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Global Accounting Operation - Team Lead
State Street
5 - 10 years
Bengaluru
Posted: 12/07/2025
Job Description
- Preparation, posting and Analysis of month on month Revenue Accruals under GAAP/IFRS revenue recognition principles
- Fee Reserve booking and Analysis
- Revenue Adjustments and Intercompany Revenue
- Account Reconciliations & Certifications
- Accounts Receivable; Billed and Unbilled (including aging’s)
- Monitoring & Processing of Client Concessions / Revenue Reversals
- SOX Controls/Audit walk
- Cash Applications
- Loss booking
Daily:
- Monitor General Ledger activity for accuracy based on US GAAP rules
- Preparation of manual journal entries for accrual and adjustment revenue activities
- Cash application of receivables
- Follow up with the Business on aged billed and unbilled items
Monthly:
- Maintain accuracy of revenue accrual process
- Coordinate month-end close including preparation / oversight of manual journal entries Oversight of account reconciliations and certifications
- Perform SOX controls
About Company
State Street Corporation is a leading global financial services company headquartered in Boston, Massachusetts. Founded in 1792, State Street is one of the oldest financial institutions in the United States. It specializes in investment servicing, investment management, and investment research and trading for institutional clients.
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