Accounting Associate 2 at State Street

📋 Job Details at a Glance 📍 Location Bangalore, India 🏢 Company State Street 👥 Experience 0-2 years 🎓 Qualification Relevant technical qualification 📅 Eligible Batch 2023, 2024, 2025, 2026 📄 Job Type Full Time 💰 Salary Not Disclosed 🏢 Industry Banking & Finance 🛠 Key Skills US GAAP Revenue Recognition Accounts Receivable Management Financial Analysis SOX Compliance Accounting Associate 2 at State Street — Full Details & How to Apply State Street is seeking an Accounting Associate 2 in Bangalore, India , where freshers can gain expertise in US GAAP and Revenue Recognition , essential for a successful finance career. The demand for skilled accounting professionals in Bangalore is rising, particularly in the Banking & Finance sector. This Accounting Associate 2 role is timely for freshers, as companies like State Street continue to expand their operations, creating a need for proficient individuals who can manage financial integrity and compliance. State Street , founded in 1792 , is a global leader in investment management with over 39,000 employees worldwide. The company’s robust platform for career growth makes it an attractive employer for those entering the finance field, especially in roles like Accounting Associate 2
We encourage 2023, 2024, 2025, 2026 graduates with a relevant technical qualification and 0-2 years experience to apply. The salary for this position is not disclosed , but the opportunity for advancement is significant. In this role, you will work with essential skills such as Accounts Receivable Management , Financial Analysis , and SOX Compliance
This unique exposure sets candidates apart from peers in similar roles at other firms and opens doors to various career paths within the global finance landscape. 📊 Role Difficulty: Medium | Competition Level: Medium | Fresher Friendly: Yes NexisGrow.com features this opportunity as part of its curated non-tech job listings. All details are sourced from the official job posting. Apply online before the opportunity closes. Job Role & Responsibilities The Accounting Associate 2 at State Street plays a crucial role in ensuring accurate financial reporting and compliance with US GAAP standards, directly impacting the organization’s financial integrity. Prepare and post month-on-month revenue accruals using US GAAP principles, ensuring compliance with regulatory standards and enhancing financial accuracy. Manage accounts receivable, including billed and unbilled items, utilizing financial analysis tools to track aging reports and optimize cash flow. Collaborate with the Financial Planning and Analysis (FPNA) team to align on deliverable timelines and expectations, ensuring timely financial reporting. Analyze revenue adjustments and intercompany reconciliations, contributing to the accuracy of financial reporting and compliance with SOX controls. Lead initiatives for process re-engineering and standardization, focusing on automation to improve efficiency and reduce manual errors. Document and communicate findings related to SOX controls and audit walk-throughs to ensure compliance and enhance internal processes. Engage with clients to monitor and process revenue reversals and concessions, enhancing client satisfaction and maintaining strong relationships. This role fosters an ownership culture, allowing you to make a direct impact on financial operations and contribute to the overall success of State Street
Required Skills & Technical Competencies The ideal candidate for the Accounting Associate 2 position must possess a strong foundation in essential technical skills relevant to finance and accounting. Technical Skills US GAAP — foundational to intermediate — essential for ensuring compliance in revenue recognition and financial reporting. Revenue Recognition — practical application — critical for preparing and analyzing revenue accruals to maintain financial accuracy. Accounts Receivable Management — entry — used daily to track billed and unbilled accounts, ensuring timely cash applications. Financial Analysis — foundational — vital for data interpretation and reporting, aiding effective decision-making in financial operations. SOX Compliance — foundational — evaluated through adherence to internal controls and audit requirements, ensuring regulatory compliance. When showcasing these technical skills in your resume or interview, emphasize specific experiences and outcomes that demonstrate your proficiency and understanding. Eligibility Criteria This role is designed for recent graduates eager to start their careers in finance and accounting, with a focus on foundational knowledge and relevant qualifications. Candidates must possess a relevant technical qualification in finance or accounting, ensuring a solid understanding of financial principles. Eligible batches include 2023 , 2024 , 2025 , and 2026 , allowing fresh graduates to apply early in their careers. Experience is not required, making this role ideal for freshers eager to enter the finance sector. Academic performance expectations include a minimum CGPA of 6.0 , reflecting a solid understanding of financial principles. Internship experience in finance or accounting is advantageous, providing practical exposure relevant to this role. Documentation & Portfolio Requirements Ensure your resume is formatted clearly, including your educational background, relevant coursework, and any internship experiences related to finance or accounting. Pro tip: Highlight any specific projects or tasks completed during internships that relate to US GAAP or SOX Compliance to strengthen your application. Salary for Accounting Associate 2 at State Street 💰 Compensation Not Disclosed The advertised compensation for the Accounting Associate 2 role at State Street is Not Disclosed
The exact in-hand figure and any additional components are confirmed by the company during the offer or HR discussion stage. Recommended Courses & Preparation Tips for Accounting Associate 2 Upskilling with the right resources significantly enhances your chances of selection for the Accounting Associate 2 role at State Street
Recommended Courses & Resources MS Office — Proficiency in MS Office is essential for managing financial data and reports. Communication Skills — Strong communication is crucial for effective collaboration and reporting in finance. Boost your profile with relevant certifications at NexisGrow GetCertified — strengthen your application before you apply. Common Mistakes to Avoid ❌ Failing to tailor the resume — customize each application to highlight relevant skills for accounting roles. ❌ Neglecting to research State Street — understanding the company's culture and initiatives is crucial during interviews. ❌ Overlooking US GAAP understanding — ensure both your resume and interview demonstrate this knowledge. ❌ Submitting a generic cover letter — personalize it to address the specific role and company. ❌ Not preparing for common interview questions — practice questions related to financial analysis and revenue recognition. ❌ Ignoring academic performance — mention your CGPA if it meets expectations. Before You Apply — Checklist ✅ Research State Street's recent news and initiatives to tailor your application effectively. ✅ Update your resume to reflect relevant skills and experiences aligned with the job description. ✅ Prepare a personalized cover letter that addresses why you are a good fit for the Accounting Associate 2 role. ✅ Gather any necessary documents, such as transcripts or certificates, to support your application. ✅ Double-check the application portal for specific submission guidelines and requirements. ✅ Practice common interview questions related to accounting and finance to boost confidence. ✅ Set reminders for application deadlines to ensure timely submission. ✅ Follow up on your application status after submission to express continued interest. Resume Tailoring & ATS Keywords for Accounting Associate 2 Optimizing your resume for ATS is crucial for standing out in the selection process for the Accounting Associate 2 role. ATS Keywords to Include US GAAP Revenue Recognition Accounts Receivable Management Financial Analysis SOX Compliance Cash Applications Revenue Adjustments Intercompany Reconciliations Client Concessions Loss Booking Audit Walk Process Re-engineering Resume Tips for This Role Highlight relevant coursework or projects related to US GAAP and financial analysis to align with the role's requirements. Emphasize any internship or practical experience in accounting or finance, showcasing hands-on skills. Include specific projects or portfolios that demonstrate your understanding of revenue recognition principles. Optimize your resume for ATS by incorporating keywords from the job description, ensuring visibility during the screening process. Avoid including irrelevant work experience or generic skills that do not pertain to the accounting field. Build an ATS-optimized resume for this role using NexisGrow Resume Builder — free for all job seekers. Pro tip: Do not include unrelated work experience or generic skills that do not pertain to the accounting field. How to Apply for Accounting Associate 2 at State Street Apply Now — State Street Visit the State Street careers page and locate the Accounting Associate 2 job listing. Upload your resume, ensuring it highlights relevant skills and experiences. Fill out the application form accurately, providing all requested information. After submission, expect a confirmation email and details on the next steps. Track your application status through the portal for updates on your candidacy. Applications reviewed on rolling basis — early submission recommended. Apply Now — State Street NexisGrow.com does not charge any fees for job applications. State Street State Street was founded in 1792 and is headquartered in Boston, USA
With a significant presence in Bangalore, India

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