State Street India | Revenue - ORMB - Assistant Manager

Responsibilities

• GAO is a process-focused organization responsible for the majority of the record-to-report (R2R) activities performed at State Street.
• To achieve this objective, GAO has been structured into several distinct global units each is responsible for all aspects of selected major groups of R2R activities, such as Close & Consolidations, Revenue/Expense Accounting, Payroll Accouting, Intercompany Transactions, Specialized/Producting Accounting, Cash/Deposit governance and others.
• The Revenue Accounting SME will be responsible for all aspects of revenue recognition, US GAAP, and day-to-day management and 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 Accounting Lead.
• Driven by the Beacon initiatives, functionalization of the corporate functions and re-alignment of the Finance Operating Model, State Street has established the Global Accounting Operations (GAO) organization in 2017.
• 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 process that is performing Revenue Accounting.
• Performing reasonableness reviews and discussing reporting & analytics deliverables to ensure results make sense, that messaging is on point for the audience and ensuring the core objective of the deliverable is met.
• 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.
• Coaches the team and works with onshore leadership to establish the team member goals and gather feedback for performance appraisals. 

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.
• 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)