Title: Team Lead - Sub-custody OOP Processor, Global Billing Function

Background:

State Street has established a Global Billing Function responsible for client billing set-up and invoicing across all business lines and geographies globally. This includes centers in Poland, India, and China. The Billing Organization handles business-as-usual activities within billing areas and drives process improvements and automation.

Basic Purpose of Job:

The Sub-custody OOP processor will be responsible for reviewing the Out-of-pocket (OOP) charges in the Sub-custodian invoices and allocating the charges to respective client fund IDs. They will handle inquiries from various operational groups, auditors, clients, and Sub-custodians, across different countries and regions.

Responsibilities:

- General responsibility for sub-custody billing questions, issues, concerns, and communications

- Adopt “owner’s mindset,” work independently, and effectively manage timelines

- Provide support to customers throughout the billing process

- Liaise with Sub-custodians and Network Management teams to ensure smooth processing of invoices

- Measure, review, and assess performance and progress towards goals

- Responsible for ongoing process improvements

Expectations:

- Bachelor’s Degree in Finance with 4 to 6 years of experience in a global billing function at a large financial services institution

- Knowledge of services and industry trends of billing methods for services like Custody services, Sub-custodian, trust services, out-of-pocket expense billing, asset management, etc.

- Demonstrated knowledge and acumen of the billing process across geographies and business areas

- Strong communication and interpersonal skills

Skills required:

- Proficiency in Microsoft Office Suite (Excel, Access, PowerPoint, Word, Visio), advanced Excel skills (pivot tables, formulas, workbook maintenance best practices)

- Knowledge of billing systems

- Conceptual understanding of company-wide financial architecture (GL, sub-GL technology, specialized tools)

- Independent decision-making capabilities

- Strong analytical skills and ability to summarize complex financial transactions

- Attention to detail

- Problem-solving skills

- Highly organized with the ability to multi-task and work under high pressure deadlines

- Must be able to work in a fast-paced environment

For further information, and to apply, please visit our website via the “Apply” button below.