Our CompanyState Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $24.37 trillion in assets under custody and administration and $2.09 trillion in assets under management at December 31, 2012, State Street operates in 29 countries and more than 100 geographic markets and employs 29,660 worldwide. For more information, visit State Street's website at www.statestreet.com.Promoting a culture of excellenceWith more than 29,660 employees across 29 countries, at State Street, our people are our greatest asset. We recognize that highly skilled, engaged and productive employees are essential to our success. Our company values reflect our commitment to employee engagement, Global Inclusion and corporate social responsibility - to help you build a fulfilling career. Around the world, we aim to be an employer of choice by offering competitive compensation and benefits, personal and professional development opportunities, and a work environment that promotes a diverse array of people, ideas and skills.We're a company that insists on, and rewards, performance excellence. We know our success hinges on attracting the best people to join us - people like you.We encourage you to explore the possibilities that a career at State Street can offer you.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. State Street's Loan Services group has been servicing the institutional loan asset class since 1989 and is currently one of the industry's leading service providers for this complex investment. State Street's diverse client and product structure base: 1940 Act funds, hedge funds, private funds, structured products, offshore vehicles, sovereign wealth funds, and other institutional accounts invest in the institutional loan asset class. Loan Services provides custody, accounting and loan administration to this diverse client base across the global organization.An Associate 1 performs daily maintenance and record keeping for institutional loans held across a diverse mix of clients and product structures. An Associate 1 interacts with client personnel on their assigned portfolios, inputting/settling institutional loan trades, performing income accruals, and providing daily reporting per client specific guidelines. An Associate 1 will work closely with various State Street processing groups (e.g., Client Service, Accounting Operations, etc.) to service clients investing in institutional loans.Responsibilities: Performs daily maintenance and record keeping for Syndicated Bank Loans held in various Mutual Fund and other Structured portfolios for various SSC clients Processing trades, booking receipts and disbursements Daily reconciliation of cash balances Producing daily roll-forward proof of portfolio holdings and accrual information Preparing standard and ad hoc reporting for both internal and external customers Responding to customer queries on a daily basis Daily processing of bank loan notices as received from agent banks, Interact with the Investment Manager on their assigned portfolios, inputting/settling trades, performing ad hoc requests and providing daily reporting per client specific guidelines The individual will work closely with their mutual fund counterpart, providing Loan related reports to be incorporated into the final NAV Calculation. Other tasks as needed.
Bachelor's degree with business related coursework or B.S. degree in Accounting or Finance preferred. 0-1 years of related custody and/ or fund accounting experience, accounting, finance, mutual fund operation, loan operations or related careers preferred. Strong computer competence (Microsoft Applications: Word, Excel) Aptitude for math Strong interpersonal skills Strong oral communication skills Ability to multi-task Ability to work under pressure, and within a deadline oriented environment