Global Billing Operations- Client Set- Senior Associate Global Billing Operations- Client Set- Senior  …

State Street Corporation
in Bangalore, Karnataka, India
Permanent, Full time
Be the first to apply
State Street Corporation
in Bangalore, Karnataka, India
Permanent, Full time
Be the first to apply
State Street Corporation
Global Billing Operations- Client Set- Senior Associate
Functional Job Title : Client Set-up SME - Senior Associate Reports to : Client Set-up Manager
Department/ Division : Controllership, Bangalore/Hyderabad

State Street has established a Global Billing Function under Controllership, which is responsible for client billing set up and invoicing across all business lines and geographies globally at State Street. Organizationally, it combines all groups performing these activities globally, and also includes centers residing in State Street Shared Service locations in Poland, India and China. Billing Organization owns aspects of business-as-usual activities within billing areas and also drives process improvements and automation..

Basic Purpose of Job:
The Client Set-up SME provides subject matter knowledge and issues and escalation management in the assigned area of client biling and invoice creation. The candidate develops a thorough understanding of State Street's business practices to effectively perform independent, complex platform configuration, data collection and analysis. Client/Fee schedule is very the most important function of GBO and have the direct impact on down stream process hence the role need eye for detail. Reporting to the Finance CoE Manager, working remotely alongside in-market team members to close a multitude of activities associated with client invoice generation and analytics of the assigned business units (BU).

Job Description
Work Experiences:
Bachelor's/Master's Degree in Finance, Chartered Accountant (CA) or preferred Certified Public Accountant (CPA)/MBA Finance) 3-4 years of progressive experience in Accounts receivable, banking areas with major financial institutions Financial Planning & Analysis in a global setting
Complex operational setting involving anaylsis of financial data
Direct support to business or product line management / executives
Financial services setting
Well Versed with ERP ORMB - good knowledge, experience
Well versed with O2C process, system automation etc
Project experience
Variance analysis and reporting of insights
Financial modelling
Billing operations
Revenue accrual
Excellent interpersonal, written, and verbal communication skills, with the ability to interface effectively with individuals at various levels, both internal and external
Analytical, with strong problem-solving abilities and creative resolution skills
Self-motivated, with the ability to work on multiple projects in a fast-paced environment
Comfortable presenting and pitching new ideas to senior management teams in large settings
Ability to remain organized, pay strict attention to detail, and meet critical deadlines within a high volume, fast-paced environment
Must be able to work in a fast paced environment
Detailed orientated with ability to consistently and accurately execute against operational controls
Ability to adapt to a changing environment and demands of transition of new clients
Must possess strong communication skills with ability to participate in or lead conference calls and present financial results to financial and non-financial audiences at various levels of seniority
Pride of ownership with the ability to drive results within the Business
Solid business knowledge as it relates to the financial services industry
Strong Analytical skill set
Financial product and institution knowledge
Self-motivated, self-assured, and self-managed
Results oriented ownership mindset
Ability to multi-task and work under high pressure deadlines
Responsible for Reviewing and classification Fee schedules based on the standard guidance from the BU
Onboarding client into the database after converting all the relevant data from different sources
Responsible for day-to-day production of accurate, consistent, and timely deliverable.
Supporting various process transitions end to end at a global level - and act a single point of contact
Very good knowledge of contract to invoice process
Adopt "owner's mind set", work independently, and effectively manage timelines
Measure, review, and assess performance and progress towards goals
Responsible for ongoing process improvements
Knowledge of various services and industry trends of billing methods for those services like Custody services, Sub custodian, trust services and out pocket expense billing, asset management etc.
Should have knowledge on setting up clients in banking sector
Demonstrated knowledge in improving the billing function for multiple geographies and business areas.
Other 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 billing systems
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 analytical and ability to analyze and summarize complex financial transactions
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
Company Overview

From technology and product innovation to corporate responsibility and community development, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people - strengthening markets, building communities and creating opportunities for growth.

We owe that longevity to the commitment, expertise and creativity of our employees. Our continued success depends on our ability to attract and develop the best talent in the industry. That's why we're keenly focused on employee development, corporate citizenship and inclusion.

For us, success comes in the mark we make as an organization - for the industry, our clients, our communities and each other.