Alternative and Bank Loans Accounting, Officer

State Street • Irvine, CA

18d • $60,000 - $90,000

About The Position

The candidate will be responsible for researching and resolving complex operational issues while demonstrating teamwork and the willingness to take on special assignments. The candidate will engage in operational aspects concerning the front to back office flow with a primary focus on syndicated bank loans and alternative investments. The role involves daily interaction with various internal teams, custodian banks, and clients with the overall goal of providing timely support and resolution of all inquiries. Interacts with internal and external parties related to syndicated loan and alternative investment activity, post-trade settlement. Accounts for the day-to-day management of a functional team and manages daily service delivery and production activities performed by staff. Acts as primary contact and key escalation point for operational issues and provides technical expertise to resolve daily problems. Prepares and reviews various standardized reports within the business unit related to accounting activities. Works to resolve breaks related to cash, position, and accruals for investment manager’s accounts. Monitors Corporate Actions and Amendments activity to ensure subsequent votes are recorded and processed accurately. Communicates client account updates to custodians and counterparties. Creates directives to instruct cash and processes transactions accordingly. Identifies and takes ownership of issues. Ensures problem resolution is well-documented and communicated to the appropriate parties. Acts as a resource within the assigned business unit to resolve complex or non-routine processing related questions/issues. Responds to all inquiries timely and accurately. Assists team with creating, updating and maintaining standard operating procedures. Trains new hires and more junior staff.

Requirements

• Bachelor’s degree with business related coursework or equivalent
• Minimum 5 year of related experience in custody, fund accounting and/or trade processing
• Knowledge of financial securities markets, language and products, as well as legal and regulatory requirements
• Strong working knowledge of MS Office Suite, including Word, Excel, Outlook and PowerPoint
• Proven critical thinking, technical, analytical, time management and organizational skills
• Ability to prioritize workloads under tight deadlines in a very fast-paced trading-driven environment
• Strong interpersonal and communication skills in both verbal and written forms

Nice To Haves

• B.S. in Finance, Economics, or Accounting preferred
• Knowledge of VBA macros and Business Objects is a plus

Responsibilities

• Researching and resolving complex operational issues
• Engaging in operational aspects concerning the front to back office flow with a primary focus on syndicated bank loans and alternative investments
• Daily interaction with various internal teams, custodian banks, and clients with the overall goal of providing timely support and resolution of all inquiries
• Interacting with internal and external parties related to syndicated loan and alternative investment activity, post-trade settlement
• Accounting for the day-to-day management of a functional team and manages daily service delivery and production activities performed by staff
• Acting as primary contact and key escalation point for operational issues and provides technical expertise to resolve daily problems
• Preparing and reviewing various standardized reports within the business unit related to accounting activities
• Working to resolve breaks related to cash, position, and accruals for investment manager’s accounts
• Monitoring Corporate Actions and Amendments activity to ensure subsequent votes are recorded and processed accurately
• Communicating client account updates to custodians and counterparties
• Creating directives to instruct cash and processes transactions accordingly
• Identifying and taking ownership of issues
• Ensuring problem resolution is well-documented and communicated to the appropriate parties
• Acting as a resource within the assigned business unit to resolve complex or non-routine processing related questions/issues
• Responding to all inquiries timely and accurately
• Assisting team with creating, updating and maintaining standard operating procedures
• Training new hires and more junior staff

Benefits

• Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees