Senior Accounting Operations Manager
2 weeks ago
Job Summary
State Street is seeking a highly skilled and experienced Assistant Manager to lead the Expense Accounting team in the Global Accounting Operations function.
About the Role
- Lead the Expense Accounting team in the Global Accounting Operations function, responsible for all Record-to-Report (R2R) processes within Controllers.
- Partner with the Global Process Owner to drive process and controls improvements and process automation.
- Deliver Transformation & Re-engineering projects to drive business excellence.
Key Responsibilities
- Manage end-to-end Expense Accounting, reporting activities from GFC (Global Finance Centre).
- 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.
- Prepare, Review and post journal entries to record accrued expenses in the correct period, amortize prepaid expenses and fixed assets while maintaining schedules that tie to the balance sheet.
- 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.
- Prepare month end variance analysis & explain the variance to support key stakeholders of the team to present analytical results, findings.
- 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)
- Reconcile bank, prepaid and accrual accounts, against the supporting and facilitate any entries if required.
- 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 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
Requirements
- Bachelor/master's degree in finance or MBA.
- Accounting qualification (ACA, ACCA, CPA, CIMA).
- 6-8 years of progressive experience in Accounting Operations, Controllers in Record to Report.
- Experience of working in Controllership/Accounting teams in a Shared Services environment.
- Extensive practical experience and knowledge of the US GAAP and IFRS accounting standards.
- Experience of building and maintaining strong control environment (risk excellence, experience with SOX, RCSA controls, etc.), establishing procedures and strong internal controls.
- Hands on experience in creating and maintaining strong control environment.
Preferred Skills
- 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.
- Strong attention to details & Problem-solving skill.
- Good knowledge of accounting concepts related to Profit and Loss Account and Balance sheet.
- Must be able to work in a fast-paced environment.
- Problem solving skill.
- Highly organized with ability to multi-task and work under high pressure deadlines.
- Independent decision-making capabilities demonstrated thought leadership.
- Strong analytical and ability to analyze and summarize complex financial transaction.
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