Balance Sheet Substantiation - Assistant Manager

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.  …