Global Billing Operations ZQ-185

Global Billing Operations ZQ-185

14 Sep
|
State Street
|
Bangalore Rural

14 Sep

State Street

Bangalore Rural

- Bangalore, India

- - Background:



State Street has established a Global Billing Function under Controllership, which is responsible for client billing set up and invoicing across all business lines and geographies globally at State Street. Organizationally, it combines all groups performing these activities globally, and also includes centers residing in State Street Shared Service locations in Poland, India and China. Billing Organization owns aspects of business-as-usual activities within billing areas and also drives process improvements and automation.



Basic Purpose of Job:



The Client Set-up SME provides subject matter knowledge and issues and escalation management in the assigned area of client billing and invoice creation.

The candidate develops a thorough understanding of State Street’s business practices to effectively perform independent, complex platform configuration, data collection and analysis. Client/Fee schedule is very the most important function of GBO and have the direct impact on down stream process hence the role need eye for detail. Reporting to the Finance CoE Manager, the officer will be assigned to the Billing COE, working remotely alongside in-market team members to close a multitude of activities associated with client invoice generation and analytics of the assigned business units (BU).



Work Experiences:



Bachelor’s/Master’s Degree in Finance, Chartered Accountant (CA) or preferred Certified Public Accountant (CPA)/MBA Finance) 7-9 years of progressive experience in Accounts receivable, banking areas with major financial institutions Financial Planning & Analysis in a global setting



Complex operational setting involving analysis of financial data



Direct support to business or product line management / executives



 Financial services setting



Well Versed with ERP ORMB - good knowledge, experience



Well versed with O2C process, system automation etc



Project experience



Variance analysis and reporting of insights



Financial modelling 



Billing operations



Revenue accrual



Skills:



Excellent interpersonal, written, and verbal communication skills, with the ability to interface effectively with individuals at various levels, both internal and external



Analytical, with strong problem-solving abilities and creative resolution skills



Self-motivated, with the ability to work on multiple projects in a fast-paced environment



Comfortable presenting and pitching new ideas to senior management teams in large settings



Ability to remain organized, pay strict attention to detail, and meet critical deadlines within a high volume, fast-paced environment



Must be able to work in a fast paced environment



Detailed orientated with ability to consistently and accurately execute against operational controls



Ability to adapt to a changing environment and demands of transition of new clients 



Must possess strong communication skills with ability to participate in or lead conference calls and present financial results to financial and non-financial audiences at various levels of seniority



Pride of ownership with the ability to drive results within the Business



Solid business knowledge as it relates to the financial services industry 



Strong Analytical skill set 



Financial product and institution knowledge



Self-motivated, self-assured, and self-managed



Results oriented ownership mindset



Ability to multi-task and work under high pressure deadlines



Responsibilities:



Responsible for Reviewing and classification Fee schedules based on the standard guidance from the BU



Onboarding client into the database after converting all the relevant data from different sources



Responsible for day-to-day production of accurate, consistent, and timely deliverable.



Supporting various process transitions end to end at a global level – and act a single point of contact



Very good knowledge of contract to invoice process



Experience of building and maintaining strong control environment (risk excellence, experience with SOX, RCSA controls, etc.), establishing policies, procedures and strong internal controls



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



Perform user access reviews & certifications



Adopt “owner’s mind set”, work independently, and effectively manage timelines 



Measure, review, and assess performance and progress towards goals



Responsible for ongoing process improvements



Expectations:



Knowledge of various services and industry trends of billing methods for those services like Custody services, Sub custodian, trust services and out pocket expense billing, asset management etc.



Should have knowledge on setting up clients in banking sector



Demonstrated knowledge in improving the billing function for multiple geographies and business areas.



Other 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 billing systems



Conceptual understanding of company-wide financial architecture (GL, sub-GL technology, specialized tools) applicable to the above process groups of processes



Independent decision-making capabilities, demonstrated thought leadership



Pride of ownership with the ability to deliver high quality results timely



Self-motivated, self-assured, and self-managed



Strong analytical and ability to analyze and summarize complex financial transactions



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



- -

The original job offer can be found in Kit Job:
https://www.kitjob.in/job/18952727/global-billing-operations-zq-185-bangalore-rural/?utm_source=html

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