Accountant

Accountant

State Street

State Street

Bangalore, India

Experience :

Manager

Closes on :

Jan 3, 2025

Job Description

Job Description

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 AnalysisAccount Reconciliations & CertificationsMonitoring & Processing of Invoice correction and offset with open ARCash ApplicationsIn 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 transactionsParticipate in or manage function specific projects as neededEnsure 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.Perform the following Accounting activities:Daily:Invoice upload from billing system to accounting toolPreparation of manual journal entries for cash application and performing reconciliation between bank v/s sub-ledgerCash application of receivablesFollow up with the Business on aged billed itemsTimely and accurate back-ups for BSS open/exception and unreconciled balancesWrite off on residual invoice/receipt batchFollow up on unapplied cash/aged debt balanceMonthly:Maintain accuracy of revenue accounting processCoordinate month-end close including preparation / oversight of manual journal entries Oversight of account reconciliations and certificationsPerform SOX controlsMonth close activities – Book closure, Data movement from sub-ledger to ledger etc.,Quarterly:Prepare Regulatory and Internal reportingPerform SOX control testingFee Reserve AnalysisAd-Hoc:Prepare and update process narratives/procedures and flow chartsRespond to internal and external requests including variance analysis and inquiresParticipate in Ad Hoc projects and new transactionsList of Accounting systems:OracleCBSMCHBadger Information Classification: Limited AccessCash Manager or InstructSTARSEssbaseDiscoverer ViewerOracle FinappsProcess Re-Engineering, Standardization, and Automation:Be a part of the process Re-Engineering, Standardization, AutomationResponsibility for ongoing process improvementsImplementation support of the GAO process re-engineering and automation effortsJob Requirements:Education and Experience:Degree in Accounting, Masters, Finance with 3-4 years of progressive experience in R2R areasUnderstanding 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 activitiesSkills required :Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Outlook) Good communication skills, presentation skills, prior experience of interacting with multiple stakeholders (Legal Entity and Geography controllers) in NA, EMEA, APACPride of ownership with the ability to deliver high quality results timelyStrong analytical and ability to analyze and summarize complex financial transactionsStrong attention to detailsProblem solving skillOrganized with ability to multi-task and work under high pressure deadlinesMust be able to work in a fast paced environmentEnd Date: January 4, 2025For further information, and to apply, please visit our website via the “Apply” button below.

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