Expense Accounting, Associate 2

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 E ducation 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