Reconciliation Specialist - Assistant Manager

Who we are looking for

Global Credit Finance (GCF) is seeking a reconciliations specialist in its Operations team. The role will support all Global Credit Finance products, including Commercial Real Estate, Fund Finance, Leveraged Loans, Municipal Finance and Stable Value Wrap.

Global Credit Finance’s mandate is to attract, support and retain bank clients through the use of our balance sheet and strong rating, and to add income and diversification to State Street's portfolio of on and off balance sheet investments. 

We accomplish this by offering a broad range of products that meet our clients' credit needs, and partner with the Global Clients Division (GCD), Global Relationship Management (GRM), and Sector Sales product sales teams to attract and grow client relationships.  As a result, we cultivate and maintain strong long-term relationships with a many of the bank's largest clients.

Responsibilities of the position include performing monthly reconciliations of 350+ general ledger accounts. The person is responsible for maintaining all supporting documents in an auditable manner. The role will work with processing teams to clear exceptions in a timely manner.

Strategic goals will include developing automated processes to support the reconciliations.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. 

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

• Perform monthly general ledger reconciliations
• Perform daily suspense account reconciliations
• Develop automation to support reconciliation processes
• Work closely with processing teams to clear exceptions in a timely manner

What we value

These skills will help you succeed in this role

• Strong analytical and problem-solving skills
• Ability to think critically to understand existing processes and identify opportunities for improvement
• Ability to manage and prioritize multiple tasks
• Expertise in Microsoft Office suite, including advanced knowledge of Microsoft Excel

Education & Preferred Qualifications

• Bachelor’s degree (or equivalent)
• 5+ years of relevant experience
• Systematic understanding of Finance and accounting functions

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

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