Global Billing Operation - Team Lead

Basic Purpose of Job:

The Client Invoicing / Set-up SME provides subject matter knowledge and issues and escalation management in the assigned area of client biling 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 anlysis. 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).

Job Description

Work Experiences:

Bachelor’s/Master’s Degree in Finance, Chartered Accountant (CA) or preferred Certified Public Accountant (CPA)/MBA Finance) 5-7 years of progressive experience in Accounts receivable, banking areas with major financial institutions Financial Planning & Analysis in a global setting

Complex operational setting involving anaylsis 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

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