Expense Accounting

1 month ago


Bengaluru, Karnataka, India State Street Full time

Functional Job Title: Manager – 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.
  • 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.
  • 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)
  • 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
  • Support overall team goals and objectives.
Education and Experience:
  • Bachelor/master's degree in finance or MBA
  • Accounting qualification (ACA, ACCA, CPA, CIMA)
  • 7-10 years of progressive experience in Accounting Operations, Controllers in Record to Report.
  • In depth knowledge of Payroll accounting along with US & Canadian Payroll Taxes including EMA and APAC region Extensive practical experience and knowledge of the US GAAP and IFRS accounting standards.
  • In depth knowledge of Employee Benefit Withholding accounts.
  • 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 ofR2R 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
  • Self-motivated, self-assured, and self-managed
  • Strong analytical and ability to analyze 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.
  • Highly organized with ability to multi-task and work under high pressure deadlines
For further information, and to apply, please visit our website via the "Apply" button below.

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