State Street

Expense Accounting - Assistant Manager

State Street
Bangalore, India
Not disclosed
22 Feb 2024
07 Mar 2024
Approved employers
Approved employer
Contract type
Full time
Experience level

Functional Job Title: Assistant Manager (IC Role) – Expense Accounting

Reports to– Manager.


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 to manage end to end Expense Accounting, reporting activities from GFC (Global Finance Centre).
  • Partner with GPO to drive process and controls improvements and process automation.
  • Successful delivery of Transformation & Re-engineering projects

Responsibilities & Tasks

  • Perform month-end, quarter-end, and year-end close processes to verify all entries have been created and posted, ensuring completeness, accuracy, and reporting integrity.
  • Prepare, Review and post journal entries to record accrued expenses in the correct period, amortize prepaid expenses and fixed assets while maintaining schedules that tie to the balance sheet.
  • Ensure an accurate and timely period-end close by ensuring all transactions are recorded, journal entries are posted, accounts are reconciled where needed and consolidated at required level.
  • Prepare month end variance analysis & explain the variance to support key stakeholders of the team to present analytical results, findings.
  • Be the first point of contact for assigned account and ensure that compliance requirements are adhered to (e.g. company policies surrounding standard of conduct, information security, employment regulations)
  • Reconcile bank, prepaid and accrual accounts, against the supporting and facilitate any entries if required.
  • 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 a particular accounting transaction.
  • Support with queries from regulatory authorities and external auditors
  • Work with and support the team in day-to-day activities including issues requiring judgement and expertise.
  • Ensure SOPs are updated with the most recent procedure.
  • Participate & contribute Re-Engineering, Automation and other ERP Implementation Initiatives

Education and Experience:

  • Bachelor/master’s degree in finance or MBA
  • Accounting qualification (ACA, ACCA, CPA, CIMA)
  • 6-8 years of progressive experience in Accounting Operations, Controllers in Record to Report.
  • Experience of working in Controllership/Accounting teams in a Shared Services environment
  • Extensive practical experience and knowledge of the US GAAP and IFRS accounting standards
  • Experience of building and maintaining strong control environment (risk excellence, experience with SOX, RCSA controls, etc.), establishing procedures and strong internal controls.
  • Hands on experience in creating and maintaining strong control 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 Essbase, Oracle Financials
  • Knowledge of Spotfire, Tableau, data analytics, Macros 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
  • Strong attention to details & Problem-solving skill.
  • Good knowledge of accounting concepts related to Profit and Loss Account and Balance sheet.
  • Must be able to work in a fast-paced environment.
  • Problem solving skill.
  • Highly organized with ability to multi-task and work under high pressure deadlines.
  • Independent decision-making capabilities demonstrated thought leadership.
  • Strong analytical and ability to analyze and summarize complex financial transaction.
For further information, and to apply, please visit our website via the “Apply” button below.

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