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

Business as Usual (BAU) Activities:

• Accountability for the accounts assigned for the purpose of Balance Sheet Substantiation Governance (BSS Governance). Reconciliation execution and validation by reviewing the reconcilaitions and identifying the issues. Recording the issues in testing tracker and error log. Assesment of test results, agreeing on remediation and target dates. Issue log finalization, tracking of remediation plan. Regular Dashboard reporting with relevant metrics to key stakeholders and escalation of material open and unreconciled exceptions for management attention. Regular reporting on status of reviews, remediation plan details and closure of action items.Monthly presentation of metrics to the Balance Sheet Substantiation Council. Escalate any issues to various departmental heads/managers in the event of lack of action from their teams. Timely provision of accurate and complete set of data to internal and external GAO and non-GAO stakeholders (e.g. GAO Service Delivery Teams, BU Controllers, FP&A, SEC reporting, external audit, etc.) Ensure adherence to various substantiation policies, review these policies on timely basis. Reconciliation policy trainings to other teams. Certification of self and team members on all trainings rolled out by the Learning and Development teams from time to time.

Process Re-Engineering, Automation and Change Management

• Continuous process improvement leveraging GAO ideation and maintain tracking frameworks.
• Implementation support of the GAO process re-engineering and automation (accounting technology roll-out, new entities set up, restructures, converstions)
• In the target state, accountable for Balance Sheet Substantiation of specific sub teams’ operational delivery as well as accountable for the process design and effectiveness.

Team Responsibilities

• Mentor junior accounting staff and help them professionally grow within the Accounting organization.
• Builds networks to enhance effectiveness and share knowledge.

Education and Experience:

• Bachelor/Master Degree in Finance or MBA
• Accounting Qualification (ACA, ACCA, CPA, CIMA) a plus
• 8-10 years of progressive experience in Balance Sheet Substantiation, Accounting Operations, Controllers, Business Controls, Finance & Risk Assurance.
• Experience in controllership or reconciliations process in a Shared Services environment.
• Extensive experience and knowledge of the US GAAP and IFRS accounting standards.
• Hands on experience in creating and maintaining strong controls 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 Hyperion Essbase, Oracle Financials (ARCS).
• Independent decision-making capabilities, demonstrated thought leadership.
• Pride of ownership with the ability to deliver high quality results timely
• Self-motivated, self-assured, and self-managed
• Strong analytical and ability to analyze and summarize complex financial transactions
• Strong attention to details and 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