Global Accounting Operation - Assistant Manager

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:

• Preparation, posting and Analysis of month on month Revenue Accruals under GAAP/IFRS revenue recognition principles

• Fee Reserve booking and Analysis

• Revenue Adjustments and Intercompany Revenue

• Account Reconciliations & Certifications

• Accounts Receivable; Billed and Unbilled (including aging’s)

• Monitoring & Processing of Client Concessions / Revenue Reversals

• SOX Controls/Audit walk

• Cash Applications

• Loss booking

In addition to Business As Usual (BAU) responsibilities as described above, this role will lead the process re-engineering, standardization, and automation efforts.

Responsibilities & Tasks Include:

• Collaborate closely with the stakeholder (LFO. Business and FPNA) to understand expectations and deliverable timelines and ensure that deliverables of the team are load balanced as compared to team staffing. 

• Develop the team to adopt “owner’s mind set”, work independently, and effectively manage timelines 

• Manage resources to assist with ad-hoc projects and new transactions to support the GAO Accounting controller group

• Lead the day to day activities of an accounting team that is performing Revenue Accounting.

• 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 met

• Provide support to key stakeholders of the team to present analytical results, findings

• First point of escalation within the local reporting line for dealing with issues (people/process/technology) and ensuring that compliance requirements are adhered to (e.g. company policies surrounding standard of conduct, information security, employment regulations)

• 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 transactions.

• May serve as a subject matter expert on particular accounting transactions. Coordinate with onshore team / Accounting Policy to determine appropriate accounting treatment for complex transactions

• Coaches the team and works with onshore leadership to establish the team member goals and gather feedback for performance appraisals. 

• Participate in or manage function specific projects as needed

• 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 around

•  Collaborate with Revenue Operations (Billing) teams on initiatives, errors, new contracts, etc.

Oversight of Revenue team performing the following Accounting activities:

Daily:

• Monitor General Ledger activity for accuracy based on US GAAP rules

• Preparation of manual journal entries for accrual and adjustment  revenue activities

• Cash application of receivables

• Follow up with the Business on aged billed and unbilled items

Monthly:

• Maintain accuracy of revenue accrual process

• Coordinate month-end close including preparation / oversight of manual journal entries Oversight of account reconciliations and certifications

• Perform SOX controls

Quarterly:

• Prepare Regulatory and Internal reporting

• Perform SOX control testing

• Fee Reserve Analysis

Ad-Hoc:

• Prepare and update process narratives/procedures and flow charts

• Response to internal and external requests including variance analysis and inquires

• Participate in Ad Hoc projects and new transactions

• Perform user access reviews & certifications

About State Street

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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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