Expense Insight Center - Reporting Specialist, Officer

Who we are looking for

The Finance CoE Specialist provides subject matter knowledge in the assigned area of Financial Planning & Analysis, develops a thorough understanding of State Street’s business practices to effectively perform independent, complex reporting or analytics to support the add-hoc needs of the businesses.  Reporting to the Finance CoE AVP, the Specialist will be performing a multitude of activities associated with reporting and analytics of non-compensation cost across Business Units.

The candidate should have a background in financial analysis, typically acquired through related experience in the financial services industry.  The position requires excellent analytical, research and financial modeling ability coupled with strong communication, and time management skills.

As a key member of the finance team, the successful candidate will be comfortable interfacing and presenting to senior and executive management both within the finance team, and the different lines of business. The position is a key hire as IT Finance seeks to enhance its Decision Support capabilities.

What you will be responsible for

• Assist in the preparation of monthly management information reports that provide senior management with an understanding of the infrastructure/application costs to facilitate decision making, including monthly variance analysis, key driver / metric analysis, and measurement of performance trends.
• Enhance the overall infrastructure/application costing environment, utilizing next generation technologies to ensure process efficiency and transformation savings
• Compile ad-hoc reporting and complete special projects as assigned
• Assist in building a culture of continuous improvement - critically examine and assess existing financial analysis practices and suggest improvements wherever necessary.
• Work closely with accounting team to identify and implement process improvements and monitor spending across Non-Compensation accounts
• Required to participate in or conduct a wide range of accounting and financial analyses on critical and complex issues which may include variance analysis, forecasts, budgeting, cost control and accounting transactions.
• Perform annual operational planning process (budget) along with variance analysis for management review
• Should have strong business partnering skills and manage the cost reporting across Business units while working closely with LFO’s

Education & Preferred Qualifications

• Bachelor’s and 5-10 years relevant experience or Master’s and min 10 years ideally covering multiple of the following:
• Financial and business analysis, preferably with infrastructure costing in a global setting
• Strong communication and presentation skills, ability to interact with executive management.
• Exhibits an exceptional standard of quality which includes attention to detail, organization, thoughtful analysis and problem solving and accountability for excellent results.
• Should have strong hands-on expertise with Excel & Power BI
• Direct support to business or product line management / executives
• Experience with preparation of budgets, variance analysis and insights

Skills/ Knowledge:

• Must possess strong communication skills with ability to participate in or lead conference calls and present financial results to financial and non-financial audiences at various levels of seniority
• Proficiency in Microsoft Office suite (Excel, Access, Power BI), advanced levels of excel (pivot tables, formulas, excel workbook maintenance best practices)
• Knowledge of Oracle BI, Hyperion Essbase and Smartview.
• Strong Analytical skill set
• Self-motivated, self-assured, self-managed & a team player
• Proactive and ability to build relationship with BU and Cross Functional Teams.
• Ability to analyze and summarize complex financial matters and their impact to the bank
• Ability to multi-task and work under high pressure deadlines

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

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.

Discover more information on jobs at StateStreet.com/careers

Read our CEO Statement