Job Description

Functional Job Title: Team Leader (IC Role) – Expense Accounting

Reports to – Manager.

Background:

State Street Global Accounting Operations (GAO) is a process-driven function responsible for all

Record-to-Report (R2R) processes within Controlvlers 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.

• Prepare, Review and post journal entries to record accrued expenses in the correct period,

amortize prepaid expenses and fixed assets while maintaining schedules that tie to the

balance sheet.

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.

• Process Intercompany expense settlements.
• Prepare Regulatory, SEC, and Internal reporting.
• Provide support to key stakeholders of the team to present analytical results, findings.
• 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)

• Reconcile bank, prepaid and accrual accounts, against the supporting and facilitate any

entries if required.

• Participate in or conduct a wide range of accounting and financial analyses on critical and

complex issues which may include variance analysis and accounting transactions.

• 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.

Education and Experience

• Bachelor/master’s degree in finance or MBA
• Accounting qualification (ACA, ACCA, CPA, CIMA)
• 5-7 years of progressive experience in Accounting Operations, Controllers in Record to

Report.

• Experience of working in Controllership/Accounting teams in a Shared Services

environment

• Extensive practical experience and knowledge of the US GAAP and IFRS accounting

standards

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

• 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.
• Problem solving skill.
• Highly organized with ability to multi-task and work under high pressure deadlines.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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