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Expense Accounting, Associate 2
mid · Audit & Accounting
Who we are looking for
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.
What you will be responsible for
As an Associate 2 you will be :
Perform Accrual working for month end journals, quarter-end, and year-end close processes to verify all entries have been created and posted, ensuring completeness, accuracy, and reporting integrity.
Prepare and post journal entries to record accrued expenses in the correct period, amortize prepaid expenses and fixed assets while maintaining schedules that tie 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.
Prepare & maintain the accrual aging file.
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)
Reconcile bank, prepaid and accrual accounts, against the supporting and facilitate any entries if required.
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.
Work with and support the team in day-to-day activities.
Ensure SOPs are updated with the most recent procedure.
Accountable to manage end to end Expense Accounting, reporting activities from GFC (Global Finance Centre).
Partner with GPO to drive process and controls improvements and process automation.
Successful delivery of Transformation & Re-engineering projects
Education and Experience:
Bachelor/master’s degree in finance or MBA
Accounting qualification (ACA, ACCA, CPA, CIMA)
2-5 years of progressive experience in Accounting Operations, Controllers in Record to Report.
Experience of working in Controllership/Accounting teams in a Shared Services environment
Extensive practical experience and knowledge of the US GAAP and IFRS accounting standards
What we value
These skills will help you succeed in this role:
Proficiency in Microsoft Office suite (Excel, Access, PowerPoint), Medium levels of Excel (pivot tables, formulas, excel workbook maintenance best practices)
Knowledge of Essbase, Oracle Financials
Knowledge of Spotfire, Tableau, data analytics, Macros 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
Self-motivated, self-assured, and self-managed
Good knowledge of accounting concepts related to Profit and Loss Account and Balance sheet.
Must be able to work in a fast-paced environment.
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance, and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
About State Street
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.
Discover more information on jobs at StateStreet.com/careers
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