Emerging Lead -Invoice Review Lead, Global Billing Function

Recruiter
State Street.
Location
Bangalore, India
Salary
Not disclosed
Posted
15 Oct 2021
Closes
21 Oct 2021
Ref
R-680838
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant

Background:

State Street has established a Global Billing Function under Controllership, which is responsible for client billing set up and invoicing across all business lines and geographies globally at State Street. Organizationally, it combines all groups performing these activities globally, and also includes centers residing in State Street Shared Service locations in Poland, India and China. Billing Organization owns aspects of business-as-usual activities within billing areas and also drives process improvements and automation.

Basic Purpose of Job:

The Invoice Review Emerging Lead will be responsible for all aspects of the invoice billing process including invoice raising, OOPS (Out of Pocket Expenses) invoicing, and invoice review across State Street global businesses spread across countries & regions.

The Invoice Review Emerging Lead will manage a large team with a complex engagement model on a day-to-day basis. The individual will be directly responsible for daily management of accurate, consistent, and timely invoice deliverables. This individual will provide subject matter expertise in invoice preparation and review including receivables analytics. The Invoice Review Lead will also be responsible for managing State Street Global Advisors’ invoice production and review.

In addition to Business As Usual (BAU) responsibilities as described above, this role will also be involved in process re-engineering, standardization, and automation efforts.

Responsibilities:-

Business As Usual (BAU) Activities:

  • General responsibility for all operational invoicing activities
  • End-to-end responsibility for a major group of the billing process: Invoice preparation and review
  • Oversee and manage the allocated billing cleints effectively to achieve global consistency and effectiveness in controls; accurate, quality work; and transparency into activities and results. Maintain a robust control environment: process controls, process oversight and process governance responsibility
  • To be “owner’s mind set”, work independently, and effectively manage timelines
  • Able to Manage ad-hoc invoice projects
  • May serve as a subject matter expert on particular invoice related issues
  • Coaches the team and gathers feedback for process improvement.

Process Re-Engineering, Standardization, and Automation:

  • Assist with the process Re-Engineering, Standardization, and Automation efforts for invoicing
  • Responsible for ongoing process improvements

Expectations:

  • Bachelor’s/Master’s Degree in Finance, CPA Qualified with an experience minimum of 4 to 6 years working with invoices in a global billing function at a large financial services institution.
  • Knowledge of various services and industry trends of billing methods for those services like Custody services, Sub custodian, trust services and out pocket expense billing, asset management etc.
  • 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 invoice function for multiple geographies and business areas
  • Experience assisting with re-engineering 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 billing systems
  • Conceptual understanding of company-wide financial architecture (GL, sub-GL technology, specialized tools) applicable to the above process groups of processes
  • 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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