Fund Accounting and Administration Product Owner - Insurance Accounting, Vice President

State Street•Boston, MA

18d

About The Position

State Street is seeking a senior business Product Owner for the Insurance Accounting product within its Fund Accounting and Administration platform. The Vice President serves as a senior business authority and subject matter expert, representing accounting, operational, regulatory, and client needs across complex functional areas and strategic initiatives. This is a business-focused product role, not a technical product owner position; it partners with technology and development teams but is accountable for business requirements, accounting logic, client outcomes, regulatory compliance, product strategy, and prioritization rather than system architecture or technical solution design. The role ensures product capabilities and enhancements reflect insurance and investment accounting requirements and deliver client value. It acts as the voice of the business, ensuring solutions are fit for purpose, compliant, and aligned with product strategy, while enabling effective delivery through agile development teams. The position drives alignment across business and technology stakeholders and supports investment decisions for complex, multi-year initiatives. The Product Owner leads complex product initiatives and enhancements, represents business needs in product direction and delivery, and oversees business analysis, functional design, requirements, testing oversight, and prioritization. The role also supports product roadmaps, modernization recommendations, documentation, training, client demonstrations, troubleshooting, onboarding, conversions, and implementations as needed.

Requirements

Bachelor’s degree in accounting or a related field.
At least 12 years of experience as a business Product Owner, product leader, or senior end user of insurance, fund accounting, or financial software; alternatively, at least 12 years as a senior business analyst, business Product Owner, or product leader supporting financial or accounting platforms.
Demonstrated experience leading complex product initiatives.
Strong experience with insurance accounting and/or investment accounting, including complex asset classes such as fixed income, derivatives, mortgage loans, or alternative investments.
Knowledge of inbound and outbound data flows across the investment lifecycle, such as trade processing, cash, and market data.
Experience leading within an agile software development environment as a business Product Owner, product leader, or senior business analyst.
Significant experience working directly with clients and other stakeholders.
Experience with AI tools and applying them to improve product development, analysis, and day-to-day business processes.
Strategic product leadership and ability to translate business objectives into product direction and priorities.
Strong problem-solving and decision-making skills, including making informed decisions in complex or ambiguous situations.
Deep analytical and research capabilities.
Sound accounting judgment and attention to financial details.
Ability to manage multiple priorities and initiatives simultaneously.
Clear and effective communication with a wide range of stakeholders.
Strong presentation and written communication skills.
Ability to build alignment and drive accountability across complex initiatives.
Excellent time management and organizational skills.
Proficiency with Microsoft tools such as Copilot, Teams, Excel, and PowerPoint.

Nice To Haves

Advanced degree, CPA, CFA, or relevant product experience.

Responsibilities

Serve as a primary business authority for insurance accounting functionality and related reporting.
Communicate product direction and measurable business outcomes for assigned product capabilities.
Lead complex product initiatives and enhancements spanning multiple business processes, client segments, or delivery teams.
Engage clients and internal stakeholders to understand needs, priorities, and impacts.
Lead business analysis and functional design efforts and create business design documents and requirements.
Define accounting ledger entries, multi-cost-basis behavior, and accounting outcomes for enhancements.
Establish reporting solution needs and ensure alignment with accounting, regulatory, and client requirements.
Translate business and accounting requirements into epics, features, user stories, and acceptance criteria.
Provide business use cases and functional testing scenarios.
Provide senior-level oversight of testing strategy and validate accounting accuracy, control effectiveness, and business outcomes.
Partner with product management, development, operations, client service, and other stakeholders to manage dependencies, resolve issues, and maintain an actionable backlog.
Assist with product roadmaps and longer-term functional direction, including modernization recommendations.
Oversee enhancement delivery through iterative planning, prioritizing business value and client impact.
Identify cross-product and data dependencies and drive alignment across accounting, reporting, operational, and client-facing capabilities.
Create and maintain user documentation.
Deliver training sessions and product demonstrations for internal teams and current or prospective clients.
Support software maintenance and client service teams with business-level troubleshooting.
Assist onboarding teams and clients with conversions and implementations as needed.

Benefits

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