Balance Sheet Substantiation – Assistant Manager 

Job Description 

Functional Job Title: Balance Sheet Substantiation – Asst Manager 

Reports to: Balance Sheet Substantiation – AVP 

Department/ Division: Controllers/Finance 

Background:  

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 

Responsibilities & Tasks Include: 

Business as Usual (BAU) Activities: 

• Ensure all Reconciliations are prepared in line with the requirements of the Balance Sheer Reconciliation Policy 

• Ensure proper reconciliation controls are in place and are adhered to at all times 

• Close monitoring of exceptions and providing timely update to management on the resolution status 

• Ensure that accounting processes and procedures are followed and completed to support and reinforce key business objectives 

• Meeting SLA requirements and maintaining high Balanced Scorecard ratings 

• Work closely with IT, Vendor and project team to improve the reconciliation process 

• Escalate any issues to line manager and avoid any unfavorable impact on process delivery. 

• Adhere to and complete all requirements of the GAO Control Hub 

• Identify potential risks and remediation of process deficiencies 

• 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 

• Partnering with GPO, FRIBS and Technology to drive process re-engineering, automation and change management 

• Partner with various teams and ensure successful delivery of the projects/initiatives of Balance Sheet Substantiation Team 

• Implementation support of the GAO process re-engineering and automation (accounting technology roll-out, new entities set up, restructures, conversions) 

Job Requirements: 

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) is preferred. 

• 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 
  

About State Street

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