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Financial Reporting - Associate 2

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State Street

1mo ago

  • Job
    Full-time
    Junior & Mid Level
  • Accounting & Tax
    Banking & Finance
  • Chennai
  • Quick Apply

AI generated summary

  • You should have a Bachelor’s in Commerce/Economics, strong Microsoft skills, 1-3 years of accounting/finance experience, and excellent communication, organizational, and analytical abilities.
  • You will prepare financial statements for private equity and hedge funds, meet deadlines, ensure accuracy, assist with audits, use technology, and provide training while handling ad-hoc projects.

Requirements

  • Bachelor’s Degree in Commerce / Economics with a specialization in Business, Accounting, Finance or equivalent experience preferred
  • Demonstrated computer proficiency, including advanced knowledge of Microsoft applications {Excel, Word etc.}, as well as problem solving and analytical skills
  • Strong communication, interpersonal, organizational, and time management skills
  • 1-3 year of experience in related accounting or finance field preferred

Responsibilities

  • Prepare private equity and hedge fund financial statements in accordance with relevant GAAP and regulatory requirements, clear comments and assist with draft and support distribution to client and auditors, ensure that all deliverables are completed accurately and within agreed upon time
  • Assist in the preparation, self-review and delivery of applicable services
  • Understand and meet all deadlines, manage time accordingly and escalate any issues to the Senior Associate or Officer responsible
  • Accurately complete and sign off on all SOPs and checklists
  • Effectively use automation and technology
  • Volunteer for ad-hoc projects and help with last minute requests
  • Provide on-the-job training and ensure coverage for activities

FAQs

What is the primary responsibility of an Associate 2 in Financial Reporting?

The primary responsibility is to provide end-to-end support for investment company clients in the timely preparation of financial statements, ensuring compliance with GAAP and regulatory requirements.

What skills are essential for succeeding in this role?

Essential skills include fund accounting, transaction processing, financial analysis, excellent communication, problem-solving abilities, and statistical analysis.

What is the required educational background for this position?

A Bachelor’s Degree in Commerce, Economics, Business, Accounting, Finance, or equivalent experience is preferred.

What type of experience is preferred for this role?

1-3 years of experience in a related accounting or finance field is preferred.

Are there any specific software skills required for this position?

Yes, demonstrated computer proficiency, including advanced knowledge of Microsoft applications such as Excel and Word, along with strong problem-solving and analytical skills, are required.

What are the working hours for this role?

Selected candidates will be required to work in shifts that allow reasonable overlap with US, APAC, and EMEA hours.

Is there an opportunity for growth and development in this position?

Yes, State Street offers a wealth of development programs and educational support to help employees reach their full potential.

Does State Street promote diversity and inclusion?

Yes, State Street values diverse backgrounds and experiences and is committed to creating an inclusive environment where everyone can thrive.

What kind of benefits does State Street provide to its employees?

State Street offers competitive and comprehensive benefits packages, which may include generous medical care, insurance, savings plans, flexible work programs, and paid volunteer days.

How does State Street support work-life balance?

State Street provides tools to help employees balance their professional and personal lives, along with flexible work arrangements and various employee support programs.

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State Street

We’re at the heart of financial services. And our clients are at the heart of everything we do.

Finance
Industry
10,001+
Employees
1792
Founded Year

Mission & Purpose

At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future.