State Street India
State Street India | Global Accounting Operation - Emerging Lead
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Job Highlights
Responsibilities & tasks include
- The AR, BU Accountant will be responsible for booking of invoice accounting and day-to-day operation that provide support to Global Revenue Accounting group.
- In addition to Business As Usual (BAU) responsibilities as described above, this role will lead the process re-engineering, standardization, and automation efforts.
- O Daily Review the bank statement and post the receipts in AR module(Oracle R12 & Cloud, ORMB, SUN).
- O Required to participate in or conduct a wide range of accounting and financial analyses on AR accounting transactions.
- O Coordinate with onshore team / Accounting Policy to determine appropriate accounting treatment for complex transactions.
- O Participate in or manage function specific projects as needed.
- O Ensure 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.
- Book closure, Data movement from sub-ledger to ledger etc.
- Monitoring & Processing of Invoice correction and offset with open AR
- Invoice upload from billing system to accounting tool
- Follow up with the Business on aged billed items
- Write off on residual invoice/receipt batch
- Follow up on unapplied cash/aged debt balance
- Maintain accuracy of revenue accounting process
- Coordinate month-end close including preparation / oversight of manual journal entries Oversight of account reconciliations and certifications
- Prepare Regulatory and Internal reporting
- Perform SOX control testing
- Prepare and update process narratives/procedures and flow charts
- Respond to internal and external requests including variance analysis and inquires
- Participate in Ad Hoc projects and new transactions
Requirements
- O Degree in Accounting, Masters, Finance with 3-4 years of progressive experience in R2R areas.
- Understanding of international regulatory landscape, experience with statutory accounting/reporting groups across several major international geographies.
- Experience of performing day-to-day accounting operations, month-end and quarter-end activities.
- Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Outlook).
- Knowledge of Hyperion Essbase ,Oracle Financials.
- Good communication skills, presentation skills, prior experience of interacting with multiple stakeholders (Legal Entity and Geography controllers) in NA, EMEA, APAC.
- O Pride of ownership with the ability to deliver high quality results timely.
- Strong analytical and ability to analyze and summarize complex financial transactions.
- O Highly organized with ability to multi-task and work under high pressure deadlines.
- Must be able to work in a fast paced environment.
- Demonstrated capabilities by improving process
- Strong attention to details
About the company
State Street
State Street Corporation is a US financial services company headquartered in Boston, Massachusetts, with roots that go back to 1792. It is one of the world's largest custody banks and asset servicers: pension funds, mutual funds, insurers and other institutional investors rely on it for custody, fund accounting and fund administration, middle-office and data services, while its investment management arm, known for the SPDR exchange-traded funds, manages money for institutions and individuals.
In India, State Street works mainly through State Street Corporate Services Mumbai Private Limited, with offices in Bengaluru, Hyderabad, Mumbai, Pune, Chennai, Coimbatore, Gurugram, Noida and GIFT City. These teams serve State Street's global clients in fund accounting, NAV calculation, fund administration and financial reporting, reconciliations, transfer agency, regulatory reporting, risk and technology — work that suits B.Com, M.Com, CA, CMA, CFA and MBA (Finance) profiles.
