Balance Sheet Substantiation - Assistant Manager

ACCA Careers; Bengaluru; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

State Street Global Accounting Operations (GAO) is seeking an Assistant Manager – Expense Accounting to own end-to-end expense accounting processes from the Global Finance Centre. You will partner with the GPO to drive process improvements, controls, and automation while delivering transformation projects.

The role requires 8–10 years of accounting experience, strong knowledge of US GAAP/IFRS, and proficiency in Oracle/SAP. Collaborative, detail-oriented professionals are encouraged to apply.

Qualifications

• Bachelor’s or MBA in finance or related field.
• Accounting qualification (ACA, ACCA, CPA, or CIMA).
• 8–10 years of progressive experience in Accounting Operations/Record to Report.

Responsibilities

• Perform month-end, quarter-end, and year-end close processes.
• Post journal entries for accrued and prepaid expenses; maintain balance sheet schedules.
• Ensure accurate period-end close; reconcile and consolidate as required.
• Support ad-hoc GAO Accounting projects and new transactions.
• Process intercompany expense settlements; prepare regulatory and internal reports.
• Provide analytical results to stakeholders and ensure compliance with policies.

Skills

US GAAP

IFRS

SOX controls

Financial analysis

Advanced Excel

Data analytics

Attention to detail

Multi-tasking

Education

Bachelor’s/MBA in finance

ACA/ACCA/CPA/CIMA

Tools

Oracle

SAP

Essbase

Tableau

Spotfire

Job description

• Functional Job Title: Assistant Manager – Expense Accounting

State Street

Reports to – AVP

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

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, Review 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.
• Manage time to assist with ad-hoc projects and new transactions to support the GAO Accounting group.
• Process Intercompany expense settlements.
• Prepare Regulatory, SEC, and Internal reporting.
• Provide support to key stakeholders of the team to present analytical results, findings.
• 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.
• May serve as a subject matter expert on a particular accounting transaction.
• Support with queries from regulatory authorities and external auditors
• Work with and support the team in day-to-day activities including issues requiring judgement and expertise.
• Ensure SOPs are updated with the most recent procedure.
• Participate & contribute Re-Engineering, Automation and other ERP Implementation Initiatives.

Education and Experience:

• Bachelor/master’s degree in finance or MBA
• Accounting qualification (ACA, ACCA, CPA, CIMA)
• 8-10 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
• Experience of building and maintaining strong control environment (risk excellence, experience with SOX, RCSA controls, etc.), establishing procedures and strong internal controls.
• Experience of leading/working redesign, centralization, standardization and automation of R2R processes
• Experience of implementing accounting technology (Oracle, SAP) in a major institution
• Hands on experience in creating and maintaining strong control environment.
• Skills required:
• Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio), advance 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
• Strong analytical and ability to analyse and summarize complex financial transactions.
• Strong attention to details & Problem-solving skill.
• Good knowledge of accounting concepts related to Profit and Loss Account and Balance sheet.
• Ability to prioritize workload, meet deadlines and manage multiple assignments simultaneously.
• Must be able to work in a fast-paced environment.
• Problem solving skill.
• Highly organized with ability to multi-task and work under high pressure deadlines.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

End Date: September 30, 2026