Emerging Lead Revenue Accounting Job In State Street Corporation In India, Bengaluru / Bangalore

Basic Purpose of Job:: The Revenue, AR, BU Accounting SME will be responsible for all aspects of revenue recognition, US GAAP, and day-to-day management of a team of experienced Accounting professionals that provide support to Global Revenue Accounting group This individual will provide subject matter expertise in the area of accounting related to Revenue Accounting which include:oProject management skillsoRevenue Accruals under GAAP/IFRS revenue recognition principleso Fee Reserve Analysiso Revenue Adjustments and Intercompany Revenueo Account Reconciliations & Certificationso.

Accounts Receivable Billed and Unbilled (including aging's)o Monitoring & Processing of Client Concessions / Revenue Reversalso SOX Controlso Cash ApplicationsIn addition to Business As Usual (BAU) responsibilities as described above, this role will lead the process re-engineering, standardization, and automation effortsResponsibilities & Tasks Include:o.

Performing managerial reasonableness reviews and discussing reporting & analytics deliverables prepared by the team to ensure results make sense, that messaging is on point for the audience and ensuring the core objective of the deliverable is meto Provide support to key stakeholders of the team to present analytical results, findingso First point of escalation within the local reporting line for dealing with issues (people/process/technology) and ensuring that compliance requirements are adhered to (eg company policies surrounding standard of conduct, information security, employment regulations)o.

May be required to participate in or conduct a wide range of accounting and financial analyses on critical and complex issues which may include variance analysis and accounting transactionso May serve as a subject matter expert on particular accounting transactions Coordinate with onshore team / Accounting Policy to determine appropriate accounting treatment for complex transactionso Coaches the team and works with onshore leadership to establish the team member goals and gather feedback for performance appraisals.

o Participate in or manage function specific projects as neededo Ensure completion of deliverables within the committed timeframe including assistance with development of deliverable plans, attending deliverable specific or recurring meetings between the team and the onshore team Team deliverables revolve aroundo Collaborate with Revenue Operations (Billing) teams on initiatives, errors, new contracts, etc.

Oversight of Revenue team performing the following Accounting activities:Daily:o Monitor General Ledger activity for accuracy based on US GAAP ruleso Preparation of manual journal entries for accrual and adjustment revenue activitieso Cash application of receivableso Follow up with the Business on aged billed and unbilled itemsMonthly:o.

Maintain accuracy of revenue accrual processo Coordinate month-end close including preparation / oversight of manual journal entries Oversight of account reconciliations and certificationso Perform SOX controlsQuarterly:o Prepare Regulatory and Internal reportingo Perform SOX control testingo.

Fee Reserve AnalysisAd-Hoc:o Prepare and update process narratives/procedures and flow chartso Response to internal and external requests including variance analysis and inquireso Participate in Ad Hoc projects and new transactionso Perform user access reviews & certificationsList of Accounting systems:RMS (Revenue Management System)SLCM (Securities Lending Credit Management)OracleVMWCBSMCHBadger Information Classification: Limited AccessCash Manager or InstructSalesforceSTARSEssbaseDiscoverer ViewerOracle FinappsProcess Re-Engineering, Standardization, and Automation:o.

Lead the process Re-Engineering, Standardization, Automationo Responsibility for ongoing process improvementso Responsibility for execution of right-placement strategyo Implementation support of the GAO process re-engineering and automation effortsJob Requirements:Education and Experience:o Master's Degree in Accounting, Chartered Accountant (CA) or Certified Public Accountant (CPA)/PMP/MBA-Finance with 12-14 years of progressive experience in R2R areas with major financial institutionso.

Extensive practical experience and knowledge of the US GAAP and IFRS accounting standardso In-depth knowledge of the supported productso Understanding of international regulatory landscape, experience with statutory accounting/reporting groups across several major international geographieso.

Experience of building and maintaining strong control environment (risk excellence, experience with SOX, RCSA controls, etc), establishing policies, procedures and strong internal controlso Demonstrated leadership in improving/building-out the above process groups for multiple geographies and business areaso Extensive experience of managing teams performing day-to-day accounting operations, month-end and quarter-end activities for the above areas of accountingo.

Experience of leading re-engineering of R2R (record-to-report) processes and driving similar centralization of the end-to-end activities for the major financial institutionsSkills required :o Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio), advance levels of Excel (pivot tables, formulas, excel workbook maintenance best practices)o Knowledge of Hyperion Essbase ,Oracle Financialso Knowledge of Spotfire, Tableau, Cognos data analytics and visualization (or similar) a pluso Conceptual understanding of company-wide financial architecture (GL, sub-GL technology, specialized tools) applicable to the above process groups of processeso.

Senior-level communication skills, presentation skills, prior experience of interacting with multiple stakeholders (Legal Entity and Geography controllers) in NA, EMEA, APACo First or second level management expertise requiredo Independent decision-making capabilities, demonstrated thought leadershipo Pride of ownership with the ability to deliver high quality results timelyo Self-motivated, self-assured, and self-managedo.

Strong analytical and ability to analyze and summarize complex financial transactionso Strong attention to detailso Problem solving skillo Highly organized with ability to multi-task and work under high pressure deadlineso Must be able to work in a fast paced environment.

Responsible for accurate documentation of Requirements for GAO for the Client Cash process Role requires working with CSO BA to document, and taking the new process through IT releases and Client conversions Also provide support to the Production process as required Assist tech writers with the required SOP's Good understanding of AR and Revenue related process.

Projects handled in the pastwith regards toprocess/system migration and new process/system set up will be advantageo Prepare and update process narratives/procedures and flow chartso Response to internal and external requests and inquires on AR and revenue processo Participate in Ad Hoc projects and new transactionso.

Perform user access reviews & certifications and UAT

State Street Corporation is looking for .

State Street Corporation is looking for Any Graduate / Post Graduate profile candidates.