Global Accounting Operations_Balance Sheet Substantiation – Assistant Manager
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:
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.
Organizationally GAO combines all groups performing these activities globally – approximately 500 employees as of 1Q19.
Majority of GAO capacity (circa 80%) is concentrated in 2 Global and 2 Regional GAO Hubs where activities are organized by process:
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.
Goal of the position:
Responsibilities & Tasks Include:
Business as Usual (BAU) Activities:
Accountability for all Balance sheet reconciliation and certification processes assigned. Ensure all the assigned balance sheet reconciliations are completed on a timely basis to a high standard. Perform self review and identify key risks and opportunities to improve. Ensure proper reconciliation controls are in place and are adhered to at all times. Monitoring of control effectiveness Ensure all the open items on these reconcilaitions are correctly recorded and timely cleared. Keep a control over reconciliation activity to ensure all reconciliations are maintained in the best possible position. Meeting the agreed SLAs without exceptions. Escalate any issues to line manager and avoid any unfavourable impact on process delivery. Ensure all the MI reports are delivered within the agreed timescale for updating Management of any issues and /or potential SLA breaches etc Maintaining high quality standard operating procedures. Identifying potential risks and remediation of process deficiencies.
Process Re-Engineering, Automation and Change Management
Education and Experience:
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