duties:
- Exhibits highly detailed understanding and execution of all A1/A2 tasks and functions
- Assist with general organisation of team
- Cover for line manager during absence, on non staffing matters
- Set and maintain high standards within team
- Provide coaching and support to team members
- Ensure deadlines/deliverables are met
- Identify and implement process enhancements
- Ensure timely and accurate completion of team checklists and QC as required
- Work independently on highly complex issues/clients
- Regularly contribute to projects impacting the wider group
- Provide performance feedback to manager on staff
- Run or participate in client meetings/conf calls
- Demonstrates clear leadership potential and/or product expertise
- Actively participate in appraisal process by completing self appraisal and suggesting appropriate development goals
- Promote and implement training and development activity for individuals and the team
- Ensure effective logging and resolution of enquiries and liaise with appropriate parties to resolve / escalate queries and problems within agreed deadlines
- Ensure the line manager and others, as appropriate, are kept aware of all issues/problems/queries/work in progress that may impact the quality of service being provided
- Take responsibility for personal development and training
Accounts Specific:
- Prepare accounts in SORP format with supporting schedules
- Prepare corporation tax and income tax computations for insertion in the accounts and submission to Inland Revenue
- Proof read accounts for arithmetical and type setting accuracy and consistency Resolve review points highlighted by senior fund accountants and assistant manager and ensure they are kept informed of progress
- Provision of liaison point with auditors, trustees and clients and be able to explain figures prepared to third parties
- Control an accounts XD process to ensure accurate completion in accordance with timetable
- Review accounts in SORP format with supporting schedules
- Compile review points for fund accountants and ensure these are resolved in the correct manner
- Review and prepare corporation tax and income tax computations for insertion in the accounts and submission to Inland Revenue
- Involvement in day to day planning and control of accounts team workload
PERSON SPECIFICATION
Specific Qualifications / Skills:
- End to end understanding of fund administration including accounting and pricing Completion and review of financial statements (SORP) for all funds
- Demonstrate full understanding of accounting and taxation regulations and SORP for collective funds including currently impacting changes
- Ability to manage day to day workflow of senior and fund accountants
- Accountancy or business degree
- Studying toward professional qualification at final stage and/or IAQ qualification Relevant experience of accounting for unit trusts, OEIC’s or other collective investment schemes