Global Accounting Operations, Balance Sheet Substantiation – Emerging Lead
2 weeks ago
Job Profile Bangalore
Functional Job Title: : Balance Sheet Substantiation – Emerging Lead
Reports to : Balance Sheet Substantiation – Manager/Senior Manager
Department/ Division : Controllers/Finance
Background:
Driven by the State Street Beacon initiative, functionalization of corporate functions and re-alignment of the Finance operating model, State Street has established Global Accounting Operations (GAO) in 2017. 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
- Accounts payable
- Project accounting
- Balance sheet substantiation and system to system reconciliations
- Transfer pricing
- Client profitability
- Management allocations
- 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.
Organizationally GAO combines all groups performing these activities globally – approximately 500 employees as of 1Q19.
Majority of GAO capacity (circa 80%) is concentrated in 2 Global and 2 Regional GAO Hubs where activities are organized by process:
- Global GAO Hub in Bangalore, India (captive)
- GAO Production Hub in Coimbatore and Chennai (State Street/HCL JV)
- EMEA Regional GAO Hub in Krakow, Poland (captive)
- APAC Regional GAO Hub in Hangzhou, China (captive)
Remaining 20% of activities reside within Regional Service Delivery Teams supporting NAM, EMEA and APAC regions. These teams are organized by business unit and material legal entity and act as an interface between Global and Regional Hubs and non-GAO stakeholders – Controllers, FP&A, Treasury, and Tax etc.
Goal of the position:
- Emerging lead in this role will be responsible for supporting the preparation and review of monthly balance sheet reconciliations.
- Partners with Line manager to drive process improvements, controls and process automation.
- Successful delivery of the Balance Sheet Substantiation Remediation Project for the assigned region.
Responsibilities & Tasks Include:
Business as Usual (BAU) Activities:
Perform and review monthly Balance sheet reconciliations for various assigned accounts on a timely basis to a high standard. Perform self review and identify key risks and opportunities to improve. Work closely with other teams within GAO to ensure approved substantiation policies are adhered. Ensure all the open items on these reconcilaitions are correctly recorded and timely cleared. Ensure all agreed SLAs for the assigned processes are met. Accountable for the delivery of any monthly reporting activity assigned. Prepare high quality internal control documentation and standard operating procedures. Escalate any issues to line manager and avoid any unfavourable impact on process delivery. Establish strong working relationships with key stakeholders, own and proactively manage key relationships.
Process Re-Engineering, Automation and Change Management
- Continuous process improvement leveraging GAO ideation and maintain tracking frameworks.
- Partners with Line managers to drive process and controls improvements and process automation.
Job Requirements:
Education and Experience:
- Bachelor/Master Degree in Finance or MBA
- 4-6 years of progressive experience in Balance Sheet Substantiation, Accounting Operations, Controllers, Business Controls, Finance & Risk Assurance.
- Experience in Balance sheet reconciliations process in a Shared Services environment a plus
- Experience and knowledge of the US GAAP and IFRS accounting standards
- Hands on experience in creating and maintaining strong controls environment
Skills required:
- Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio),
- Knowledge of Hyperion Essbase, Oracle Financials a plus
- Pride of ownership with the ability to deliver high quality results timely
- Strong attention to details
- Problem solving skill
- Highly organized with ability to multi-task and work under high pressure deadlines
- Must be able to work in a fast-paced environment
For further information, and to apply, please visit our website via the "Apply" button below.
-
Balance Sheet Substantiation
4 days ago
Bengaluru, Karnataka, India State Street Full timeFunctional Job Title:: Balance Sheet Substantiation – Team Lead Reports to: Balance Sheet Substantiation -Manager/Senior Manager Department/ Division: Controllers/Finance Background: Driven by the State Street Beacon initiative, functionalization of corporate functions, and re-alignment of the Finance operating model, State Street has established Global...
-
Global Billing Operations
1 month ago
Bengaluru, Karnataka, India State Street Full timeBackground:State Street has established a Global Billing Function under Controllership, which is responsible for client billing set up and invoicing across all business lines and geographies globally at State Street. Organizationally, it combines all groups performing these activities globally, and also includes centers residing in State Street Shared...
-
Global Accounting Operations
2 weeks ago
Bengaluru, Karnataka, India State Street Full timeBasic Purpose of Job:: The AR, BU Accountant will be responsible for booking of invoice accounting and day-to-day operation that provide support to Global Revenue Accounting group. This individual will provide subject matter expertise in the area of accounting related to AR Accounting which include:o Accounts Receivable; Billed (including aging's)o Fee...
-
Global Accounting Operations
2 weeks ago
Bengaluru, Karnataka, India State Street Full timeBasic Purpose of Job:The AR, BU Accountant will be responsible for booking of invoice accounting and day-to-day operation that provide support to Global Revenue Accounting group. This individual will provide subject matter expertise in the area of accounting related to AR Accounting which include:Accounts Receivable; Billed (including aging's)Fee Reserve...
-
Global Accounting Operations
4 days ago
Bengaluru, Karnataka, India State Street Full timeJob Description Basic Purpose of Job: The Revenue, AR, BU Accounting SME will be responsible for all aspects of revenue recognition, US GAAP, and day-to-day management of a team of experienced Accounting professionals that provide support to Global Revenue Accounting group. This individual will provide subject matter expertise in the area of accounting...
-
Global Accounting Operations
4 days ago
Bengaluru, Karnataka, India State Street Full timeJob DescriptionBasic Purpose of Job::The Revenue, AR, BU Accounting SME will be responsible for all aspects of revenue recognition, US GAAP, and day-to-day management of a team of experienced Accounting professionals that provide support to Global Revenue Accounting group. This individual will provide subject matter expertise in the area of accounting...
-
Global Billing Operations
4 days ago
Bengaluru, Karnataka, India State Street Full timeBackground:State Street has established a Global Billing Function under Controllership, which is responsible for client billing set up and invoicing across all business lines and geographies globally at State Street. Organizationally, it combines all groups performing these activities globally, and includes centers residing in State Street Shared Service...
-
Senior Accountant
2 weeks ago
Bengaluru, Karnataka, India NTT Full timeNTT is a leading global IT solutions and services organisation that brings together people, data and things to create a better and more sustainable future.In today's 'iNTTerconnected' world, connections matter more now than ever. By bringing together talented people, world-class technology partners and emerging innovators, we help our clients solve some of...
-
Bengaluru, Karnataka, India ABB Full timeAccounting & Reporting Specialist - General AccountingTake your next career step at ABB with a global team that is energizing the transformation of society and industry to achieve a more productive, sustainable future.At ABB, we have the clear goal of driving diversity and inclusion across all dimensions: gender, LGBTQ+, abilities, ethnicity and generations....
-
Bengaluru, Karnataka, India ABB Full timeAccounting & Reporting Specialist - General AccountingTake your next career step at ABB with a global team that is energizing the transformation of society and industry to achieve a more productive, sustainable future.At ABB, we have the clear goal of driving diversity and inclusion across all dimensions: gender, LGBTQ+, abilities, ethnicity and generations....
-
Global Accounting Operation
1 month ago
Bengaluru, Karnataka, India State Street Full timeBasic Purpose of Job:The Revenue, AR, BU Accountant will be responsible for all aspects of revenue recognition, US GAAP, and day-to-day operation that provide support to Global Revenue Accounting group. This individual will provide subject matter expertise in the area of accounting related to Revenue Accounting which include:Accounts Receivable; Billed...
-
Associate Financial Accountant
4 days ago
Bengaluru, Karnataka, India NTT Full timeNTT is a leading global IT solutions and services organisation that brings together people, data and things to create a better and more sustainable future.In today's 'iNTTerconnected' world, connections matter more now than ever. By bringing together talented people, world-class technology partners and emerging innovators, we help our clients solve some of...
-
RFP - Emerging Lead- Global Advisors
1 month ago
Bengaluru, Karnataka, India State Street Full timeThe institutional asset management industry is evolving. Clients need more than products; they need a trusted partner and advisor with a deep understanding of their needs who can help them achieve their goals. State Street Global Advisors is seeking a talented individual who can support and enable our client facing teams to succeed in this environment. Are...
-
Bengaluru, Karnataka, India ABB Full timeAccounting & Reporting Specialist - General AccountingJoin a dynamic team at ABB dedicated to reshaping society and industry towards a more efficient and sustainable future.ABB is committed to promoting diversity and inclusion in all aspects: gender, LGBTQ+, abilities, ethnicity, and generations. We are on a collective journey where we value and embrace...
-
Global Billing Operation
4 weeks ago
Bengaluru, Karnataka, India State Street Full timeState Street has established a Global Billing Function under Controllership, which is responsible for client billing set up and invoicing across all business lines and geographies globally at State Street. Organizationally, it combines all groups performing these activities globally, and also includes centers residing in State Street Shared Service locations...
-
Global Billing Operation
1 month ago
Bengaluru, Karnataka, India State Street Full timeState Street has established a Global Billing Function under Controllership, which is responsible for client billing set up and invoicing across all business lines and geographies globally at State Street. Organizationally, it combines all groups performing these activities globally, and also includes centers residing in State Street Shared Service locations...
-
Senior Team Lead, Services Operations
1 week ago
Bengaluru, Karnataka, India NTT Full timeNTT is a leading global IT solutions and services organisation that brings together people, data and things to create a better and more sustainable future.In today's 'iNTTerconnected' world, connections matter more now than ever. By bringing together talented people, world-class technology partners and emerging innovators, we help our clients solve some of...
-
Manager, Global Support Engineering
4 days ago
Bengaluru, Karnataka, India NTT Full timeNTT is a leading global IT solutions and services organisation that brings together people, data and things to create a better and more sustainable future.In today's 'iNTTerconnected' world, connections matter more now than ever. By bringing together talented people, world-class technology partners and emerging innovators, we help our clients solve some of...
-
Team Lead, Managed Services Operations
1 week ago
Bengaluru, Karnataka, India NTT Full timeNTT is a leading global IT solutions and services organisation that brings together people, data and things to create a better and more sustainable future.In today's interconnected world, connections matter more now than ever. By bringing together talented individuals, top-tier technology partners, and emerging innovators, we assist our clients in tackling...
-
Global Treasury/FaCT Operations
4 weeks ago
Bengaluru, Karnataka, India State Street Full timeWho are we looking forAn experienced leader for our Global Treasury Operations group, responsible for managing a team of Treasury Investment Portfolio and Liability Management specialists providing end to end Operations support. You will possess extensive knowledge and experience in Global Treasury Investment Portfolio and Liability Management products in...