State Street has invited applications from eligible candidates for the post of Senior Associate.
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.
Responsibilities & Tasks Include:
- Interpretation of complex fee schedules for different businesses with different requirements, regular interaction with BU to understand the need of the business.
- Completion of high-quality deliverables within the committed timeframe. Deliverables vary by BU focus but typically relate to;
- Analysis of new client revenue arrangements including engagement with local business units to validate instructions and understand client revenue intent
- Configuration of the client fee schedules in billing platform
- Collection of raw data used in the billing process including execution of data quality controls
- Engage with Billing Transformation PMO to convert new clients and evolve processes and controls based on learnings from converted clients
- Monthly revenue waterfalls
- Self-review of reporting & analytics deliverables for the first-pass accuracy and presenting analytical results, findings as needed
- General responsibility for particular fee schedule activities, such as fee schedule set-up and maintenance review.
- May be required to participate in or conduct a wide range of accounting and financial analyses on critical and complex issues which may include evaluating the configuration, data, and control environment for new clients converting to the environment
- Serves as a subject matter expert on a particular financial management matter
- Participates in or manages function-specific projects as needed
- May develop and/or update various financial models to generate analyses
- Prepares reports and presentations packages. Interprets results for management.
- May provide guidance to less seasoned analysts
Job Requirements:
Education and Experience:
- Master’s Degree in Finance, Chartered Accountant (CA) or Certified Public Accountant (CPA)/MBA-Finance with 5-7 years of progressive experience in Billing 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
- Experience with preparation of budgets for multi-national companies
- Multi-dimensional profitability (business, product, client)
- Project experience
- Variance analysis and reporting of insights
- Financial modeling
- Billing operations
- Revenue accrual
Skills/ Knowledge:
- Must be able to work in a fast-paced environment
- Detailed orientated with the ability to consistently and accurately execute against operational controls
- Ability to adapt to a changing environment and demands of the transition of new clients
- Must possess strong communication skills with the 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
- Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio), advanced levels of excel (pivot tables, formulas, excel workbook maintenance best practices)
- Strong analytical skillset
- Financial product and institution knowledge
- This is a visible role. Excellent communication, organizational and presentation skills, and ability to present complex financial matters to management
- Self-motivated, self-assured, and self-managed
- Results-oriented ownership mindset
- Ability to multi-task and work under high-pressure deadlines
Location:
Bangalore, India
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