17 Feb

Iis Insurance Associate - Bangalore - State Street

Iis Insurance Associate
State Street
Bangalore KA
17 Feb, 2017 30+ days ago

State Street as the company that open the jobs vacancy, have some qualification and spesification especially for the Iis Insurance Associate jobs vacancy. To find out more information and about qualification and spesification details, walkin interview schedule, the address of the company, the company contact info (email/phone number) of State Street company, please start to apply for the job vacancy with fill the jobs application with click the 'Apply This Job' button below.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
Our promise to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. It’s also part of our commitment to inclusion, development and engagement, and corporate social responsibility. You’ll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us.

Job Description

Overall Responsibilities

Monitors, reviews and validates all daily work to ensure accurate timely calculations and processing
Employee will be responsible for duties of Associate I if required
Coordinates and supervises work efforts when multiple Associates are needed to complete work
Works in conjunction with individuals on the team as well as other shared service teams/COE’s, India and Client Operations to ensure seamless processing according to the fund’s policies
Supports the review and validation of fund Net Asset Values as needed
Accounts for all activity an accurate and timely manner and maintains all required controls to ensure overall accuracy
Supports the review and validation of data as needed
Supports the preparation and review of monthly control books/audit packages and assists in timely and accurate resolution of discrepancies
Supports the production of financial reports for shareholder, director and management reports, in an accurate and timely manner.
Distributes information to Shared Service and Client Operations teams
Supports training of new hires as necessary
Remains familiar with back-up procedures when system applications and/or transmission problems arise
Prepares and verifies information for various projects/special requests that arise
Researches and resolves complex exceptions and issues. Elevates unresolved issues to management, as required
Covers various supervisory functions when necessary
Maintains records in support of audits
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.

Accounting Specific Responsibilities:
Ensures accurate general ledger/and or trust account balance for daily pricing of portfolios or trust accounts
Reconciles fund share transactions and resolves discrepancies with transfer agents and other shared service teams
Populates, reviews and submits components of SEC Yield, as necessary

Money Market Accounting Specific Responsibilities
Receives and resolves client inquiries in a timely and accurate manner
Communicates effectively with client, when necessary
Reconciles fund share transactions and resolves discrepancies with transfer agents and other shared service teams
Ensures accurate general ledger/and or trust account balance for daily pricing of portfolios or trust accounts

Security Valuation Specific Responsibilities:
Conducts security research and verification ensuring maximum vendor coverage
Retrieves and monitors availability of prices, indices, exchange rates, etc and process for designated portfolios
Interacts with third parties as necessary; liaise with vendors to resolve price challenges
Interacts with clients in a limited capacity for time critical issues during the pricing window as agreed to with Client Operations


Bachelor’s degree with business related coursework or B.S. degree in Accounting or Finance preferred.
Minimum 1 year related custody and/ or fund accounting experience, accounting, finance, mutual fund operation, loan operations or related careers preferred.
Strong computer competence (Microsoft Applications: Word, Excel)
Aptitude for math
Strong interpersonal skills
Strong oral communication skills
Ability to multi-task
Ability to work under pressure, and within a deadline oriented environment

Job Opening ID

State Street Job ID: 150577


Location: Hyderabad

Closing Statement

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.

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