Global Billing Operations

Functional Job Title : ORMB Billing Manager Reports to : Billing AVPDepartment/ Division : Controllership, HyderabadBackground: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:The ORMB Setup and Billing Manager provides subject matter knowledge and issues and escalation management in the assigned area of client billing and invoice creation. The candidate develops a thorough understanding of State Street's business practices to effectively perform independent, complex platform configuration, data collection and analysis. Client/Fee schedule is very the most important function of GBO and have the direct impact on downstream process hence the role need eye for detail. Reporting to the Billing AVP, the officer will be assigned to the Billing COE, working remotely alongside in-market team members to close a multitude of activities associated with client setup and invoice generation and analytics of the assigned business units (BU).Work Experiences:Bachelor's/Master's Degree in Finance, Chartered Accountant (CA) or preferred Certified Public Accountant (CPA)/MBA Finance) 7-9 years of progressive experience in Accounts receivable, banking areas with major financial institutions Financial Planning & Analysis in a global settingComplex operational setting involving analysis of financial dataDirect support to business or product line management / executives Financial services settingWell Versed with ERP ORMB - good knowledge, experienceWell versed with O2C process, system automation etcProject experienceVariance analysis and reporting of insightsFinancial modelling Billing operationsRevenue accrualSkills:Excellent interpersonal, written, and verbal communication skills, with the ability to interface effectively with individuals at various levels, both internal and externalAnalytical, with strong problem-solving abilities and creative resolution skillsSelf-motivated, with the ability to work on multiple projects in a fast-paced environmentComfortable presenting and pitching new ideas to senior management teams in large settingsAbility to remain organized, pay strict attention to detail, and meet critical deadlines within a high volume, fast-paced environmentMust be able to work in a fast paced environmentDetailed orientated with ability to consistently and accurately execute against operational controlsAbility 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 seniorityPride of ownership with the ability to drive results within the BusinessSolid business knowledge as it relates to the financial services industry Strong Analytical skill set Financial product and institution knowledgeSelf-motivated, self-assured, and self-managedResults oriented ownership mindsetAbility to multi-task and work under high pressure deadlinesBusiness As Usual (BAU) Activities:Collaborate closely with the onshore team to understand expectations and deliverable timelines and ensure that deliverables of the team are load balanced as compared to team staffing. Develop the team to adopt "owner's mind set", work independently, and effectively manage timelines Manage resources to assist with ad-hoc projects and new transactions to support the GBO controller groupLead the day to day activities of Client Set-up Global level engagement to onboard the client and fee schedule on different billing platform.Provide support to key stakeholders of the team to present analytical results, findingsFirst point of escalation within the local reporting line for dealing with issues (people/process/technology) and ensuring that compliance requirements are adhered to (e.g. company policies surrounding standard of conduct, information security, employment regulations)May be required to 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 particular Set-up transactions. Coordinate with onshore team treatment for complex transactionsCoaches the team and works with onshore leadership to establish the team member goals and gather feedback for performance appraisals. Participate in or manage function specific projects as neededEnsure completion of deliverable within the committed timeframe including assistance with development of deliverable plans, attending deliverable specific or recurring meetings between the team and the onshore team.  Team deliverable revolve aroundExpectations:Knowledge of various services and industry trends of billing methods for those services like Custody services, Sub custodian, Transfer Agent services and out pocket expense billing, asset management etc.Should have knowledge on setting up clients in banking sectorDemonstrated knowledge in improving the billing function for multiple geographies and business areas.Other 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 billing systemsConceptual understanding of company-wide financial architecture (GL, sub-GL technology, specialized tools) applicable to the above process groups of processesIndependent decision-making capabilities, demonstrated thought leadershipPride of ownership with the ability to deliver high quality results timelySelf-motivated, self-assured, and self-managedStrong analytical and ability to analyze and summarize complex financial transactionsStrong attention to detailsProblem solving skillHighly organized with ability to multi-task and work under high pressure deadlinesMust be able to work in a fast paced environmentAbout State StreetAcross 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 CEO Statement