Revenue Accounting - Senior Manager

Overview

Senior Manager in Revenue Accounting within the Global Accounting Operations (GAO) organization at State Street, responsible for revenue recognition under US GAAP and day-to-day management of an accounting team supporting the Global Revenue Accounting group. Also leads process re-engineering, standardization and automation efforts.

What you'll do

• Lead the day-to-day activities of an accounting team performing Revenue Accounting.
• Collaborate with the onshore team to understand expectations and deliverable timelines, and load balance team deliverables against staffing.
• Perform managerial reasonableness reviews of reporting and analytics deliverables prepared by the team.
• Provide subject matter expertise on revenue accruals under GAAP/IFRS revenue recognition principles, fee reserve analysis, revenue adjustments, intercompany revenue, account reconciliations and certifications, accounts receivable (billed and unbilled, including aging), monitoring and processing of client concessions and revenue reversals, SOX controls, and cash applications.
• Serve as first point of escalation within the local reporting line for people, process and technology issues, and ensure compliance requirements are adhered to.
• Coordinate with onshore team and Accounting Policy to determine appropriate accounting treatment for complex transactions.
• Oversee the Revenue team's daily activities: monitor General Ledger activity for US GAAP accuracy, prepare manual journal entries for accrual and adjustment revenue activities, perform cash application of receivables, and follow up with the business on aged billed and unbilled items.
• Oversee monthly activities: maintain accuracy of the revenue accrual process, coordinate month-end close including manual journal entries, oversee account reconciliations and certifications, and perform SOX controls.
• Oversee quarterly activities: prepare regulatory and internal reporting, perform SOX control testing, and perform fee reserve analysis.
• Handle ad-hoc activities: prepare and update process narratives, procedures and flow charts; respond to internal and external requests including variance analysis and inquiries; participate in ad-hoc projects and new transactions; perform user access reviews and certifications.
• Coach the team, work with onshore leadership on team member goals, and gather feedback for performance appraisals.
• Collaborate with Revenue Operations (Billing) teams on initiatives, errors and new contracts.
• Lead process re-engineering, standardization and automation, including ongoing process improvements, execution of the right-placement strategy, and implementation support for GAO re-engineering and automation efforts.

What you'll need

• Master's degree in Accounting, Chartered Accountant (CA) or Certified Public Accountant (CPA), or MBA-Finance.
• 6-8+ years of progressive experience in R2R areas with major financial institutions.
• Extensive practical experience and knowledge of US GAAP and IFRS accounting standards.
• In-depth knowledge of the supported products.
• Understanding of international regulatory landscape, with experience with statutory accounting/reporting groups across several major international geographies.
• Experience building and maintaining a strong control environment (risk excellence, SOX, RCSA controls), and establishing policies, procedures and strong internal controls.
• Demonstrated leadership in improving or building out R2R process groups for multiple geographies and business areas.
• Extensive experience managing teams performing day-to-day accounting operations, month-end and quarter-end activities.
• Experience leading re-engineering of R2R processes and driving centralization of end-to-end activities for major financial institutions.
• Proficiency in Microsoft Office suite, including advanced Excel (pivot tables, formulas, workbook maintenance best practices).
• Knowledge of Hyperion Essbase and Oracle Financials.
• Conceptual understanding of company-wide financial architecture (GL, sub-GL technology, specialized tools) applicable to the process groups.
• Senior-level communication and presentation skills, with experience interacting with multiple stakeholders (Legal Entity and Geography controllers) in NA, EMEA and APAC.
• First or second level management expertise.
• Independent decision-making capabilities and demonstrated thought leadership.
• Strong analytical ability to analyze and summarize complex financial transactions, with strong attention to detail and problem-solving skill.
• Highly organized, able to multi-task and work under high-pressure deadlines in a fast-paced environment.

Nice to have

• Knowledge of Spotfire, Tableau, Cognos data analytics and visualization (or similar).

Details

• Location: Bangalore, India.
• Reports to: Revenue, BU Accounting CoE Lead - AVP.
• Department/Division: Corporate Finance CoE, Bangalore.