Location: Kansas City/Independence, MO 64105
Status: Full Time, Employee
Job Category: Accounting/Finance/Insurance
Reference Code: 1096.1290

State Street Corporation
State Street Corporation (NYSE: STT) is the world's leading specialist in providing institutional investors with investment servicing, investment management and investment research and trading services. With $12.04 trillion in assets under custody and $1.44 trillion in assets under management at December 31, 2008, State Street operates in 27 countries and more than 100 geographic markets worldwide and employs 28,475 worldwide.

Fund Accountant, Associate 1
Description:
State Street is the world's leading provider of services to sophisticated investors. State Street's clients include investment managers, pension plan sponsors, collective investment fund managers, banks, corporations and not-for-profit organizations. State Street offers the strength and stability of a global franchise, backed by the local expertise and the relationship focus of more than 27,000 industry professionals worldwide. Our Kansas City location employs over 1,300 professionals.

Under the direction of the Account Manager, a Fund Accountant, Associate 1 performs daily maintenance of accounting books and records of assigned regulated investment companies in conformity with company policy, as well as the rules, regulations and tax laws that apply.


Responsibilities could include:

- Calculate the Net Asset Value per share assigned, determining dividend and distribution rates, as required.
- Determine the timing of income and expense accrual. Enter and monitor general ledger or daily account activity.
- Reconcile cash and/or fund share transactions, resolving discrepancies with transfer agents and custodians records, if applicable.
- Account for all daily activity (purchases, sales, income accruals, etc.) in an accurate and timely manner, and maintain all required controls to ensure overall accuracy.
- Produce and verify financial statements or trust reports and/or Schedule Ds or daily NAV reporting and/or pricing.
- Maintain monthly supporting schedules for all outstanding items, as well as other records required for fund audits, as required. Prepare monthly accounting control reports reconciliation.
- Provide information needed to prepare financial reports for shareholder, director and management reports, in an accurate and timely manner.
- Prepare proof of account balances as needed.
- Review security pricing information for accuracy and completion, along with all fund activity for reasonableness and research exceptions.
- May research, verify and process all corporate actions.
- Remain familiar with back-up procedures when system applications and/or transmission problems arise.
- May be required to communicate with external/internal clients daily.
- Perform other related duties as requested.


State Street offers competitive pay, benefits and perks, including:

- Educational assistance
- Casual business attire
- Subsidized, on-site fitness center
- Subsidized parking or public transportation
- Cafeteria and coffee shop
- Outstanding opportunities for personal growth and career development

Qualifications:
Job Qualifications

- Bachelors degree with business related coursework or equivalent. BS degree in Accounting or Finance preferred.
- 0 to 1 year of related custody and/or fund accounting 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.
- Attention to detail.
- Good interpersonal and communication skills in both verbal and written forms.
- Ability to work as a team player.

Salary/Benefits: Salary commensurate with experience


Job Location: Kansas City, MO

Job Number: 1096

Company URL: http://www.statestreet.com/company/careers/careers_overview.html

Company Profile:
State 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 $11.3 trillion in assets under custody and $1.4 trillion in assets under management at March 31, 2009, State Street operates in 27 countries and more than 100 geographic markets worldwide.