State Street - KCTV5


At State Street, we know that smart, skilled, productive employees are essential to our company’s continued success. As a leading provider of financial services, with operations in 29 countries and more than 29,000 employees worldwide, we work hard to provide an environment where every employee feels engaged, valued, and well-equipped to reach their full potential.

Promoting a culture of excellence
Our people are our most valuable - and valued - resource. That’s why we focus on Employee Engagement, Development, and Global Inclusion. We’re a company that insists on - and recognizes - exceptional performance. We know our success hinges on the critical task of attracting the best people to join us. People like you.

No matter where around the world our employees are located, we are united by a common goal: to add value by collaborating strategically with all of the groups we serve - clients, shareholders, fellow employees and the communities where we live and work. By treating our employees with respect and providing opportunities to fulfill personal and professional goals, we’ve created a diverse, high-performance culture of excellence.

State Street is an Affirmative Action/Equal Opportunity Employer. Applicants are considered for all positions without regard to race, color, religion, national origin, ancestry, ethnicity, age, disability, sexual orientation, gender, gender identity, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status or other characteristics protected by applicable law.

For more information on a State Street career, click here.

We are currently hiring in Kansas City for the following positions:

Entry Level Accounting Specialist, Associate 1

Job Description:
As an Accounting/Pricing Specialist, Associate 1, you will interact internally with global Centers of Excellence, Client Operations teams, business unit Shared Service teams and Joint Venture operations teams to complete applicable day-to-day activities, relating to the overall processing for assigned clients and portfolios.

Overall Responsibilities:
  • Reviews and validates all daily activity in an accurate and timely manner, and maintains all required controls to ensure overall accuracy
  • Calculates and processes fund activities
  • Works in conjunction with individuals on the team as well as other shared services/COEs, India and Client Operations to ensure seamless processing according to the fund’s policies
  • Supports the production of fund Net Asset Values
  • Supports the research and resolution process for exceptions and inquiries
  • Provides information needed to prepare financial statements and reports for client, shareholder, director and management reports, in an accurate and timely manner
  • Prepares proofs as needed
  • Reviews corporate actions
  • Remains familiar with back-up procedures when system applications and/or transmission problems arise
  • Maintains records in support of audits
  • May perform other duties as requested
Accounting Specific Responsibilities:
  • Populates components of SEC Yield, as necessary
  • Reconciles fund share transactions and resolve discrepancies
Money Market Accounting Specific Responsibilities:
  • Calculates and processes fund activities such as distributions, yields, expenses, income and allocations
  • Reconciles fund share transactions and resolve discrepancies
Security Valuation Specific Responsibilities:
  • Retrieves and monitors availability of prices, indices, exchange rates, etc and process for designated portfolios
  • Gathers appropriate backup, maintain spreadsheets, call brokers, and print various exception reports to support the pricing process
  • Interacts with third parties as necessary.
  • Interacts with clients in a limited capacity for time critical issues during the pricing window as agreed to with Client Operations
Qualifications:
  • Strong computer competence (Microsoft Applications: Word, Excel)
  • Aptitude for math
  • Strong accuracy aptitude, and detail orientation.
  • Strong oral communication and interpersonal skills
  • Ability to multi-task
  • Ability to work under pressure, and within a deadline oriented environment
Preferred:
  • Associates’ degree with business coursework and related experience OR Bachelor’s degree with business coursework.
Job Opening ID
State Street Job ID: 86450
Location: Kansas City, MO


Entry Level Investment Operations Specialist, Associate 1

Job Description:
As a member of the Client Operations team, you will act as a point of contact for operational activities and client inquiries. In this role, you may have daily contact with Client Service, Client Management, Centers of Excellence and Business Unit Shared Service teams.

Job Responsibilities:
  • Account Administration including account openings, billing set up, tax reclaims/tax documentation, market openings/exits/updates, security registration/system access/ID administration and FAR set up
  • Calculates Net Asset Value and performs end of night tie out by reconciling final net assets and related data between NAV alert, MCH and Navigator.
  • Disseminates NAV’s in an accurate and timely manner
  • Online support for various client-facing applications, set up, training, resolving data integrity issues, assisting with new product rollouts.
  • Production of client-customized reporting and collects data and produces customer report cards
  • Assist with data collection for risk/compliance reporting
  • Monitors day-to-day service delivery of Shared Service teams and Centers of Excellence for assigned accounts.
  • Respond in a timely manner to inquiries from operational Centers of Excellence, Business Unit Shared Services and Business Unit Client Service.
  • Elevates unresolved issues/problems to Client Support Specialist 2 or Senior Client Support Specialist.
  • Maintains appropriate documents required for fund audits.
  • Remains familiar with back-up procedures when system applications and/or transmission problems arise.
  • Other duties as assigned.
Qualifications:
  • Preferred: Bachelor’s degree with accounting, finance or business coursework OR Associate’s degree with accounting, finance or business coursework and relevant experience
  • Preferred: 0-2 years work experience in accounting, finance, mutual fund operations, loan servicing or related career
  • Strong computer competence (Microsoft applications: Excel, Word, etc.)
  • Accuracy and detail-orientated
  • Aptitude for math
  • Interpersonal and oral communication skills
  • Multitasking capability
  • Ability to work under pressure/deadlines driven environment
Job Opening ID
State Street Job ID: 86452
Location: Kansas City, MO


Alternative Investment Operations Specialist, Associate 1

Job Description:
International Fund Services is a State Street company that provides fund accounting, administration, tax, compliance and middle office trade support services to hedge fund managers. IFS combines its experienced teams of trained financial service professionals with sophisticated software development talent to create a superior trade support infrastructure that features Straight-Through-Processing (STP) and real-time information. The responsibilities of the operations group is to provide clients with portfolio pricing, trade allocation, confirmation, correction and settlement, prime broker interfaces, repo processing and cash management.

Responsibilities include:
  • Basic understanding of settlements for generic equities, fixed income, futures and foreign exchange.
  • Processing of hedge fund trades.
  • Confirmation of client trades by phone, fax or electronic mail.
  • Interact on a daily basis with prime brokers and client counterparties.
  • Resolution of trade breaks with client and counterparties.
  • Resolve fail with prime broker and counterparties.
  • Process client trademan files via MS Excel.
  • Run end of day pricing reports and lock downs.
  • Review positions and P&L with client.
  • Run end of day management reports.
  • During the course of normal day to day operation, 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.
Qualifications:
  • Bachelor’s degree, preferably with an emphasis in accounting, finance or economics.
  • Knowledge of financial products, including fixed income and mortgage-backed securities.
  • Intermediate technology skills, including MS Excel.
  • Superior verbal and written communication skills.
  • Ability to work in a fast paced, demanding environment.
  • Ability to travel to Boston and New York for a six week training session at the onset of hire.
Job Opening ID
State Street Job ID: 87073
Location: Kansas City, MO


Client Operations Administrator, Associate 2

Job Description:
As a member of the Client Operations team, you will act as a point of contact for operational activities and client inquiries. In this role, you may have daily contact with assigned clients, Client Service, Client Management, Centers of Excellence and Business Unit Shared Service teams, within State Street, supporting our Mutual Funds, Insurance or Institutional clients.

Job Responsibilities:
    Perform assigned daily operations and processes including, but not limited to:
  • Perform customized client activities and ad-hoc client requests as appropriate and in conjunction with Business Client Service.
  • Direct and daily contact with clients.
  • Account Administration including account openings, billing set up, tax reclaims/tax documentation, market openings/exits/updates, security registration/system access/ID administration and FAR set up.
  • Production of client-customized reporting; collection of data and production of customer report cards, including monthly reports.
  • Monitors day-to-day service delivery of Shared Service teams and Centers of Excellence for assigned accounts.
  • Online support for various client-facing applications, including mystatestreet,com; set up, training, resolving data integrity issues, assisting with new product rollouts.
  • Production of client-customized reporting; collection of data and production of customer report cards, including monthly reports.
  • Assist with data collection for risk/compliance reporting.
  • Respond in a timely manner to inquiries from operational Centers of Excellence, Business Unit Shared Services and Client Service Management.
  • Provides on the job training to new staff and assists new staff with attainment of understanding job responsibilities.
  • Elevates unresolved issues/problems to Senior Associate or Manager.
  • Maintains appropriate documents required for fund audits.
  • Remains familiar with back-up procedures when system applications and/or transmission problems arise.
  • 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.
  • Other duties as assigned.
Qualifications:
  • Bachelor’s degree with business related coursework or degree in Accounting or Finance, preferred.
  • Excellent oral and written communication skills required minimum
  • Demonstrated successful client service skills
  • 1 year of accounting experience; related custody and/ or fund accounting experience preferred
  • Strong computer competence (Microsoft applications: Excel, Word, etc.)
  • Accuracy and detail-orientated
  • Aptitude for math
  • Multitasking capability
  • Ability to work under pressure/deadlines driven environment
Job Opening ID
State Street Job ID: 87053
Location: Kansas City, MO


Part-Time Financial Reconciliation Specialist, Associate 1

Job Description:
This is a part-time 20 hours per week position with hours of 10am-2pm Monday through Friday.

A Derivative Operations Specialist, Associate 1 is responsible for accurately posting domestic and foreign derivatives, including (but not limited to), future, options and collateral transactions to our Custody and Accounting systems. This individual resolves data quality issues through interaction with accounting and client service groups in North America and Europe. The individual acts as a first level resource within assigned business unit to process transactions in accordance to established procedures. This individual performs various daily tasks within the business unit as necessary to support processing routines.

Responsibilities could include:
  • Process all derivative trades to DWS/MCH accurately and timely. This includes, but is not limited to, futures, options, and cash.
  • Reconcile the DWS daily futures margin calculation to the total position by contract type and unrealized gain/loss to the broker statement or faxed/transmitted instructions for specified funds.
  • Adhere to established operating, risk, and compliance controls and standard operating procedures.
  • Work with WIMCS and fund groups to resolve all matters concerning derivative related money movements and accounting questions.
  • Elevate areas of potential loss/exposure immediately and include supporting documentation.
  • Initiate any related incoming or outgoing payments.
  • Process manual accounting entries to MCH for cash collateral and margin movements daily.
  • Complete month-end reconciliations.
Qualifications:
  • Associate’s degree in business or related field.
  • 0 to 1 years of related work experience preferred.
  • Knowledge of financial securities language preferred.
  • Knowledge of MS Office applications and spreadsheet proficiency.
  • Good organizational skills and ability to prioritize assignments under tight deadlines.
  • Good interpersonal and communications skills in both verbal and written forms.
  • Good analytical and problem-solving skills
Job Opening ID
State Street Job ID: 87108
Location: Kansas City, MO


Entry Level Financial Services Specialist, Associate 1

Job Description:
As a member of the Cash, Custody, & Trade team, you will support and assist Client Operations and other operational Shared Service/Center of Excellence teams by monitoring and processing custody related events to the fund’s records.

Overall Responsibilities:
  • Reviews and validates all daily activity in an accurate and timely manner, and maintains all required controls to ensure overall accuracy
  • Undertake routine tasks related to the monitoring and processing cash and custody events
  • Work in conjunction with individuals on the team, other shared services/COEs, India and Client Operations to ensure seamless processing of cash and custody events according to the fund’s policies
  • Support the research and resolution of exceptions and inquiries related to cash and custody events
  • Calculate cash availability in accordance with performance standards and client deadlines
  • May provide cash forecasting for clients based on a set of criteria described by the client and/or Investment Manager
  • Process all actual cash movements in the funds
  • Process cash sweep and short term investment transactions (repo, commercial paper)
  • Post share and cash movement for subscriptions and redemptions
  • Post cash receipt/disbursement entries to custody and accounting records
  • Process all income inquiries and research unpaid items by deadline
  • Research and verify all interest variances and ensure that all pay downs are processed in a timely manner
  • Process expense payments and check requests as instructed by client
  • Reconcile custody to accounting cash & share records. Document all exceptions and clear exceptions by deadline. Elevates exceptions as required
  • Resolve discrepancies with Transfer Agent
  • Monitor all overdrafts and ensure that overdraft compensation is collected on a timely basis. Ensure that cause of overdraft is accurately communicated, while elevating potential issues to management
  • Process trade settlement information within deadlines and comply with all requirements
  • Book trades accurately and in a timely manner. Communicates fail trade information as directed. Reconcile outstanding items
  • Process collateral/assets segregated as instructed
  • Perform all weekly and biweekly proof activities
  • Maintain records in support of audits
  • May be required to communicate with clients to support trade processing
  • Remain familiar with back-up procedures when system applications and/or transmission problems arise
  • May be required to perform other duties as required
Qualifications:
  • Strong computer competence (Microsoft Applications: Word, Excel)
  • Aptitude for math
  • Strong oral communication and interpersonal skills
  • Strong accuracy aptitude, and detail orientation
  • Ability to multi-task
  • Ability to work under pressure, and within a deadline oriented environment
Preferred:
  • Associates' degree with business coursework and related experience OR Bachelor’s degree with business coursework
Job Opening ID
State Street Job ID: 87217
Location: Kansas City, MO


Please visit www.statestreet.com/reachhigher to apply.

State Street is an Equal Opportunity and Affirmative Action Employer

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