Financial Reporting, Officer

State Street•Boston, MA

About The Position

The Financial Reporting Officer works within State Street Global Services (SSGS), which provides financial tools and operations services to asset owners and managers. The role requires in-depth knowledge of SEC, IRS, and GAAP accounting requirements and laws as they apply to investment companies. The officer independently leads and oversees a global team, manages client relationships and deliverables, and maintains high-quality service. The role also contributes to department-wide initiatives, including technology improvements. The position oversees client communications and implementation of regulatory requirements and disclosures affecting financial statements; standard practices, processes, tools, and technology enhancements; and team oversight of joint-venture partners. It is responsible for business plans, new-business conversions, client agreements, operational effectiveness, risk management, and staff development. The officer collaborates with global operational teams to deliver consistent service and client satisfaction, and assesses regulatory changes and opportunities to streamline functions.

Requirements

Equivalent to a B.S. degree in business, accounting, or a related field.
Ten or more years of related management experience, preferably with a public accounting audit firm or financial services organization.
In-depth knowledge of SEC, IRS, and GAAP accounting requirements and laws as they apply to investment companies.
Ability to independently lead and provide oversight to a global team.
Ability to manage clients and oversee client deliverables while maintaining high quality.
Strong critical-thinking, problem-solving, and decision-making skills.
Strong interpersonal skills and ethical decision-making.
Ability to work collaboratively with clients and internal service teams.

Nice To Haves

CPA or MBA.
Related management experience with a public accounting audit firm or financial services organization.

Responsibilities

Oversee client communication and implementation of new regulatory requirements and disclosures that affect financial statements.
Oversee implementation of standard practices, processes, tools, initiatives, and technology enhancements, including system conversions.
Manage the team to ensure proper oversight of joint-venture partners, including Syntel and HCL.
Manage key relationships with client companies and, as applicable, regulatory and vendor organizations to ensure requests are met with satisfactory service.
Execute the overall business plan in assigned areas.
Manage new-business conversions; plan for and review client-specific agreements and internal policies.
Collaborate with global operational teams to ensure consistent service delivery, client solutions, and client satisfaction.
Assess operational effectiveness and implement plans to streamline functions and optimize the service environment and technology usage.
Manage the team, provide coaching and development opportunities, and make staffing recommendations.
Direct and train subordinate managers and staff.
Assess the impacts of regulatory changes.
Proactively manage business-level risk.
Act in accordance with Risk Excellence and model ethical behavior and decision-making.
Perform other duties as assigned.

Benefits

Retirement savings plan (401K) with company match.
Insurance coverage including basic life, medical, dental, vision, long-term disability, and optional additional coverages.
Paid time off, including vacation, sick leave, short-term disability, and family-care responsibilities.
Access to an Employee Assistance Program.
Incentive compensation, including eligibility for annual performance-based awards, with exclusions for certain sales roles.
Eligibility for certain tax-advantaged savings plans.
Inclusive development opportunities.
Flexible work-life support.
Paid volunteer days.
Employee networks.