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 correctness, 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

• 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

• 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

• 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

This role does not require hands-on software development, system architecture design, or technical solution ownership.

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

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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