Assistant Vice President-5

State Street — Bangalore, India

Driven by the State Street Beacon initiative, functionalization of corporate functions and re-alignment of the Finance operating model, State Street has established Global Accounting Operations (GAO) in 2017. 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 Accounts payable Project accounting Balance sheet substantiation and system to system reconciliations Transfer pricing Client profitability Management allocations 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. Majority of GAO capacity (circa 80%) is concentrated in 2 Global and 2 Regional GAO GFC (Global Finance Centre) where activities are organized by process: Global GAO GFC in Bangalore, India (captive) EMEA Regional GAO GFC in Krakow, Poland (captive) APAC Regional GAO GFC in Hangzhou, China (captive) Remaining 20% of activities reside within Regional Service Delivery Teams supporting NAM, EMEA and APAC regions. These teams are organized by business unit and material legal entity and act as an interface between Global and Regional Hubs and non-GAO stakeholders – Controllers, FP&A, Treasury, and Tax etc. Goal of the position: Accountable to manage end to end Expense Accounting, reporting activities from GFC. Partner with GPO to drive process and controls improvements and process automation. Successful delivery of Transformation & Re-engineering projects Responsibilities & Tasks Perform month-end, 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 maintaini

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