AVP - Transfer Pricing Specialist
State Street Corporation
Bangalore, India
36d ago

Basic Purpose of Job : :

  • The Expense Accounting COE Lead will be responsible for all aspects of US GAAP accrual accounting and day-to-day management of a team of 5-
  • 20 experienced Accounting professionals (the level of specialists and analysts) that provide support to Global Accounting Controllers and Finance Controllers group.

  • In addition to Business As Usual (BAU) responsibilities as described below this role will lead the process re-engineering standardization and automation efforts.
  • Responsibilities & Tasks Include :

    Business As Usual (BAU) Activities :

  • Collaborate closely with the onshore team to understand expectations and deliverable timelines and ensure that deliverables of the team are load balanced as compared to team staffing.
  • Develop the team to adopt owner’s mind set work independently and effectively manage timelines
  • Manage resources to assist with ad-hoc projects and new transactions to support the GAO Accounting controller group
  • Lead the day to day activities of an accounting and reporting team that is performing Accounting & Reporting
  • Performing managerial reasonableness reviews and discussing reporting & analytics deliverables prepared by the team to ensure results make sense that messaging is on point for the audience and ensuring the core objective of the deliverable is met
  • Provide support to key stakeholders of the team to present analytical results findings
  • First point of escalation within the local reporting line for dealing with issues (people / process / technology) and ensuring that compliance requirements are adhered to (e.
  • g. company policies surrounding standard of conduct information security employment regulations)

  • May be required to 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 transactions.
  • Coaches the team and works with onshore leadership to establish the team member goals and gather feedback for performance appraisals.
  • 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.
  • Team deliverables revolve around;
  • Be primarily responsible for the completion of the following activities through the team and self
  • Daily / Weekly :

  • Monitor General Ledger activity for accuracy based on US GAAP rules
  • Prepare manual journal entries
  • Monthly :

  • Coordinate month-end close including prepare manual journal entries
  • Preparation of prepaid amortization schedules and journal entry postings
  • Prepare account reconciliations and certification
  • Quarterly :

  • Prepare Regulatory SEC and Internal reporting
  • Perform SOX control testing as required
  • Process Intercompany expense settlements
  • Annual :

  • Perform CIS control testing
  • Assist in annual audit collaboration (Internal and External)
  • Ad-Hoc :

  • Prepare and update process narratives / procedures and flow charts
  • Response to internal and external requests including variance analysis and inquires
  • Participate in Ad Hoc projects and new transactions
  • General ledger account maintenance requests
  • Perform user access reviews & certifications
  • Accounting systems maintenance and upgrade
  • Process Re-Engineering Standardization and Automation :

  • Lead 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-enginerring and automation efforts
  • Required Qualification

    Education and Experience :

  • Master’s Degree in Accounting Chartered Accountant (CA) and Certified Public Accountant (CPA) / MBA-Finance with 10-12 years of progressive experience in R2R areas with major financial institutions
  • US GAAP 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 teams 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 Cognos 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
  • Senior-level communication skills presentation skills prior experience of interacting with multiple stakeholders (Legal Entity and Geography controllers) in NA EMEA APAC.
  • First or second level management expertise required
  • Independent decision-making capabilities demonstrated thought leadership
  • Pride of ownership with the ability to deliver high quality results timely
  • Self-motivated self-assured and self-managed
  • Strong analytical andability 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
  • Apply
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