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.
Dynamic and challenging work enviornment with constant change
Mutual Fund Accounting Manager, AVP (Current Employee), Kansas City, MO – April 15, 2014
Pros: challenging work
Cons: change to a specific task oriented culture
State Street provides a work environment with multiple challenges throughout the day and is constantly evolving with changes in the business, regulatory and client environments. Recent changes have taken away the self pride of ones work and broken it into specific tasks for that is all you are asked to complete. My position ensures all those tasks completed – more... by other individuals are done properly, timely and accurately before our end of day deadlines. – less