Responsibilities

The Senior Accountant will be responsible for the review and preparation of accounting entries and reporting schedules under US GAAP, IFRS, German accounting standards and Regulatory standards for Investment carried at amortized cost, marked-to-market to-OCI and to the income statement. This individual will develop extensive operational knowledge and provide subject matter expertise in the area of accounting related to investment securities which include:

Adjustments to USGAAP
Multiple internal entities
Internal transfers
Purchases and sales
Investment Accounting

In 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

Business As Usual (BAU) Activities:

Develop the team to adopt owner's mind set, work independently, and effectively manage timelines
May be required to provide accounting analyses or research on critical and complex issues which may include variance analysis of accounting transactions related to the products supported.
Develop subject matter expertise in all aspects of the products under responsibility including operational aspects of a particular accounting transaction.
Participate in or manage function specific projects as needed
Ensure high quality and completion of deliverables within the committed timeframe. Team deliverables revolve around;

Daily

Monitor investment security realized gain/(loss) and prepare manual journal entries
Monitor investment security purchase and sale activity

Monthly

Coordinate month-end close including prepare / review manual journal entries and export accounting system reports
Prepare account reconciliations and certification
Process adjustments to Treasury Data Repository (TDR), complete TDR data checks, and perform TDR reconciliations to ledger
Prepare Regulatory Reporting.

Quarterly

Prepare Regulatory, SEC, and Internal reporting
Perform CCAR CFO attestation control testing
Perform SOX control testing

Annual

Response Audit queries and submissions of reports to Auditors and Tax Team.

Ad-Hoc

Prepare and update process narratives/procedures and flow charts
Response to internal and external requests including variance analysis and inquires
Participate in Ad Hoc projects and new transactions
General ledger account requests
Accounting systems maintenance and upgrade
Perform user access reviews & certifications
Perform analysis to support intercompany transfers, prepare automated transfer processing file, validate transfers, and prepare manual journal entries

Process Re-Engineering, Standardization, And Automation

Responsibility for ongoing process improvements
Assist in implementation of the GAO process re-engineering and automation efforts

Job Requirements

Education and Experience:

Master's degree in accounting, Chartered Accountant (CA) and Certified Public Accountant (CPA)/MBA-Finance with 6-8 years of progressive experience in R2R areas with major financial institutions
Extensive practical experience and knowledge of the US GAAP and IFRS accounting standards for the above areas, experience with other accounting standards (German, etc.) is a plus
In depth knowledge of Accounting for Certain Investments in Debt and Equity Securities ASC 320 former FAS115.
Understanding of international regulatory landscape, experience with statutory accounting/reporting groups across several major international geographies.
Experience of building and maintaining strong control environment (risk excellence, experience with SOX, RCSA controls, etc.), establishing, procedures and strong internal controls.
Experience working with multi-geographical processes process
Extensive experience performing day-to-day accounting operations, month-end and quarter-end activities for the above areas of accounting
Experience with R2R (record-to-report) centralized processes

Skills Required

Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word), advance levels of Excel (pivot tables, formulas, excel workbook maintenance best practices)
Knowledge of Hyperion Essbase, Oracle Financials.
Knowledge of Spotfire, Cognos data analytics 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
Excellent communication skills, prior experience of interacting with multiple stakeholders (Legal Entity and Geography controllers) in NA, EMEA, APAC
Independent decision-making capabilities
Pride of ownership with the ability to deliver high-quality results timely
Self-motivated, self-assured, and self-managed
Strong analytical ability to analyze and summarize financial transactions related to the products supported
Strong attention to details
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

About State Street

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Job ID: R-798499

GAO-Specialized Accounting-Senior Manager