Background:

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.

Organizationally GAO combines all groups performing these activities globally – approximately 500 employees as of 1Q19.

Majority of GAO capacity (circa 80%) is concentrated in 2 Global and 2 Regional GAO Hubs where activities are organized by process:




- Global GAO Hub in Bangalore, India (captive)
- GAO Production Hub in Coimbatore and Chennai (State Street/HCL JV)
- EMEA Regional GAO Hub in Krakow, Poland (captive)
- APAC Regional GAO Hub 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:
- Emerging lead in this role will be responsible for supporting the preparation and review of monthly balance sheet reconciliations.
- Partners with Line manager to drive process improvements, controls and process automation.
- Successful delivery of the Balance Sheet Substantiation Remediation Project for the assigned region.

Responsibilities & Tasks I

📌 Global Accounting Operation (Bengaluru)
🏢 State Street
📍 Bengaluru