Unlisted Investment Team Account Manager, Senior Associate

State Street Australia Overview 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 $33.1 trillion in assets under custody and administration and $2.8 trillion in assets under management as of December 31, 2017, State Street operates globally in more than 100 geographic markets and employs 31,070 worldwide.

With more than 31,070 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. State Street is an equal opportunity employer and we encourage applications from men and women from all ages, including those with a disability and those who identify as LGBTI.

Overview State Street Global Services, provides asset owners and managers with a wide range of support, from core custody, accounting and fund administration to complete servicing for complex alternative assets like unlisted unit trusts, OTC derivatives and private equity & limited partnerships. We also deliver innovative performance measurement and analytics tools, giving our clients the information they need to make better-informed decisions. State Street is among the world's leading institutional investment servicing providers.
POSITION SUMMARY The Unlisted Unit Trust team is responsible for servicing our client's investments in external Australian and Global Unlisted Unit Trusts. This includes the application and redemption process, processing of the corresponding accounting entries, the valuation of all holdings and reconciliation with the external Unit Registries. There is interaction with internal and external clients as well as funds managers, pricing vendors and Unit Registries. This team currently looks after over 800 products and has a relationship with 70 unit registries.
This role provides an opportunity to build knowledge around Unlisted Investments. The role demands effective time management, strong relationship building capabilities and attention to detail. The role also requires liaison with and delivery to both internal and external entities. All deliverables need to be timely and accurate.
You will also need to be a team player, be able to lead by example and demonstrate the ability to engage with other employees to achieve success. You will embrace change and continuously look to make further improvements within your team, as well as understand where your role fits in with the organisation's strategy and how you can contribute to the overall success of the business.
Key Accountabilities

• Manage the account opening and client on boarding process for a new client
• Check and authorize MCH trades and ledgers prior to inputting on system
• Pricing
• Preparation and audit of distributions
• Authorize and release the application and redemption transactions on GSMAC where applicable
• Authorize applications and redemptions sent directly to unit registries
• Ensure all settlements are processed in a timely manner and follow up outstanding settlements with external registries
• Co-ordinate asset transfers including dealings with Stamp duty offices, external registries, external consultants and clients
• Check and authorize all clean cash and internal transfer
• Work with Administrators to ensure daily deliverables are met
• Staff Management responsibilities

Experience, Qualifications, Skills and Abilities
Skills/Competencies

• Embrace State Street's "corporate values" and support a work environment reflective of those values
• Effectively communicate with clients, managers, and peers within State Street
• Demonstrate the ability to assess and suggest resolution to a problem
• Be a strong team player and demonstrate dedication to group and company goals
• Demonstrate professional maturity and effective time management

Education and Skills

• Previous experience completing account opening forms with Banks would be preferred
• Experience as a people manager with direct reports is preferred
• Basic knowledge of fund accounting concepts
• Strong written and verbal communication skills
• Strong PC Skills - MS Word, Excel and Access
• Strong research and problem solving skills
• Strong Attention to detail and time management skills.