Finance CoE Specialist - Team Lead

Reports to : AVP

Department/ Division : Corporate Finance, Financial Planning & Analysis (Client Profitability)        

Basic Purpose of Job:

The Finance COE Specialist will be a critical member of the Client Profitability team responsible for providing strategic decision support, financial analysis, and reporting in conjunction with supporting the Global Services/Global Delivery business area.  The Specialist will develop a thorough understanding of State Street’s business practices to effectively perform independent, complex reporting or analytics to support the ad-hoc needs of the businesses.  Reporting to the Finance CoE Manager, the Specialist will be a critical member of the team responsible for providing strategic decision support, assist in the preparation of Monthly/ Quarterly Client Profit and Loss statements (P&Ls) by providing reporting and analysis for assigned clients, products and business units in conjunction with supporting the Client Product and Profitability business area. 

The position requires excellent analytical, research and financial modeling ability, coupled with strong communication and time management skills.  The successful candidate will be comfortable interfacing and presenting to senior and executive management, both within the finance team and operations.

• Collects and reviews expense and revenue allocations by client, product and business units

• Coordinates and manages the preparation of monthly profit and loss statements
• Communicates with business units throughout the company to collect information for management reporting and analyses (e.g. Staffing and Service Department Allocations)
• Independently resolving the queries on Profit and loss statement
• Calculates and communicates internal charges to various organizations/ sub-divisions.
• Performs monthly, quarterly and annual reviews of processes and reports findings to management for process improvements
• Responding to Client and Internal Stakeholders queries in a time bound fashion with keen attention to numerical details ensuring the ‘What’ and ‘Why’ aspects of queries are correctly addressed.
• Adhoc reporting, inquiry responses and project management as needed.
• Self-review of reporting & analytics deliverables for first pass accuracy and presenting analytical results, findings as needed.

• Bachelor’s degree in Finance with 6 – 8 years of relevant experience or Master’s with min 5 - 6 years of experience ideally covering multiple aspects of the following:
  • Preparation and analysis of Financial Statement experience in a global setting
  • Financial services industry experience is preferred
  • Experience with gathering, preparation and Consolidation and summary of various data buckets like revenue, expense, headcount etc for multi-national companies
  • Multi-dimensional profitability (business, product, client)
  • Hands on working experience on Expense / Revenue allocations
  • Variance analysis and reporting of insights on a periodic basis with detailed commentaries.
  • Critical understanding of numbers and ability to analyse Revenue and expense trends at a product and client level and establish underlying themes.

• This is a visible role.  Excellent communication, organizational and presentation skills, and ability to present complex financial matters to management is required.
• Must be able to work in a fast-paced environment.
• 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 of financial services industry and various financial products.
• Transformational mindset and been part of initiatives driving efficiency/productivity.
• Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio), advanced levels of excel (pivot tables, formulas, excel workbook maintenance best practices) and MS Access.
• Working knowledge of Hyperion Profitability Cost Management, Hyperion Essbase, Salesforce 360.
• Knowledge of Spotfire, Power BI, Tableau/ Cognos data analytics and visualization (or similar) a plus.
• Sound knowledge base of Financial services industry and various products.
• Self-motivated, Self-assured, and Self-managed with a result-oriented ownership mindset.
• Ability to multi-task and work under high pressure deadlines.

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