Senior Associate, Conversion Validation, Global Billing Operations Job Vacancy in State Street Bengaluru, Karnataka – Updated today

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Full Details :
Company Name : State Street
Location : Bengaluru, Karnataka
Position :

Job Description : Job Description
Functional Job Title : Billing Transformation – Conversion – Emerging Lead
Reports to : BTP Manager
Department/ Division : Controllership, Bangalore
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:
We are searching for those who are fueled by an inner drive to make a difference and to push their professional and technical capabilities to the next level. If you are someone who wants to become the “go to person” or the “subject matter expert” in this field, then Statestreet Billing setup team is the place for you. With wide range of subject knowledge and opportunities.
You will be part of the of biggest re-engineering project in Statestreet Global billing Transformation. Providing subject matter knowledge in the assigned area of end to end client billing setup and invoice creation. Understanding of State Street’s business practices to effectively perform independent, complex platform configuration, data collection & analysis and invoice calculations. Working remotely alongside in-market team members to close a multitude of activities associated with client billing process and analytics of the assigned business units (BU)
Responsibilities & Tasks Include:
Interpretation of complex fee schedules for different businesses with different requirement, 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 schedule 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 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 modelling
Billing operations
Revenue accrual
Skills/ Knowledge:
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
Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio), advanced levels of excel (pivot tables, formulas, excel workbook maintenance best practices)
Strong Analytical skill set
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

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