Incentive Compensation Accounting, AVP at State Street in Boston, Massachusetts

Job Description:

Who we are looking for

State Street's Corporate Controllership organization is seeking an Assistant Vice President to join the Compensation & Benefits Accounting Team. The Compensation & Benefits Accounting team is an exciting, challenging and highly visible group supporting the Controllers Organization, Business and Finance Leaders, Global Human Resources, and Financial Planning & Analysis teams.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

The specific responsibilities for this role:

Incentive Compensation:

• Lead the incentive compensation accounting, reporting and analysis function for all of State Street including international locations


• Work with other Compensation & Benefits Accounting team members where incentive compensation tasks overlap such as expatriate accounting, retirement plans and reduction-in-force programs


• Manipulate and analyze large amounts of data to provide insights to internal stakeholders (other areas of Controllership, Finance, and Global Human Resources) on expenses and potential savings


• Complete monthly, quarterly and annual reporting including 10Q/K submissions and Regulatory Reporting


• Partner with Financial Planning & Analysis and Global Human Resources on incentive compensation annual budget and mid-year forecast


• Work with external vendor on approving new awards, updating pricing and running reports

• Lead US benefit accounting for medical/dental benefits, payroll taxes, and other benefits as assigned


• Work with Global Human Resources and Finance on analyzing spend, budgeting and variance analysis

These skills will help you succeed in this role:

• High level of integrity and trustworthiness handling sensitive information


• Ability to work in a fasted paced environment and managing multiple deliverables and projects


• Attention to detail and strong risk and control-oriented mindset


• Excellent written and verbal communication skills

• Bachelor's degree in Accounting, Finance or related discipline


• Previous work experience in Finance or Accounting incentive compensation role preferred


• Strong Excel skills and comfort with large amounts of data

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

Salary Range:
$80,000 - $132,500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.