Financial Accounting and Distribution - Manager

State Street — Mumbai

Who we are looking for: Looking for professional who have good understanding about the Stock Lending, Investment banking, Cash management and Broker Billing process. Why this role is important to us: The team you will be joining is a part of State Street Global Markets (SSGM), The investment and divestment of all cash collateral, in state street’s Agent lending program is managed by the Financial Accounting and Distribution (FAD) team. The team is responsible to manage the cash forecasts to Investment managers, Settling the bills with brokers, process earnings out the cash investments to the clients. This process is dealing with clients and their money so the attention to the details and timely cash settlement is required. What you will be responsible for: As Financial Accounting and Distribution - Manager, you will The SF Financial Accounting and Distribution ( Cash mgmt, Broker Billings and Client Earnings), Officer will be responsible for distributing Client and Agent Securities Lending Earnings for all regions and currencies globally. Calculate and distribute Client and Bank Earnings to meet the monthly deadline Ensure that work is completed ‘on-time’ and accurately. All issues are identified & escalated in a timely fashion. Assists the JV offshore team for complex and aged billing issues Manages the collection of offline payments coordinated between trading and borrowers Performs Earning DDAs daily reconciliation Prepares monthly Cash final data to ensure Bank/Client earning, co-agent fee, management fee are accounted accurately. During the course of normal day-to-day operation, responsible for identifying any unusual or potentially suspicious transaction activity and reporting and/or escalating in accordance with corporate policy and guidelines detailed in relevant operating procedures. Participates on projects or committees within the department and/or with BU Shared Services, and Client Operations teams. Ability to manage multiple tasks / priorities Ability

View on HireSetu