Job Profile                                                                                                                                         Bangalore

Functional Job Title:         : Balance Sheet Substantiation – Team Lead

Reports to                                            : Balance Sheet Substantiation -Manager/Senior Manager

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 accountingExpense accountingSpecialized product accountingCash and deposit governanceProject accountingBalance sheet substantiation and system to system reconciliationsTransfer pricingFinancial 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:

Team lead in this role will be responsible for supporting the preparation of monthly balance sheet reconciliations.Partners with Line Manager to drive process and controls improvements and process automationAbility to partner with internal and onshore teams and ensure successful delivery of Balance Sheet Substantiation projects/initiatives

Key Responsibilities

Business as Usual (BAU) Activities

Perform monthly Balance sheet reconciliations for various assigned accounts on a timely basis to a high standard. Perform self review and identify key risks and opportunities to improve.Full ownership of timeliness and quality of the output, no backfall on donor entities or onshore Service Delivery TeamsEnsure that accounting processes and procedures are followed and completed to support and reinforce key business objectivesEnsure all Reconciliations are prepared in line with the requirements of the Balance Sheer Reconciliation PolicyEnsure all the open items on these reconcilaitions are correctly recorded and timely cleared.Ensure proper reconciliation controls are in place and are adhered to at all times and also monitor control effectivenessIdentify potential risks and remediation of process deficiencies.Assist in the development of of additional controls and identification of preventative measuresAssisting in  Requirements gathering, Gap Analysis and Facilitate testing, record deviations, close gaps and ensure seemless BAU transitionsWork closely with IT, Vendor and project team  to improve the reconciliation processCreating procedures and keeping current procedures up to date per BSS PolicyMeeting SLA requirements and maintaining high Balanced Scorecard ratingsEscalate any issues to line manager and avoid any unfavourable impact on process delivery.Adhere to and complete all requirements of the GAO Control HubAccountable for the delivery of any monthly reporting activity assigned.Establish strong working relationships with key stakeholders, own and proactively manage key relationships.

Process Re-Engineering, Automation and Change Management

Partnering with GPO, FRIBS and Technology to drive process re-engineering and automation.Continuous process improvement leveraging GAO ideation and issue tracking frameworksPartnering with transition management team and donor entities to ensure effective and efficient transition of activities into the HubPartner with Line Manager and ensure successful delivery of the projects/initiatives of Balance Sheet Substantiation Team

Job Requirements:Education and Experience:Bachelor/Master Degree in Finance or MBA5-7 years of progressive Business analyst in Balance Sheet Reconciliation and Substantiation, Accounting Operations, Controllers, Business Controls, Finance & Risk AssuranceExperience of working with offshore support modelUnderstanding of Oracle - Sub Ledger AccountingPractical experience and knowledge of the US GAAP and IFRS accounting standards.Technical experience in System design/Interfaces and data flow into ERP system is a plus

Skills required:Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio), advance levels of Excel (pivot tables, formulas, excel workbook maintenance best practices)Possess good levels of understanding of current technological platforms introduced by Oracle, viz : workday, ARCS, Oracle Cloud platforms, forms/reports , other development tools etc.Knowledge of Hyperion Essbase, Oracle FinancialsKnowledge of Spotfire, Tableau, Cognos data analytics and visualization (or similar) a plusConceptual understanding of company-wide financial architecture (GL, sub-GL technology, specialized tools) applicable to the above process groups of processesPride of ownership with the ability to deliver high quality results timelyStrong attention to detailsProblem solving skillHighly organized with ability to multi-task and work under high pressure deadlinesMust be able to work in a fast-paced environment

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