Job Description
Job Profile Bangalore
Functional Job Title: : Balance Sheet Substantiation – Team Leader
Reports to : Balance Sheet Substantiation -AVP
Department/ Division : Controllers/Finance
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 for all operational Balance Sheet Substantiation activities in the Hub
Partners with GPO to drive process and controls improvements and process automation
Ability to partner with internal and other teams and ensure successful delivery of Balance Sheet Substantiation projects/initiatives
Key ResponsibilitiesBusiness as Usual (BAU) Activities
Accountable for all operational reconciliation and substantiation processes performed in the Balance Sheet Substantiation Team
Full ownership of timeliness and quality of the output, no backfall on donor entities or onshore Service Delivery Teams
Ensure that accounting processes and procedures are followed and completed to support and reinforce key business objectives
Ensure all Reconciliations are prepared in line with the requirements of the Balance Sheet Reconciliation Policy
Ensure proper reconciliation controls are in place and are adhered to at all times and also monitor control effectiveness
Identify potential risks and remediation of process deficiencies.
Assist in the development of of additional controls and identification of preventative measures
Assisting in Requirements gathering, Gap Analysis and Facilitate testing, record deviations, close gaps and ensure seemless BAU transitions
Work closely with IT, Vendor and project team to improve the reconciliation process
Creating procedures and keeping current procedures up to date per BSS Policy
Meeting SLA requirements and maintaining high Balanced Scorecard ratings
Escalate any issues to line manager and avoid any unfavourable impact on process delivery.
Adhere to and complete all requirements of the GAO Control Hub
Escalate any issues to line manager and avoid any unfavourable impact on process delivery.
Process Re-Engineering, Automation and Change Management
Partnering with GPO, FRIBS and Technology to drive process re-engineering, automation and change management
Continuous process improvement leveraging GAO ideation and issue tracking frameworks
Partnering with transition management team and donor entities to ensure effective and efficient transition of activities into the Hub
Implementation support of the GAO process re-engineering and automation (accounting technology roll-out, new entities set up, restructures, converstions)
Partner with various teams and ensure successful delivery of the projects/initiatives of Balance Sheet Substantiation Team
Job Requirements:Education and Experience:Bachelor/Master Degree in Finance or MBA
6-8 years of progressive Business analyst in Balance Sheet Reconciliation and Substantiation, Accounting Operations, Controllers, Business Controls, Finance & Risk Assurance
Experience of supporting and maintaining strong control environment
Experience of working with offshore support model
Strong understanding of Oracle - Sub Ledger Accounting
Practical experience and knowledge of the US GAAP and IFRS accounting standards.
Technical experience in System design/Interfaces and data flow into ERP system is a plus
Skills required:Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio), advance levels of Excel (pivot tables, formulas, excel workbook maintenance best practices)
Possess good levels of understanding of current technological platforms introduced by Oracle, viz : workday, ARCS, Oracle Cloud platforms, forms/reports , other development tools etc.
Knowledge of Hyperion Essbase, Oracle Financials
Knowledge of Spotfire, Tableau, Cognos data analytics 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
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 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
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