Specialized Accounting - Assistant Manager

IMA India; Bengaluru; Hybrid; INR 900,000 - 1,300,000; Full time

Job summary

State Street in Bangalore is seeking a Senior Accountant with 3–5 years in R2R and strong US GAAP/IFRS knowledge to support accounting for investments and regulatory reporting. The role entails BAU processing, month-end close, and ongoing process improvements in a hybrid, full-time setting.

You will lead re-engineering efforts, ensure internal control rigor, and collaborate with global finance teams to deliver timely, accurate financials and audit-ready documentation.

Qualifications

• Master’s degree in accounting, CA and CPA/MBA-Finance with 3-5 years of progressive experience in R2R areas.
• Extensive practical knowledge of US GAAP and IFRS and familiarity with German accounting standards.
• Experience with SOX controls and a strong internal control environment.
• Excellent communication skills and ability to interact with multiple stakeholders across geographies.
• Strong analytical ability and problem-solving skills; highly organized and capable of multitasking.

Responsibilities

• Review and prepare accounting entries and reporting schedules under US GAAP/IFRS and regulatory standards for investments.
• Lead process re-engineering, standardization, and automation efforts within R2R.
• Coordinate month-end close, prepare reconciliations, and regulatory reporting.
• Perform quarterly CCAR CFO attestation, SOX control testing, and audit responses.
• Develop subject matter expertise in investment accounting and related processes.

Job description

Employer: State Street

Location: Bangalore

Role: Accountant / Management Accountant

Level: Assistant, Manager

Certification: Other

Work Mode: Hybrid

Hours: Full Time

Posted: Aug 20, 2026 | Closes: Aug 27, 2026

Reference: 5849674283

Job Description

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 if required.
• 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

• Master’s degree in accounting, Chartered Accountant (CA) and Certified Public Accountant (CPA)/MBA-Finance with 3-5 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

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.

• inclusive development opportunities
• flexible work-life support
• paid volunteer days
• vibrant employee networks that keep you connected to what matters most.

Equal Opportunity Employer

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.

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