Product Owner, Insurance Fund Accounting and Administration Specialist, Assistant Vice President

Who we are looking for We are seeking a business Product Owner to support the Insurance Accounting product within State Street’s Fund Accounting and Administration platform. This role represents accounting, operational, regulatory, and client needs within the product and serves as the business authority for assigned functional areas.  This is not a technical product owner role. While the position partners closely with technology and development teams, accountability is focused on business requirements, accounting logic, client outcomes, and regulatory compliance, rather than system architecture or technical solution design.   Why this role is important to us   The Product Owner plays a critical role in ensuring that product enhancements accurately reflect insurance and investment accounting requirements and deliver meaningful value to clients. By acting as the voice of the business, this role ensures solutions are fit for purpose, compliant, and aligned with product strategy, while enabling efficient and effective delivery through agile development teams.   What you will be responsible for As the Product Owner, you will act as the business lead and subject matter expert for assigned product areas. Responsibilities include: Serving as the primary business authority for insurance accounting functionality and related reporting  Acting as the key business lead on product initiatives and enhancements  Communicating directly with clients and internal stakeholders to understand needs, priorities, and impacts  Leading business analysis and functional design efforts; creating clear business design documents and requirements  Defining accounting ledger entries, multi-cost basis behavior, and accounting outcomes for enhancements  Designing reporting solutions Translating business and accounting requirements into well-defined user stories and acceptance criteria  Providing business use cases and functional testing scenarios  Executing high-level and functional testing to validate accounting accuracy and business outcomes  Overseeing delivery of enhancements through iterative planning, prioritizing business value and client impact  Partnering with development, product management, and other stakeholders to support prioritization and backlog management  Providing input into product roadmaps and longer-term functional direction  Creating and maintaining user documentation  Delivering training sessions and product demonstrations for internal teams and current or prospective clients  Supporting software maintenance and client service teams with business-level troubleshooting, as needed  Assisting onboarding teams and clients with conversions and implementations, as needed    What we value The following skills and attributes will help you succeed in this role: Strong problem-solving and decision-making skills  Deep analytical and research capabilities  Sound accounting judgment and attention to financial details  Ability to manage multiple priorities and initiatives simultaneously  Clear and effective communication with a wide range of stakeholders  Strong presentation and written communication skills  Excellent time management and organizational skills  Proficiency with Microsoft tools (Copilot, Teams, Excel, PowerPoint, etc.)    Education & Preferred Qualifications Bachelor’s degree in accounting or a related field  Strong experience with insurance accounting and/or investment accounting, including complex asset classes (e.g., fixed income, derivatives, mortgage loans, alternative investments)  Knowledge of inbound and outbound data flows across the investment lifecycle (e.g., trade processing, cash, market data)  Experience working within an agile software development environment as a business product owner or business analyst  Experience working directly with clients  Experienced with AI tools and implementing into daily use cases 10+ years of experience as a business product owner or end user of insurance, fund accounting, or financial software  OR  10+ years of experience as a business analyst or business product owner supporting financial or accounting platforms  About State Street Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future. As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law. 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