Gao specilized Accounting investment am

1 week ago

Bengaluru, Karnataka, India State Street Full time
Adjustments to USGAAP

  • Multiple internal entities
  • Internal transfers
  • Purchases and sales
  • Investment Accounting


In addition to Business As Usual (BAU) responsibilities as described above, this role will lead the process re-engineering, standardization, and automation efforts.


Responsibilities & Tasks Include:

Business As Usual (BAU) Activities:

  • Develop the team to adopt "owner's mind set", work independently, and effectively manage timelines
  • May be required to provide accounting analyses or research on critical and complex issues which may include variance analysis of accounting transactions related to the products supported.
  • Participate in or manage function specific projects as needed
  • Ensure high quality and completion of deliverables within the committed timeframe. Team deliverables revolve around;

Daily:

  • Monitor investment security realized gain/(loss) and prepare manual journal entries
  • Monitor investment security purchase and sale activity

Monthly:

  • Coordinate monthend close including prepare / review manual journal entries and export accounting system reports
  • Prepare account reconciliations and certification
  • Process adjustments to Treasury Data Repository (TDR), complete TDR data checks, and perform TDR reconciliations to ledger
  • Prepare Regulatory Reporting.

Quarterly:

  • Prepare Regulatory, SEC, and Internal reporting
  • Perform CCAR CFO attestation control testing
  • Perform SOX control testing

Annual:

  • Response Audit queries and submissions of reports to Auditors and Tax Team.

Ad-Hoc:

  • Prepare and update process narratives/procedures and flow charts
  • Response to internal and external requests including variance analysis and inquires
  • Participate in Ad Hoc projects and new transactions
  • General ledger account requests
  • Accounting systems maintenance and upgrade
  • Perform user access reviews & certifications
  • Perform analysis to support intercompany transfers, prepare automated transfer processing file, validate transfers, and prepare manual journal entries

Process Re-Engineering, Standardization, and Automation:

  • Responsibility for ongoing process improvements
  • Assist in implementation of the GAO process reengineering and automation efforts

Job Requirements:

Education and Experience:

  • Master's Degree in Accounting, Chartered Accountant (CA) and Certified Public Accountant (CPA)/MBA-Finance with 57 years of progressive experience in R2R areas with major financial institutions
  • Extensive practical experience and knowledge of the US GAAP and IFRS accounting standards for the above areas, experience with other accounting standards (German, etc.) is a plus
  • In depth knowledge of Accounting for Certain Investments in Debt and Equity Securities ASC 320 former FAS11
  • Understanding of international regulatory landscape, experience with statutory accounting/reporting groups across several major international geographies.
  • Experience of building and maintaining strong control environment (risk excellence, experience with SOX, RCSA controls, etc.), establishing, procedures and strong internal controls.
  • Experience working with multigeographical processes process
  • Extensive experience performing daytoday accounting operations, monthend and quarterend activities for the above areas of accounting
  • Experience with R2R (recordtoreport) centralized processes

Skills required:

  • Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word), advance levels of Excel (pivot tables, formulas, excel workbook maintenance best practices)
  • Knowledge of Hyperion Essbase ,Oracle Financials.
  • Knowledge of Spotfire, Cognos data analytics and visualization (or similar) a plus
  • Conceptual understanding of companywide financial architecture (GL, subGL technology, specialized tools) applicable to the above process groups of processes
  • Excellent communication skills, prior experience of interacting with multiple stakeholders (Legal Entity and Geography controllers) in NA, EMEA, APAC
  • Independent decisionmaking capabilities
  • Pride of ownership with the ability to deliver high quality results timely
  • Selfmotivated, selfassured, and selfmanaged
  • Strong analytical ability to analyze and summarize financial transactions related to the products supported
  • Strong attention to details
  • Problem solving skill
  • Highly organized with ability to multitask and work under high pressure deadlines
  • Must be able to work in a fast paced environment

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