State Street

Assistant Vice President - Global Accounting Operation

State Street
Bangalore, India
Not disclosed
08 Jun 2023
16 Jun 2023
Approved employers
Approved employer
Contract type
Full time
Experience level

The Revenue AVP will be accountable and responsible for all aspects of revenue recognition US GAAP, AR reporting and day-to-day management of a team of experienced Accounting professionals. This individual will provide subject matter expertise in the area of accounting related to Revenue Accounting which include:

  • Revenue Accruals under GAAP/IFRS revenue recognition principles
  • Revenue Adjustments and Intercompany Revenue
  • Accounts Receivable; Billed and Unbilled (including aging’s)
  • SOX Controls
  • Fee Reserve Analysis
  • Account Reconciliations & Certifications
  • Monitoring & Processing of Client Concessions / Revenue Reversals
  • Cash Applications

In addition to Business As Usual (BAU) responsibilities as described above this role will be accountable and lead the process re-engineering standardization and automation efforts.

Responsibilities & Tasks Include:

Business As Usual (BAU) Activities:

  • 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.
  • 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
  • Provide support to key stakeholders of the team to present analytical results findings
  • First point of escalation within the local reporting line for dealing with issues (people/process/technology) and ensuring that compliance requirements are adhered to (e.g. company policies surrounding standard of conduct information security employment regulations)
  • May be required to participate in or conduct a wide range of accounting and financial analyses on critical and complex issues which may include variance analysis and accounting transactions.
  • May serve as a subject matter expert on particular accounting transactions. Coordinate with onshore team / Accounting Policy to determine appropriate accounting treatment for complex transactions
  • Coaches the team and works with onshore leadership to establish the team member goals and gather feedback for performance appraisals.
  • 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. Team deliverables revolve around
  •  Collaborate with Revenue Operations (Billing) teams on initiatives errors new contracts etc.

Oversight of Revenue team performing the following Accounting activities:


  • Monitor General Ledger activity for accuracy based on US GAAP rules
  • Preparation of manual journal entries for accrual and adjustment revenue activities
  • Cash application of receivables
  • Follow up with the Business on aged billed and unbilled items


  • Maintain accuracy of revenue accrual process
  • Coordinate month-end close including preparation / oversight of manual journal entries Oversight of account reconciliations and certifications
  • Perform SOX controls


  • Prepare Regulatory and Internal reporting
  • Perform SOX control testing
  • Fee Reserve Analysis


  • Prepare and update process narratives/procedures and flow charts
  • Response to internal and external requests including variance analysis and inquires
  • Participate in Ad Hoc projects and new transactions
  • Perform user access reviews & certifications

List of Accounting systems:

  • RMS (Revenue Management System)
  • Oracle
  • CBS
  • Badger
  • Salesforce
  • Essbase
  • SLCM (Securities Lending Credit Management)
  • VMW
  • MCH
  • Cash Manager or Instruct
  • Discoverer Viewer
  • Oracle Finapps

Process Re-Engineering Standardization and Automation:

  • Lead the process Re-Engineering Standardization Automation
  • Responsibility for ongoing process improvements
  • Responsibility for execution of right-placement strategy
  • Implementation support of the GAO process re-engineering and automation efforts

Education and Experience:

  • Expected to be subject area expert of specific area or skillset or product. Typically has a minimum of 12+ years of experience
  • Master’s Degree in Accounting Chartered Accountant (CA) and Certified Public Accountant (CPA)/MBA-Finance with +12 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

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
  • 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
  • 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

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

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