Insurance Accounting Product Jobs

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Today

Fund Accounting and Administration Product Owner - Insurance Accounting, Vice President

State Street Boston, MA

Boston, MA

Today

$110k - $189k/yr Full time Financial Services Insurance Insurance Accounting

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Job Description

State Street is seeking a senior business Product Owner for its Insurance Accounting capabilities within the Fund Accounting and Administration platform. This onsite role in Boston, MA focuses on accountable product leadership for accounting logic, reporting outcomes, regulatory compliance, and client impact. You will set direction for measurable business results, translate requirements into product plans, and oversee testing validation to support accounting accuracy and control effectiveness.

Why this role

Accountability with business impact: Own insurance accounting functionality and related reporting outcomes.
Cross-functional influence: Partner across product management, development, operations, client service, and stakeholders to manage dependencies and maintain an actionable backlog.
Senior ownership of quality: Oversee testing strategy and validate accounting accuracy, control effectiveness, and business outcomes.
Modern tooling: Use Microsoft tools such as Copilot, Teams, Excel, and PowerPoint to support analysis and execution.

Responsibilities

Serve as a primary business authority for insurance accounting functionality and related reporting.
Communicate product direction and measurable business outcomes for assigned capabilities.
Lead complex product initiatives and enhancements spanning multiple business processes, client segments, or delivery teams.
Engage clients and internal stakeholders to understand needs, priorities, and impacts.
Lead business analysis and functional design, creating clear business design documents and requirements.
Define accounting ledger entries, multi-cost basis behavior, and accounting outcomes for enhancements.
Define needs for reporting solutions and ensure alignment across accounting, regulatory, and client requirements.
Translate business and accounting requirements into epics, features, user stories, and acceptance criteria.
Provide business use cases and functional testing scenarios.
Provide senior-level oversight of testing strategy and validate accounting accuracy, control effectiveness, and outcomes.
Partner with product management, development, operations, client service, and other stakeholders to manage dependencies, resolve issues, and maintain an actionable backlog.
Support product roadmaps and longer-term functional direction, including recommendations for modernization.
Oversee delivery through iterative planning, prioritizing business value and client impact.
Identify cross-product and data dependencies and drive alignment across accounting, reporting, operational, and client-facing capabilities.
Create and maintain user documentation; deliver training sessions and product demonstrations for internal teams and current or prospective clients.
Support software maintenance and client service teams with business-level troubleshooting.
Assist onboarding teams and clients with conversions and implementations as needed.

Requirements

Bachelor’s degree in accounting or a related field (advanced degree, CPA, CFA, or relevant product experience is preferred).
12+ years of experience as a business Product Owner, product leader, or senior end user of insurance, fund accounting, or financial software, or 12+ years as a senior business analyst, business Product Owner, or product leader supporting financial or accounting platforms.
Demonstrated experience leading complex product initiatives.
Strong experience in insurance accounting and/or investment accounting, including complex asset classes such as fixed income, derivatives, mortgage loans, and alternative investments.
Knowledge of inbound and outbound data flows across the investment lifecycle (for example, trade processing, cash, market data).
Experience working in an agile environment as a business Product Owner, product leader, or senior business analyst.
Experience working directly with clients and stakeholders.
Experience with AI tools and applying them to improve product development, analysis, and day-to-day business processes.
No requirement for hands-on software development, system architecture design, or technical solution ownership.

Benefits

401K with company match
Insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
Paid-time off including vacation, sick leave, short term disability, and family care responsibilities
Access to the Employee Assistance Program
Eligibility for incentive compensation, including annual performance-based awards (excluding certain sales roles subject to sales incentive plans)
Eligibility for certain tax advantaged savings plans

Compensation

Salary range: $110,000 - $188,750 per year.

What we value

Strategic product leadership that translates business objectives into clear product direction and priorities
Strong problem-solving and decision-making in complex or ambiguous situations
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 across stakeholders, plus strong presentation and written communication skills
Ability to build alignment and drive accountability across complex initiatives
Excellent time management and organizational skills
Proficiency with Microsoft tools including Copilot, Teams, Excel, PowerPoint, and others

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