Global Accounting Operation - Emerging Lead

Responsibilities
The AR, BU Accountant will be responsible for booking of invoice accounting and day-to-day operation that provide support to Global Revenue Accounting group. This individual will provide subject matter expertise in the area of accounting related to AR Accounting which include:
Accounts Receivable; Billed (including aging’s)
Fee Reserve Analysis
Revenue Adjustments and Intercompany Revenue
Account Reconciliations & Certifications
Monitoring & Processing of Invoice correction and offset with open AR
Cash Applications
In addition to Business As Usual (BAU) responsibilities as described above, this role will lead the process re-engineering, standardization, and automation efforts.
Responsibilities & Tasks Include
Daily Review the bank statement and post the receipts in AR module(Oracle R12 & Cloud, ORMB, SUN)
Required to participate in or conduct a wide range of accounting and financial analyses on AR accounting transactions.
Coordinate with onshore team / Accounting Policy to determine appropriate accounting treatment for complex transactions
Participate in or manage function specific projects as needed
Ensure completion of deliverables within the committed timeframe including assistance with development of deliverable plans, attending deliverable specific or recurring meetings between the team and the onshore team.
Daily
Perform the following Accounting activities:
Invoice upload from billing system to accounting tool
Preparation of manual journal entries for cash application and performing reconciliation between bank v/s sub-ledger
Cash application of receivables
Follow up with the Business on aged billed items
Timely and accurate back-ups for BSS open/exception and unreconciled balances
Write off on residual invoice/receipt batch
Follow up on unapplied cash/aged debt balance
Monthly
Maintain accuracy of revenue accounting process
Coordinate month-end close including preparation / oversight of manual journal entries Oversight of account reconciliations and certifications
Perform SOX controls
Month close activities – Book closure, Data movement from sub-ledger to ledger etc.,
Quarterly
Prepare Regulatory and Internal reporting
Perform SOX control testing
Fee Reserve Analysis
Ad-Hoc
Prepare and update process narratives/procedures and flow charts
Respond to internal and external requests including variance analysis and inquires
Participate in Ad Hoc projects and new transactions
List Of Accounting Systems
Oracle
CBS
MCH
Badger Information Classification: Limited Access
Cash Manager or Instruct
STARS
Essbase
Discoverer Viewer
Oracle Finapps
Process Re-Engineering, Standardization, And Automation
Be a part of the process Re-Engineering, Standardization, Automation
Responsibility for ongoing process improvements
Implementation support of the GAO process re-engineering and automation efforts
Job Requirements
Education and Experience:
Degree in Accounting, Masters, Finance with 3-4 years of progressive experience in R2R areas
Understanding of international regulatory landscape, experience with statutory accounting/reporting groups across several major international geographies.
Demonstrated capabilities by improving process
Experience of performing day-to-day accounting operations, month-end and quarter-end activities
Skills Required
Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Outlook)
Knowledge of Hyperion Essbase ,Oracle Financials
Good communication skills, presentation skills, prior experience of interacting with multiple stakeholders (Legal Entity and Geography controllers) in NA, EMEA, APAC
Pride of ownership with the ability to deliver high quality results timely
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
About State Street
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Job ID: R-799256

Work arrangement
No