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.
Specialized product accounting
Cash and deposit governance
Balance sheet substantiation and system to system reconciliations
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.
Prepare, Review of Accrual Workings 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.
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)
Reconcile bank, prepaid and accrual accounts, against the supporting and facilitate any entries if required.
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.
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.
Experience of implementing accounting technology (Oracle, SAP) in a major institution
Hands on experience in creating and maintaining strong control environment.
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