Controller, SrAssc at State Street Corporation - United States

Bengaluru, karnataka, India -

Full Time

Start Date

Immediate

Expiry Date

04 Oct, 26

Salary

0.0

Posted On

06 Jul, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Expense Accounting, Record to Report, US GAAP, IFRS, SOX Compliance, Variance Analysis, Microsoft Excel, Oracle Financials, Essbase, Spotfire, Tableau, Data Analytics, Financial Reporting, Balance Sheet Substantiation, Internal Controls, Journal Entries

Industry

Financial Services

Description

Functional Job Title: Assistant Manager (IC Role) – Expense Accounting Reports to – Assistant Vice President 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. Prepare month end variance analysis & explain the variance to support 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) 6-8 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. 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 attention to details & Problem-solving skill. Good knowledge of accounting concepts related to Profit and Loss Account and Balance sheet. 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. Independent decision-making capabilities demonstrated thought leadership. Strong analytical and ability to analyze and summarize complex financial transaction. 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. Discover more information on jobs at StateStreet.com/careers Read our CEO Statement 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. Discover more information on jobs at StateStreet.com/careers Read our CEO Statement

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Responsibilities

Manage end-to-end expense accounting and reporting activities, including month-end, quarter-end, and year-end close processes. Partner with the Global Process Owner to drive process automation, controls improvement, and re-engineering projects.