Tax Manager (Current Employee), Boston, MA – June 6, 2014
Pros: great people to work with, relaxed environment
Cons: tough place for advancement
State Street Tax is a pretty good place to learn about RIC tax and to manage different types of people. They are much more automated in their tax processes then any other job I have worked at. However, advancement is tough to achieve.The major plus with working with SSB tax is the great people you work with and the relaxed environment.
I enjoyed the interaction with knowledgable professionals in the private equity accounting field
Senior Associate (Former Employee), Boston – June 2, 2014
I thoroughly enjoyed the challenge of providing excellent client service within private equity equity accounting and seeing the final product in the financial and capital statements delivered to the individual limited partners.
Portfolio Accountant/ (Former Employee), Sacramento, CA – May 29, 2014
Pros: co-workers, good talant, smart employees
Cons: hours, shakey management, management keeps you in the dark
Great entry level job. The talent tends to leave after a few years due to job satisfaction. In the right situation the management is very good but you could get stuck in a bad group. Too much favoritism with the management team. Benefits are decent but far from good. Co-workers are the reason why most stay around longer.
Portfolio Administrator/ Bank Loan Specialist (Former Employee), Boston, MA – May 18, 2014
Pros: good place to learn the business, many departments to choose from.
Cons: outsourcing, low or slow chance of advancement or raise
State Street is a great place to learn the business, there are many departments to move around which gives employees a chance to better understand how a major financial corporation works. Maybe thats why it seems there are so many entry level workers that it becomes hard to be recognized and the chance of promotion seems slim. Outsourcing doesn't look – more... to be slowing down, and compared to other companies there is very low pay and loyalty. – less
Client Operations Administrator (Current Employee), Kansas City, MO – May 4, 2014
Pros: great vacation benenfits
Cons: lay-offs every year and salary is not very competitive
Good introduction to the accounting/finance world. It's more dificult for new people due to a transition into more smaller roles. Now most people only see a piece of the pie and don't understand how all the departmental roles work to maintain the day in the life of a mutual fund. Multiple deadlines throught out the day.
Portfolio Accountant (Former Employee), Westwood, MA – April 28, 2014
Pros: location, benefits, and friendships you make
Processing clients Defined Benefit activities for their companies. Processing any need cap stock activity , preforming monthly,quarterly, semi-annual & annual reports. Processing daily cash flow activity reports for clients. Part of the Standard Operating Procedure Committee. My co-workers we great to work with and all got a long well. The hardest part – more... of the job was all the sudden changes that happened with the company from time to time. The most enjoyable part of the job was learning all the different types of fund structures. – less
Intern (Current Employee), Boston, MA – April 24, 2014
I work on daily distributing funds that have to be maintained in balance throughout the day. I make sure accounts are accruing correctly as while as amortizing at the correct price. When I am not working on the funds I am researching and answering alerts that affect the funds net asset value.