Assistant Manager-Balance Sheet Substantiation-4

State Street.
Bangalore, India
Not disclosed
07 Feb 2023
13 Feb 2023
Contract type
Full time
Experience level
Functional Job Title: Balance Sheet Substantiation – Assistant Manager – Techno/Systems

Reports to: Balance Sheet Substantiation -Manager/Senior Manager

Department/ Division: Controllers/Finance


Driven by the State Street Beacon initiative, functionalization of corporate functions and re-alignment of the Finance operating model, State Street has established Global Accounting Operations (GAO) in 2017. 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
  • Management allocations
  • 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.

Majority of GAO capacity (circa 80%) is concentrated in 2 Global and 2 Regional GAO Hubs where activities are organized by process:

  • Global GAO Hub in Bangalore, India (captive)
  • GAO Production Hub in Coimbatore and Chennai (State Street/HCL JV)
  • EMEA Regional GAO Hub in Krakow, Poland (captive)
  • APAC Regional GAO Hub in Hangzhou, China (captive)
Remaining 20% of activities reside within Regional Service Delivery Teams supporting NAM, EMEA and APAC regions. These teams are organized by business unit and material legal entity and act as an interface between Global and Regional Hubs and non-GAO stakeholders – Controllers, FP&A, Treasury, and Tax etc.
Key Responsibilities
  • Designing automation processes as per the operational needs of an organization
  • Scripting and coding in any RPA tool to resolve automation issues
  • Reviewing the code and the design and also providing expertise in the development, and integration of systems by understanding business processes and working on developing prototypes
  • Configuring new automation with efficient and easily understandable automation tools
  • Documenting the automation procedures
  • Support change control best practices, including management of multiple code/configuration streams, code/Configuration merging, and promoting changes to production
  • Preparing process design documents, technical design documents in Automation space
  • Ability to guide the team through entire SDLC cycle and review completed work effectively
  • Perform code review, design review and provide direction to and technical expertise in design , development & systems integration
  • Provide technical training to team during implementation, and experience in trouble shooting RPA development processes
  • Lead the efforts related to Automation, RPA technology and architecture working closely with IT, team
  • Ability to understand financial systems architecture, drive efficiencies and develop governance framework
  • Accountable for all Technical/Operational aspect of the Oracle ARCS application
  • Facilitate with Business Teams and Project teams to drive process controls , improvements to drive seemless functioning of BAU
  • Ability to partner with internal and onshore teams and ensure successful delivery of Balance Sheet Substantiation projects/initiatives
  • Creation of project plan, BRDs, FSDs, CRP and UAT document for project simulations and testing.
  • Assist in the development of of additional controls and identification of preventative measures
  • Assisting in  Requirements gathering, Gap Analysis and Facilitate testing, record deviations, close gaps and ensure seemless BAU transitions
  • Work closely with IT, Vendor and project team  to improve the reconciliation process
  • Creating procedures and keeping current procedures up to date per BSS Policy
  • Meeting SLA requirements and maintaining high Balanced Scorecard ratings
  • Escalate any issues to line manager and avoid any unfavourable impact on process delivery.
  • Adhere to and complete all requirements of the GAO Control Hub
Process Re-Engineering, Automation and Change Management
  • Partnering with GPO, FRIBS and Technology to drive process re-engineering, automation and change management
  • Continuous process improvement leveraging GAO ideation and issue tracking frameworks
  • Partnering with transition management team and donor entities to ensure effective and efficient transition of activities into the Hub
  • Implementation support of the GAO process re-engineering and automation (accounting technology roll-out, new entities set up, restructures, converstions)
  • Partner with various teams and ensure successful delivery of the projects/initiatives of Balance Sheet Substantiation Team

Job Requirements:

Education and Experience:

  • BE / B.Tech/B.Com with IT/Computer science/specializaton
  • 6-8 years of post qualification experience
  • 2 plus years in RPA tools & deployment
  • Experience in Power BI, Spotfire, Tableau, Cognos data analytics and visualization (or similar tools)
  • Strong understanding of Oracle - Sub Ledger Accounting
  • Advanced certification in Developer & Infrastructure certification in Blue Prism is a plus
  • Technical experience in System design/Interfaces and data flow into ERP system is a plus

Skills required:

  • Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio), advance levels of Excel (pivot tables, formulas, excel workbook maintenance best practices)
  • Possess good levels of understanding of current technological platforms introduced by Oracle, viz : workday, ARCS, Oracle Cloud platforms, forms/reports , other development tools etc.
  • Knowledge of Hyperion Essbase, Oracle Financials
  • Knowledge of Spotfire, Tableau, Cognos data analytics and visualization (or similar)
  • Conceptual understanding of company-wide financial architecture (GL, sub-GL technology, specialized tools) applicable to the above process groups of processes
  • Experience in automation tools such as Blue Prism and UiPath along with UiPath Encoding and Debugging.
  • Excellence in C, C++, Java, or .NET
  • Experience in scripting languages such as JavaScript, HTML, etc.
  • Experience in SQL, PLSQL or NoSQL, R , Python, Power BI
  • Basics of Machine Learning (ML) and Artificial Intelligence (AI)
  • Knowledge of workflow, experience in data migration, system integration of sub systems.
  • Project management skills, PMP or any other PM certification is a Plus
  • Good logical, analytical, and problem-solving skills

For further information, and to apply, please visit our website via the “Apply” button below.

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