Functional Job Title:         : Balance Sheet Substantiation – Manager

Reports to                              : Balance Sheet Substantiation – Senior Manager/AVP

Department/ Division      : Controllers/Finance

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.
• Revenue accounting
• Expense accounting
• Specialized product accounting
• Cash and deposit governance
• Project accounting
• Balance sheet substantiation and system to system reconciliations
• Transfer pricing
• 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 for all operational Balance Sheet Substantiation activities in the Hub
• Partners with GPO to drive process and controls improvements and process automation
• Ability to partner with internal and other teams and ensure successful delivery of Balance Sheet Substantiation projects/initiatives

Responsibilities & Tasks Include:

Business as Usual (BAU) Activities:

• Ensure all Reconciliations are prepared in line with the requirements of the Balance Sheer Reconciliation Policy
• Ensure proper reconciliation controls are in place and are adhered to at all times
• Close monitoring of exceptions and providing timely update to management on the resolution status
• Ensure that accounting processes and procedures are followed and completed to support and reinforce key business objectives
• Meeting SLA requirements and maintaining high Balanced Scorecard ratings
• Work closely with IT, Vendor and project team to improve the reconciliation process
• Escalate any issues to line manager and avoid any unfavorable impact on process delivery.
• Adhere to and complete all requirements of the GAO Control Hub
• Identify potential risks and remediation of process deficiencies
• Certification of self and team members on all trainings rolled out by the Learning and Development teams from time to time.

Process Re-Engineering, Automation and Change Management

• Partnering with GPO, FRIBS and Technology to drive process re-engineering, automation and change management
• Partner with various teams and ensure successful delivery of the projects/initiatives of Balance Sheet Substantiation Team
• Implementation support of the GAO process re-engineering and automation (accounting technology roll-out, new entities set up, restructures, conversions)

Job Requirements:

Education and Experience:

• Bachelor/Master Degree in Finance or MBA
• Accounting Qualification (ACA, ACCA, CPA, CIMA) a plus
• 8-10 years of progressive experience in Balance Sheet Substantiation, Accounting Operations, Controllers, Business Controls, Finance & Risk Assurance.
• Experience in controllership or reconciliations process in a Shared Services environment.
• Extensive experience and knowledge of the US GAAP and IFRS accounting standards.
• Hands on experience in creating and maintaining strong controls environment.

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 (ARCS) is preferred.
• Independent decision-making capabilities, demonstrated thought leadership.
• Pride of ownership with the ability to deliver high quality results timely
• Self-motivated, self-assured, and self-managed
• Strong analytical and ability to analyze and summarize complex financial transactions
• Strong attention to details and 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

About State Street

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