Expense Accounting - Senior Associate

Reports to – Manager.

Background

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.

Goal Of The Position

• 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
• process automation.
• Successful delivery of Transformation & Re-engineering projects

Responsibilities & Tasks

• Monitor daily payroll tax reports and ensure accuracy and properly reconciled against payroll reports & thereafter reconciliation.
• Validate all payroll related payments.
• Reconcile DDA accounts daily for employee payroll check, ACH direct deposit kickers, non-cashed payroll tax agency checks.
• Employee benefit vendor research for missing benefit deductions, over deductions, corrections to vendor reports, etc.

• Prepare off-book manual journal entries.
• Update tax workbooks with 3rd party providers to ensure all corrected payrolls and associated taxes have been provided to the respective taxing agencies.
• Validate and approve all weekly payroll tax filings for our 3rd party tax outsource partner.

• Coordinate month-end close including prepare manual journal entries and export accounting system reports.
• Monthly Accrual posting
• Prepare account reconciliations and certification for tax, DDA, payroll and employee benefit accounts.
• Provide intercompany entries for employees’ tax withholdings on international assignments.
• Review DDA accounts for uncashed manual payroll checks and contact employees directly for reissuance or follow up.

• 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.
• In depth knowledge of Payroll accounting along with US & Canadian Payroll Taxes including EMA and APAC region Extensive practical experience and knowledge of the US GAAP and IFRS accounting standards.
• Hands on experience in creating and maintaining strong control environment.

• 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.

Job ID: R-741996