- Functional Job Title: Manager Expense Accounting
Reports to Assistant Vice President.
Background
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.
- 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.
- Manage time to assist with ad-hoc projects and new transactions to support the GAO Accounting group.
- 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)
- 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
- Support overall team goals and objectives.
- Education and Experience:
- Bachelor/master's degree in finance or MBA
- Accounting qualification (ACA, ACCA, CPA, CIMA)
- 7-10 years of progressive experience in Accounting Operations, Controllers in Record to Report.
- In depth knowledge of Payroll accounting along with US & Canadian Payroll Taxes including EMA and APAC region Extensive practical experience and knowledge of the US GAAP and IFRS accounting standards.
- In depth knowledge of Employee Benefit Withholding accounts.
- Experience of building and maintaining strong control environment (risk excellence, experience with SOX, RCSA controls, etc.), establishing procedures and strong internal controls.
- Experience of leading/working redesign, centralization, standardization and automation of R2R processes
- Experience of implementing accounting technology (Oracle, SAP) in a major institution
- 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
- 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.
- Good knowledge of accounting concepts related to Profit and Loss Account and Balance sheet.
- Ability to prioritize workload, meet deadlines and manage multiple assignments simultaneously.
- Must be able to work in a fast-paced environment.
- Highly organized with ability to multi-task and work under high pressure deadlines
Job ID: R-755096
