Expense Accounting
Year Bengaluru, Karnataka, India
Job Description
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Expense Accounting - Manager
- Basic Purpose of Job:
- The Expense Accountant will be responsible for completing accurate and timely all aspects of US GAAP accrual accounting. This will include preparing the financial statements and annual audit for period end close. He/ She will have a significant role in implementing and enforcing internal financial controls and contributing towards re-engineering initiatives and conducting review calls with business leads/controllers.
- Perform month-end, quarter-end, and year-end close processes to verify all entries have been created and posted, ensuring completeness, accuracy, and reporting integrity
- Prepare/ Review or approve journal entries to ensure recording of accrued expenses in the correct period, amortize/review prepaid expenses and fixed assets schedules that they tie\'s to the balance sheet
- Ensure an accurate and timely period-end close by ensuring all transactions are recorded, journal entries are posted, accounts are reconciled where needed and consolidated at required level
- Collaborate closely with the various finance teams to understand expectations and deliverable timelines and ensure that deliverables of the team are met
- Work with the team to adopt "owner\'s mind set", work independently, and effectively manage timelines
- Manage time to assist with ad-hoc projects and new transactions to support the GAO Accounting controller group
- Conduct monthly review call with the key stakeholders to understand any anomaly in the numbers and take ownership in resolving the same
- Be the first point of contact for assigned account and ensure that compliance requirements are adhered to (e.g. company policies surrounding standard of conduct, information security, employment regulations)
- Take lead in resolving any unreconciled / supporting exceptions or bank, breaks
- 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 a particular accounting transaction.
- Lead and support with queries from regulatory authorities and external auditors
- Work with and support the team in day-to-day activities including issues requiring judgement and expertise
- Support overall team goals and objectives
- Monitor General Ledger activity for accuracy based on US GAAP rules
- Prepare and update process narratives/procedures and flow charts
In addition to Business As Usual (BAU) responsibilities as described above, this role will lead the process re-engineering, standardization, and automation efforts.
Process Re-Engineering, Standardization, and Automation:
- Participate & contribute 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
- Master\'s degree in accounting or Chartered Accountant (CA) / Certified Public Accountant (CPA)/MBA-Finance with 10-12 years of progressive experience in R2R areas with major financial institutions
- US GAAP, IFRS accounting knowledge
- Understanding of international regulatory landscape, experience with statutory accounting/reporting groups across several major international geographies
- Experience of building and maintaining strong control environment (risk excellence, experience with SOX, RCSA controls, etc.), establishing policies, procedures and strong internal controls
- Demonstrated leadership in improving/building-out the above process groups for multiple geographies and business areas.
- Extensive experience of managing & performing day-to-day accounting operations, month-end and quarter-end activities for the above areas of accounting
- Experience of leading re-engineering of R2R (record-to-report) processes and driving similar centralization of the end-to-end activities for the major financial institutions
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
- Knowledge of Spotfire, Tableau, data analytics and visualization (or similar) a plus
- Conceptual understanding of company-wide financial architecture (GL, sub-GL technology, specialized tools) applicable to the above process groups of processes
- 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
Job ID R-744527
ABOUT COMPANY
State Street Corporation
London, United Kingdom 39000 Employees Investment Banking / M & A
State Street Corporation (NYSE: STT) is one of the world\'s leading providers of financial services to institutional investors, including investment se...
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Job Detail
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Job IdJD3241413
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationBengaluru, Karnataka, India
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EducationNot mentioned
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ExperienceYear