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

State Street•Boston, MA

19d•$110,000 - $188,750

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 role serves as a senior business authority and subject matter expert, representing accounting, operational, regulatory, and client needs across complex functional areas and strategic initiatives. It is a business-focused role, not a technical product owner role: accountability centers on business requirements, accounting logic, client outcomes, regulatory compliance, product strategy, and prioritization rather than system architecture or technical solution design. The Vice President ensures product capabilities and enhancements reflect insurance and investment accounting requirements, deliver client value, and remain fit for purpose and compliant. The role communicates product direction and measurable business outcomes, leads complex initiatives, and works with agile delivery teams and stakeholders across business and technology. It also contributes to investment decisions for complex, multi-year initiatives and longer-term product direction. Responsibilities include leading business analysis and functional design; defining accounting outcomes and reporting needs; translating requirements into epics, features, user stories, and acceptance criteria; and overseeing testing for accounting accuracy, control effectiveness, and business outcomes. The Product Owner manages dependencies and backlog priorities, supports roadmaps and modernization recommendations, and provides documentation, training, demonstrations, troubleshooting, and implementation or conversion support 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.
Strategic product leadership and ability to translate business objectives into clear product direction and priorities.
Strong problem-solving and decision-making skills, including informed decision-making 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.
Experience with AI tools and applying them to improve product development, analysis, and day-to-day business processes.

Responsibilities

Serve as a primary business authority for insurance accounting functionality and related reporting.
Communicate product direction and measurable business outcomes for assigned capabilities.
Lead complex product initiatives and enhancements spanning business processes, client segments, or delivery teams.
Engage clients and internal stakeholders to understand needs, priorities, and impacts.
Lead business analysis and functional design, creating business design documents and requirements.
Define accounting ledger entries, multi-cost basis behavior, and accounting outcomes for enhancements.
Establish reporting 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 delivery of enhancements 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, medical, dental, vision, long-term disability, and optional insurance coverage.
Paid time off, including vacation and sick leave, short-term disability, and family-care responsibilities.
Access to an Employee Assistance Program.
Eligibility for annual performance-based incentive awards, excluding 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.