State Street India | Revenue_Accounting_AVP

Responsibilities

• The Revenue, AR, BU Accounting SME will be responsible for all aspects of revenue recognition, US GAAP, and day-to-day management of a team of experienced Accounting professionals 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.
• May serve as a subject matter expert on particular accounting transactions.
• Reports to : Revenue, AR, BU Accounting and Billing GPO – VP.
• Monitoring & Processing of Client Concessions / Revenue Reversals.
• 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 GAO Accounting controller group.
• Lead the day to day activities of an accounting team that is performing Revenue Accounting.
• Provide support to key stakeholders of the team to present analytical results, findings.
• Coordinate with onshore team / Accounting Policy to determine appropriate accounting treatment for complex transactions.
• Participate in or manage function specific projects as needed.
• 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.
• Collaborate with Revenue Operations (Billing) teams on initiatives, errors, new contracts, etc.
• Monitor General Ledger activity for accuracy based on US GAAP rules.
• Preparation of manual journal entries for accrual and adjustment revenue activities.
• Maintain accuracy of revenue accrual process.
• Coordinate month-end close including preparation / oversight of manual journal entries Oversight of account reconciliations and certifications.
• Prepare Regulatory and Internal reporting.
• Prepare and update process narratives/procedures and flow charts.
• Participate in Ad Hoc projects and new transactions.
• Perform user access reviews & certifications.
• Lead the process Re-Engineering, Standardization, Automation.
• Implementation support of the GAO process re-engineering and automation efforts.
• Performing managerial reasonableness reviews and discussing reporting & analytics deliverables prepared by the team to ensure results make sense, that messaging is on point for the audience and ensuring the core objective of the deliverable is met

Requirements

• Master’s Degree in Accounting, Chartered Accountant (CA) or Certified Public Accountant (CPA)/MBA-Finance with 12-14 years of progressive experience in R2R areas with major financial institutions.
• Extensive practical experience and knowledge of the US GAAP and IFRS accounting standards.
• In-depth knowledge of the supported products.
• 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.
• 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, Alteryx, Python, RPA, PowerBI 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.
• Senior-level communication skills, presentation skills, prior experience of interacting with multiple stakeholders (Legal Entity and Geography controllers) in NA, EMEA, APAC.
• First or second level management expertise required.
• Pride of ownership with the ability to deliver high quality results timely.
• Strong analytical and ability to analyze and summarize complex financial transactions.
• Highly organized with ability to multi-task and work under high pressure deadlines.
• Must be able to work in a fast paced environment.
• Self-motivated, self-assured, and self-managed
• Strong attention to details

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.

• Industry: Financial services — custody, fund services and investment management
• Headquarters: Boston, Massachusetts, USA
• In India: Offices in Bengaluru, Hyderabad, Mumbai, Pune, Chennai, Coimbatore, Gurugram, Noida and GIFT City (Gandhinagar)