History of State Street Bank & Trust

State Street Bank and Trust Company or merely State Street is a custodian bank organized as a Massachusetts trust company specializing in services to mutual funds and their advisers, collective investment funds, corporate and public pension funds, insurance companies, operating companies and non-profit associations. It is a subsidiary of the State Street Corporation, and used to also offer retail banking and commercial lending merchandises until it sold off that division in 1999 to Citizens Financial Group, of Providence, Rhode Island. The retail banking as well as commercial lending units was sold for $350 million. State Street, and its sister corporation State Street Global Advisors, which is a primary registered investment advisor, together comprises the principal operating companies within parent company State Street Corporation.

Job Description and Average Wage

Financial Analyst: The position will perform broad variety of accounting and monetary analyses which may comprise variance investigation, forecasts, budgets, cost control and accounting transactions. This helps the VP, IT Finance in managing and accounting for all features of the allocated business unit within the IT division. This will supervise preparation and review of monthly account reconciliations.

The average wage for this job is anywhere from $40,000 to $85,000 a year.

Investment Accountant: This role will process income and expense accumulation. This enters and supervises general ledger or daily account activity. This evaluates precision accounts for all daily activity in a suitable manner, and sustains all required controls to guarantee overall exactness. The assigned person will sustain monthly supporting schedules for all exceptional items, as well as other records required for fund audits, as needed.

This position will give anywhere from $35,000 to $43,000  a year.

Integration Engineer: The role will involve the assimilation, improvement and support state street hazard services products for market hazard solutions. The role will entail the extending of the current architecture of the hazard services system to seamlessly assimilate latest data resources or client data into their platform, and to distribute information to the clients.

The average pay is $64,000 to $68,000 a year.

Account Manager: An account manager is accountable for prospecting and expanding the customer base through knowing what the customer wants and through submitting offers. This discusses and closes contracts and has to submit reports along with his business strategies. As well as identifies accounts where incomes may be shrinking and creates strategies to reach out to these accounts and maintain the customers.

Expected income for annual position is $50,000-$73,000.

Performance Analyst: This performs investigation of contract performance to projected monetary results and contract terms, evaluates other performance indicators across clinical, service and analytic departments and groups at the market and regional levels, reports to management on findings and commendations, and arranges the performance indicators report. The position will provide change order support, subcontract schedule power, field activity measurement, percent complete and earned value calculations, and predicting.

The annual average pay for this position is $48,000 to $55,000.

Benefits

• Holiday and vacation policy, plus option to buy/sell up to 5 days of vacation
• Adoption Assistance Plan
• Support for continuing education
• Dental and vision coverage
• Flexible spending accounts for health care, dependent care and transportation needs
• Employee and family life insurance
• Accidental death and dismemberment coverage
• Short-term and long term-disability
• Salary Savings Program with 401(k) pre-tax and Roth options, competitive company match and discretionary performance-based contribution opportunity

How to apply

Join a company that values you. Take your career as far as your goal and ambition carry you. The customer focused work culture heartens originality and rewards performance. To apply for your desired position visit them at www.statestreet.com.