Global Accounting Operation - Manager

State Street

Bangalore, Karnataka
Permanent
Full-time

1 month ago

Basic Purpose of Job::The Revenue, AR, BU Accountant will be responsible for all aspects of revenue recognition, US GAAP, and day-to-day operation that provide support to Global Revenue Accounting group.This individual will provide subject matter expertise in the area of accounting related to Revenue Accounting which include:Accounts Receivable; Billed (including aging’s)Fee Reserve AnalysisRevenue Adjustments and Intercompany RevenueAccount Reconciliations & CertificationsMonitoring & Processing of Client Concessions / Revenue ReversalsProject management skillsSOX ControlsCash ApplicationsIn addition to Business As Usual (BAU) responsibilities as described above, this role will lead the process re-engineering, standardization, and automation efforts.Responsibilities & Tasks Include: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 accounting transactions. Coordinate with onshore team / Accounting Policy to determine appropriate accounting treatment for complex transactionsParticipate in or manage function specific projects as neededEnsure completion of deliverables within the committed timeframe including assistance with development of deliverable plans, attending deliverable specific or recurring meetings between the team and the onshore team.Perform the following Accounting activities:Daily:

Monitor General Ledger activity for accuracy based on US GAAP rules

Preparation of manual journal entries for cash application and performing reconciliation between bank v/s sub-ledger

Cash application of receivables

Follow up with the Business on aged billed items

Monthly:

Maintain accuracy of revenue accounting process

Coordinate month-end close including preparation / oversight of manual journal entries Oversight of account reconciliations and certifications

Perform SOX controls

Quarterly:

Prepare Regulatory and Internal reporting

Perform SOX control testing

Fee Reserve Analysis

Ad-Hoc:

Prepare and update process narratives/procedures and flow charts

Response to internal and external requests including variance analysis and inquires

Participate in Ad Hoc projects and new transactions

Perform user access reviews & certifications

List of Accounting systems:OracleVMWCBSMCHBadger Information Classification: Limited AccessCash Manager or InstructSalesforceSTARSEssbaseDiscoverer ViewerOracle FinappsProcess Re-Engineering, Standardization, and Automation:

Lead the process Re-Engineering, Standardization, Automation

Responsibility for ongoing process improvements

Responsibility for execution of right-placement strategy

Implementation support of the GAO process re-engineering and automation efforts

Job Requirements:Education and Experience:

Degree in Accounting, Masters, Chartered Accountant (CA)/PMP/MBA-Finance with 3-4 years of progressive experience in R2R areas with major financial institutions

Understanding of international regulatory landscape, experience with statutory accounting/reporting groups across several major international geographies.

Experience of building and maintaining strong control environment (risk excellence, experience with SOX, RCSA controls, etc.), establishing policies, procedures and strong internal controls.

Demonstrated leadership in improving/building-out the above process groups for multiple geographies and business areas

Extensive experience of managing teams performing day-to-day accounting operations, month-end and quarter-end activities for the above areas of accounting

Experience of leading re-engineering of R2R (record-to-report) processes and driving similar centralization of the end-to-end activities for the major financial institutions

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 Hyperion Essbase ,Oracle Financials

Knowledge of Spotfire, Tableau, Cognos data analytics 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

Good communication skills, presentation skills, prior experience of interacting with multiple stakeholders (Legal Entity and Geography controllers) in NA, EMEA, APAC

Pride of ownership with the ability to deliver high quality results timely

Strong analytical and ability to analyze and summarize complex financial transactions

Strong attention to details

Problem solving skill

Highly organized with ability to multi-task and work under high pressure deadlines

Must be able to work in a fast paced environment

Responsible for accurate documentation of Requirements for GAO for the Client Cash process. Assist tech writers with the required SOP's. Good understanding of AR and Revenue related process. Projects handled in the past with regards to process/system migration and new process/system set up will be advantage.

Prepare and update process narratives/procedures and flow charts

Response to internal and external requests and inquires on AR and revenue process

Participate in Ad Hoc projects and new transactions

Perform user access reviews & certifications and UAT

Responsible for accurate documentation of Requirements for GAO for the Client Cash process. Role requires working with CSO BA to document, and taking the new process through IT releases and Client conversions. Also provide support to the Production process as required. Assist tech writers with the required SOP's. Good understanding of AR and Revenue related process. Projects handled in the past with regards to process/system migration and new process/system set up will be advantage.

• Prepare and update process narratives/procedures and flow charts

• Response to internal and external requests and inquires on AR and revenue process

• Participate in Ad Hoc projects and new transactions

• Perform user access reviews & certifications and UAT

Oversight of Revenue team performing the following Accounting activities daily

• Monitor General Ledger activity for accuracy based on US GAAP rules

• Preparation of manual journal entries for accrual and adjustment revenue activities

Cash application of receivables

State Street

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