Functional Job Title: Assistant Manager - Expense Accounting

Reports to- AVP

Background:

State Street Global Accounting Operations (GAO) is a process-driven function responsible for all Record-to-Report (R2R) processes within Controllers including:

Integrated close and intercompany.
Revenue accounting
Expense accounting
Specialized product accounting
Cash and deposit governance
Project accounting
Balance sheet substantiation and system to system reconciliations
Transfer pricing
Financial Systems Support
Each global process above is managed by a Global Process Owner (GPO) who owns all aspects of BAU production work, process re-engineering, and automation.

Goal of the position:

Accountable to manage end to end Expense Accounting, reporting activities from GFC (Global Finance Centre).
Partner with GPO to drive process and controls improvements and process automation.
Successful delivery of Transformation & Re-engineering projects
Responsibilities & Tasks
Perform month-end, quarter-end, and year-end close processes to verify all entries have been created and posted, ensuring completeness, accuracy, and reporting integrity.
Prepare, Review and post journal entries to record accrued expenses in the correct period, amortize prepaid expenses and fixed assets while maintaining schedules that tie to the balance sheet.
Ensure an accurate and timely period-end close by ensuring all transactions are recorded, journal entries are posted, accounts are reconciled where needed and consolidated at required level.
Manage time to assist with ad-hoc projects and new transactions to support the GAO Accounting group.
Process Intercompany expense settlements.
Prepare Regulatory, SEC, and Internal reporting.
Provide support to key stakeholders of the team to present analytical results, findings.
Be the first point of contact for assigned account and ensure that compliance requirements are adhered to (e.g. company policies surrounding standard of conduct, information security, employment regulations)
Reconcile bank, prepaid and accrual accounts, against the supporting and facilitate any entries if required.
Participate in or conduct a wide range of accounting and financial analyses on critical and complex issues which may include variance analysis and accounting transactions.
May serve as a subject matter expert on a particular accounting transaction.
Support with queries from regulatory authorities and external auditors
Work with and support the team in day-to-day activities including issues requiring judgement and expertise.
Ensure SOPs are updated with the most recent procedure.
Participate & contribute Re-Engineering, Automation and other ERP Implementation Initiatives.
Education and Experience:
Bachelor/master's degree in finance or MBA
Accounting qualification (ACA, ACCA, CPA, CIMA)
8-10 years of progressive experience in Accounting Operations, Controllers in Record to Report.
Experience of working in Controllership/Accounting teams in a Shared Services environment
Extensive practical experience and knowledge of the US GAAP and IFRS accounting standards
Experience of building and maintaining strong control environment (risk excellence, experience with SOX, RCSA controls, etc.), establishing procedures and strong internal controls.
Experience of leading/working redesign, centralization, standardization and automation of R2R processes
Experience of implementing accounting technology (Oracle, SAP) in a major institution
Hands on experience in creating and maintaining strong control environment.
Skills required:
Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio), advance levels of Excel (pivot tables, formulas, excel workbook maintenance best practices)
Knowledge of Essbase, Oracle Financials
Knowledge of Spotfire, Tableau, data analytics, Macros and visualization (or similar) a plus
Conceptual understanding of company-wide financial architecture (GL, sub-GL technology, specialized tools) applicable to the above process groups of processes
Strong analytical and ability to analyse and summarize complex financial transactions.
Strong attention to details & Problem-solving skill.
Good knowledge of accounting concepts related to Profit and Loss Account and Balance sheet.
Ability to prioritize workload, meet deadlines and manage multiple assignments simultaneously.
Must be able to work in a fast-paced environment.
Problem solving skill.
Highly organized with ability to multi-task and work under high pressure deadlines.

About State Street

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Expense Accounting - Assistant Manager