Global Accounting Operations_Balance Sheet Substantiation – Emerging Lead

Job Profile

Reports to  : Balance Sheet Substantiation – Manager/Senior Manager

Department/ Division : Controllers/Finance

Background:

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:

Perform and review monthly Balance sheet reconciliations for various assigned accounts on a timely basis to a high standard. Perform self review and identify key risks and opportunities to improve. Work closely with other teams within GAO to ensure approved substantiation policies are adhered. Ensure all the open items on these reconcilaitions are correctly recorded and timely cleared. Ensure all agreed SLAs for the assigned processes are met. Accountable for the delivery of any monthly reporting activity assigned. Prepare high quality internal control documentation and standard operating procedures. Escalate any issues to line manager and avoid any unfavourable impact on process delivery. Establish strong working relationships with key stakeholders, own and proactively manage key relationships.

Process Re-Engineering, Automation and Change Management

Job Requirements:

Education and Experience:

Skills required:

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