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. 

• Experience in controllership or reconciliations process in a Shared Services environment. 

• Extensive experience and knowledge of the US GAAP and IFRS accounting standards. 

• Hands on experience in creating and maintaining strong controls environment. 

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 (ARCS) is preferred. 

• 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 and ability to analyze and summarize complex financial transactions 

• Strong attention to details and 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 
  

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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