Billing Transformation

Job Description Functional Job Title : Billing Transformation - Conversion -Senior Associate Reports to : BTP Manager Department/ Division : Controllership, Bangalore Background: 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 Service locations in Poland, India and China. Billing Organization owns aspects of business-as-usual activities within billing areas and also drives process improvements and automation.. Basic Purpose of Job: We are searching for those who are fueled by an inner drive to make a difference and to push their professional and technical capabilities to the next level. If you are someone who wants to become the go to person or the subject matter expert in this field, then Statestreet Billing setup team is the place for you. With wide range of subject knowledge and opportunities. You will be part of the of biggest re-engineering project in Statestreet Global billing Transformation. Providing subject matter knowledge in the assigned area of end to end client billing setup and invoice creation. Understanding of State Street's business practices to effectively perform independent, complex platform configuration, data collection & analysis and invoice calculations. Working remotely alongside in-market team members to close a multitude of activities associated with client billing process and analytics of the assigned business units (BU) Responsibilities & Tasks Include: - Interpretation of complex fee schedules for different businesses with different requirement, regular interaction with BU to understand the need of the business. - Completion of high quality deliverables within the committed timeframe. Deliverables vary by BU focus but typically relate to - Analysis of new client revenue arrangements including engagement with local business units to validate instructions and understand client revenue intent - Configuration of the client fee schedule in billing platform - Collection of raw data used in the billing process including execution of data quality controls - Engage with Billing Transformation PMO to convert new clients and evolve processes and controls based on learnings from converted clients - Monthly revenue waterfalls - Self-review of reporting & analytics deliverables for first pass accuracy and presenting analytical results, findings as needed - General responsibility for particular fee schedule activities, such as fee schedule set-up and maintenance review. - May be required to participate in or conduct a wide range of accounting and financial analyses on critical and complex issues which may include evaluating the configuration, data and control environment for new clients converting to the environment - Serves as a subject matter expert on a particular financial management matter - Participates in or manages function specific projects as needed - May develop and/or update various financial models to generate analyses - Prepares reports and presentations packages. Interprets results for management. - May provide guidance to less seasoned analysts Job Requirements: Education and Experience: - Bachelors/Master's Degree in Finance, with 5-7 years of progressive experience in Billing areas with major financial institutions - Financial Planning & Analysis in a global setting - Complex operational setting involving analysis of financial data - Direct support to business or product line management / executives - Financial services setting - Experience with preparation of budgets for multi-national companies - Multi-dimensional profitability (business, product, client) - Project experience - Variance analysis and reporting of insights - Financial modelling - Billing operations - Revenue accrual Skills/ Knowledge: - Must be able to work in a fast paced environment - Detailed orientated with ability to consistently and accurately execute against operational controls - Ability to adapt to a changing environment and demands of transition of new clients - Must possess strong communication skills with ability to participate in or lead conference calls and present financial results to financial and non-financial audiences at various levels of seniority - Pride of ownership with the ability to drive results within the Business - Solid business knowledge as it relates to the financial services industry - Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio), advanced levels of excel (pivot tables, formulas, excel workbook maintenance best practices) - Strong Analytical skill set - Financial product and institution knowledge - This is a visible role. Excellent communication, organizational and presentation skills, and ability to present complex financial matters to management - Self-motivated, self-assured, and self-managed - Results oriented ownership mindset - Ability to multi-task and work under high pressure deadlines 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 Read our