Global Accounting Operations _ Revenue Accounting - Assistant Vice President Global Accounting Operations _ Revenue Accounting  …

State Street
in Bangalore, Karnataka, India
Permanent, Full time
Be the first to apply
State Street
in Bangalore, Karnataka, India
Permanent, Full time
Be the first to apply
State Street
Global Accounting Operations _ Revenue Accounting - Assistant Vice President
  • Collaborate closely with the onshore team 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
List of Accounting systems :
RMS (Revenue Management System)
SLCM (Securities Lending Credit Management)
Cash Manager or Instruct
Discoverer Viewer
Oracle Finapps

Process Re-Engineering, Standardization, and Automation:
  • Lead the process Re-Engineering, Standardization, Automation
  • Responsibility for ongoing process improvements
  • Responsibility for execution of right-placement strategy
Implementation support of the GAO process re-engineering and automation efforts