Global Billing Operation - Team Lead

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

The Client Set-up SME provides subject matter knowledge and issues and escalation management in the assigned area of client billing 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 analysis. 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).

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 :

Skills / Knowledge

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you'll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Discover more information on jobs at StateStreet.com / careers

Read our CEO Statement

Job ID : R-778994

Skills Required

Financial Planning Analysis, Word, Powerpoint, Access, Variance Analysis, Visio, Microsoft Office Suite, Excel, Financial Modelling