Transfer Pricing - Senior Manager

Background: Driven by the Beacon initiatives, functionalization of the corporate functions and re-alignment of the Finance Operating Model, State Street has established the Global Accounting Operations (GAO) organization in 2017. GAO is a process-focused organization responsible for the majority of the record-to-report (R2R) activities performed at State Street. Organizationally, it combines all groups performing these activities Globally and also includes Accounting Centers residing in State Street Shared Service locations in Poland, India and China. GAO organization is established on principles of Global Process Ownership and process excellence , owning all aspects of business-as-usual activities within R2R areas and driving process improvements and automation Globally. To achieve this objective, GAO has been structured into several distinct global units each is responsible for all aspects of selected major groups of R2R activities, such as Close & Consolidation, Revenue/Expense Accounting, Payroll Accounting, Intercompany Transactions, Specialized/Product Accounting, Cash/Deposit governance and others. Each global unit will be responsible for all aspects of business-as-usual activities within their group of processes, as well as process re-engineering and automation activities – this includes leading process assessments; driving process design and process re-engineering work; co-owning technology initiatives bringing automation to GAO organization, working in close collaboration with the teams in Finance Technology, Finance Re-Engineering, Data Management, and other partnership organizations. Basic Purpose of Job:: The Officer will be responsible for the review and preparation of accounting entries and managing Transfer Pricing related transactions under US GAAP. This individual should posses extensive operational knowledge and should be subject matter expert in the area of accounting related to Transfer Pricing transactions. Booking of Transfer Pricing entries in the Primary Ledger. Knowekdge on Reg W Transactions. Managing disputes. Break resolution Apart from the above requirement the candidate should have a complete overview of the TP process and should be readily  in  involved In project reengineering. Responsibilities & Tasks Include: Business As Usual (BAU) Activities: Should have “owner’s mind set”, work independently, and effectively manage timelines  May be required to provide accounting analyses or research on critical and complex issues which may include variance analysis of accounting transactions related to the products supported. Develop subject matter expertise in all aspects of the products under responsibility including operational aspects of a particular accounting transaction. Participate in or manage function specific projects as needed Ensure high quality and completion of deliverables within the committed timeframe.  Team deliverables revolve around; Monthly: Coordinate month-end close including prepare / review manual journal entries and export accounting system reports. Analyse account reconciliations and and clear open items. Review Transfer pricing Journal Entries posted by team for accuracy. Stakeholder communication. Review Currency Conversion deals, and TP settlement entries as per payment file. Nostro Account review and resolution of unidentified funds. Annual : Response Audit queries and submissions of reports to Auditors and Tax Team. Ad-Hoc : 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 General ledger account requests Accounting systems maintenance and upgrade Perform user access reviews & certifications Perform analysis to support intercompany transfers, prepare automated transfer processing file, validate transfers, and prepare manual journal entries Process Re-Engineering, Standardization, and Automation: Responsibility