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Senior Associate – Accounting & Reconciliation role overseeing daily accounting and reconciliation across investment portfolios.
Join State Street in Mumbai to manage analytics, risk, and stakeholder communication in a dynamic middle office environment.
Role Summary
The Senior Associate will be responsible for executing and overseeing daily accounting and reconciliation activities across investment portfolios, ensuring accuracy, completeness, and timely delivery. The role requires strong analytical capability, operational rigor, and the ability to manage exceptions, risks, and stakeholder expectations within a middle office environment.
Key Responsibilities
1. Reconciliation & Break Management
Perform daily cash, position, and transaction reconciliations across multiple asset classes
Investigate and resolve reconciliation breaks within defined SLAs
Identify root causes and drive permanent resolution of recurring discrepancies
Liaise with custodians, fund administrators, and internal teams to resolve issues
2. Accounting & TMV Oversight
Support IBOR accounting activities including journal entries, accruals, and valuation checks
Review trial balances and assist in TMV validation processes
Ensure adherence to accounting standards and internal control frameworks
3. Exception Handling & Risk Control
Monitor exceptions and elevate high-risk items in a timely manner
Ensure compliance with operational risk and control procedures
Participate in audits and provide required documentation and explanations
4. Process Improvement & Automation
Identify opportunities to enhance efficiency and reduce manual intervention
Support automation initiatives and system enhancements
Contribute to standardization and documentation of processes
5. Stakeholder Management
Act as a point of contact for internal stakeholders, clients, and external partners
Provide clear and concise reporting on reconciliation status and key issues
Collaborate with front office, fund accounting, and technology teams
6. Team Contribution
Mentor junior team members and support knowledge sharing
Assist in workload management and ensure timely deliverables
Qualifications & Experience
Bachelor’s degree in Finance, Accounting, or related field (CA/CFA/CPA is a plus)
3–6 years of experience in middle office, fund accounting, or reconciliation roles
Strong understanding of financial instruments (equities, fixed income, derivatives preferred)
Experience with reconciliation tools and accounting systems
Key Skills
Strong analytical and problem-solving skills
High attention to detail and accuracy
Good understanding of financial markets and investment operations
Effective communication and stakeholder management
Ability to work under tight deadlines in a dynamic environment
Preferred Competencies
Knowledge of reconciliation platforms (e.g., TLM, DUCO, IntelliMatch)
Exposure to automation tools (e.g., Alteryx, Python, RPA)
Understanding of regulatory and audit requirements
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer
We consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
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