Travelport is a place of opportunity. It’s our incredible team that makes our company great – our people drive our winning culture.
What’s Travelport?
Travelport is a worldwide travel retail platform. Our next-generation marketplace connects buyers and sellers that share our passion for delivering exceptional travel experiences. Unconflicted and independent, we are reinventing a simpler future for travel’s complex ecosystem.
What does a great VBP Finance Analyst do?
This is a key role in the Travel Distribution Costs (TDC) team, operating within the Global Financial Operations division. Travel Distribution Costs consist of Travel Agent Incentives (TAI) and Operator Fees, and represents the largest expense incurred by Travelport.
The Value Based Pricing Finance Analyst will be responsible for accounting for the new Value Based Pricing (VBP) model. All accounting entries are processed including calculating of accruals and payments. Providing information on settlements and disputes and liaising with the appropriate account directors based around the world.
The VBP Finance Analyst will also be responsible for maintaining the ICFR processes and controls, in addition to supporting the ICFR and statutory audit requirements.
The role has primary responsibility for the month end process, monthly payment calculations and associated balance sheet reconciliations.
Responsibilities:
• Responsible for the timely and accurate payment of the VBP model.
• Review new contracts on a regular basis to ensure we have covered all terms relating to the Subscribers and their payment, comment, and feed back to account directors on impractical terms, working toward contract standardization wherever possible
• Liaise daily with the Billing and Assurance department, Sales and Marketing Offices (SMO’s) on issues such as rates, calculations and deductions, interpretation of contract terms.
• Responsible for all journals of incentive accruals relating to VBP and adjustment journals are posted at month end within the corporate timetable.
• Reconcile monthly the VBP incentive liabilities where appropriate ensuring that items are cleared and investigated within the month, report large variances for LEMR pack and SLT reporting.
• Maintain accurate filing system as archive documents are requested on a frequent basis Subscriber contracts and Subscriber statement support for future inspection
• VBP Subscriber related balance sheet reconciliations
• Manage all queries relating to VBP, utilizing the group mailbox, responding to queries in a timely and efficient manner
• Continual process improvement for the TDC area working closely with the TAI, Billing and Assurance team, Director TDC and internal audit on improved reporting and statements to Operators.
What we look for/who would prosper in this role?
• Part Qualified Accountant or studier (ACA, ACCA, CIMA) with knowledge of accruals and pre-payment accounting
• Working knowledge of Oracle ERP
• IT literate, with a good working knowledge of software packages including Excel and Word
• Good team working ability
• Good communication and interpersonal skills, with an ability to build effective relationships with other team members, SMO’s and Operators
• Excellent time management and ability to plan own working day.
• Proactive on query resolution
• The enthusiasm and drive to work to meet deadlines
• Knowledge of Sarbanes Oxley an advantage
As we evolve and grow as a business, so will you.
You will thrive within an inclusive and diverse workplace where you are encouraged to think differently, and have the courage, confidence & ambition to challenge what’s been done before, and be bold to win!
Interested? We’d love for you to get in touch!*
*Please note that if your application is progressed, you may be asked to complete a self-recorded video interview, at a time that works best for you. This is your chance to bring your skills & experience to life in your own words and style. Ensure you keep an eye on your junk folder just in case our invitation finds its way there.
We are an equal opportunities employer and will consider all qualified applicants purely on their skills and abilities. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation, if needed.
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