If
you are on schedule to graduate this December 2013, you may be interested in
opportunities with State Street Bank. We have recently learned of
immediate hiring plans of the financial services giant (in Boston )and want to
make our Dec. grads aware of these entry-level jobs. If you have at least
a 3.0 GPA, have leadership skills, can communicate well, and are
self-motivated, you may qualify for these positions. We are in the
process of arranging an on campus information session for the very near future
(hopefully within a week).
NOTE: IF YOU ARE A SENIOR WHO WILL BE GRADUATING IN SPRING 2014 and are interested, you may want to watch for an announcement for an on-campus State Street Bank information session projected to be held in mid-Dec 2013. Watch this blog for details.
If
you are interested, please send your resume to Ms. Jane Staples, UMD Internship
Director:
Jstaples@umassd.edu. Jane
will be coordinating the collection and review of resumes for State Street. If
you already have a resume in the UMD CareerLink System, then please send Jane
an email to let her know that you would like your resume to be considered for
these specific opportunities.
I
must emphasize that if you are interested, please act as soon as possible (to
submit a resume) and it would be best if you could submit your resume TODAY or
no later than Monday December 9, 2013. This is a fast moving opportunity
so please respond quickly. We hope to notify you of an on campus information
session to be conducted by State Street Bank in the very near future (as early
as next week) as soon as we learn of those details.
Below
are the job descriptions that we received from State Street.
Accounting
/ Pricing Specialist
Accounting / Pricing specialist will support and assist Client Operations and
other operational Shared Service teams/COE’s by performing 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. Candidate will ensure prompt follow up on exception
situations and facilitate timely problem resolution to mitigate risk to the
corporation and deliver excellent service to clients.
Bank
Loan Specialist
Bank Loan Specialists support and assist Client Operations and other
operational Shared Service teams/COE’s by monitoring and processing custody
related events to the fund’s records accurately and timely. Ensure prompt
follow up on exception situations and facilitate timely problem resolution to
mitigate risk to the corporation and deliver excellent service to clients.
Client Operations Administrator
Client Operations Administrator acts as point of contact for operational
activities and client inquiries. They ensure that the net asset values of
the client’s portfolios are accurately calculated and disseminated in a timely
manner. Ensure prompt follow up on exception situations and facilitate timely
problem resolution to mitigate risk to the corporation and deliver excellent
service to clients.
Custody
Specialist
The Custody Specialist will support and assist Client Operations and other
operational Shared Service teams/COE’s by monitoring and processing custody
related events to the fund’s records accurately and timely. Ensure prompt
follow up on exception situations and facilitate timely problem resolution to
mitigate risk to the corporation and deliver excellent service to clients.
Fund
Administrator
Fund Administrators are responsible for preparing fund financial statements,
maintaining security details in fund reporting and supporting expense budgeting
and analysis. The fund administrator is also responsible for requesting and
printing various client-related reports and may be asked to assist with
reconciliations and board reports when necessary.
Income Specialist
Income Specialists support and assist Client Operations and other Shared
Service teams/COE’s by monitoring and processing corporate (exchanges, merger,
tenders etc.) and income events to the accounting records accurately and
timely. Ensure prompt follow up on exception situations and facilitate
timely problem resolution to mitigate risk to the corporation along with
delivering excellent service to clients.
Tax
Administrator
Tax Administrators perform mutual fund tax reporting functions in a manner that
ensures fund objectives. This position offers individual learning about all
aspects of tax administration. Day-to-day functions include the preparation of
simple federal, state and city income and franchise tax returns for mutual fund
clients; the understanding of the Fund Accounting System to compile audit and
tax work papers and returns, and the knowledge of IRS tax laws. Tax administrators
will also review IRS compliance packages prepared by Fund Administration.
WMS
Client Representative
Working in a team environment, the successful candidate will oversee operations
activities performed offshore and provide oversight to offshore team for Cash
Operations on both SEI and Global Plus Accounting Platforms. In this
role, they will work closely with Client Service, other operational COEs &
our offshore team to ensure operational controls are in place, money movements
are processing accurately and timely on the DDAs and other various operational
cash activities are being performed.
It is
our understanding that State Street does hire from all academic disciplines but
we have also received the following information regarding what they are looking
for in job candidates:
• Strong analytical, reconcilement and organizational skills
• Deadline- and detail-oriented; ability to work in a fast-paced, structured
and team-based environment, as well as independently
• Competency in MS Office,capacity to learn new technology/systems
• Professionalism, dependability and trustworthiness
• Demonstrated leadership activities
• Sucessfully completed the requirements for a BS/BA Degree in Finance,
Business, Economics, or Accounting desired (but not required) and available to
work full time starting in January 2014
At
this particular time, this is all we know about these potential opportunities
and would recommend that if you have an interest - send Jane Staples your
resume and if contacted, make sure you can attend the information session (to
be announced).
NOTE:
As with all job opportunities, learn as much about the organization, the
positions, the potential for advancement, etc. Be sure to have a well
done resume, prepare for success if called for an interview, do your research
on the company, and seek help from the UMD Career Development Center (located
in the Campus Center behind the MASS PASS office).
