Visa Hiring for Senior Finance Manager, Client Incentive Operations Job at London, England Full Time

Visa is a world leader in digital payments, facilitating more than 215 billion payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive.

When you join Visa, you join a culture of purpose and belonging – where your growth is priority, your identity is embraced, and the work you do matters. We believe that economies that include everyone everywhere, uplift everyone everywhere. Your work will have a direct impact on billions of people around the world – helping unlock financial access to enable the future of money movement.

Join Visa: A Network Working for Everyone.

The Client Incentive Operations (CIO) team determines the accounting treatment of incentives in accordance with US GAAP and ensure compliance with contractual terms on executed Client Agreements. This includes assessment of any contingent liability clauses. The team also manages lifecycle events associated with executed contracts such as building financial models to calculate incentive accruals, processing payments and processing contract renewal. The process is highly complex, bespoke and requires significant interactions with other teams such as Deals, Client Incentive Market Specialists and Account Executives.

The team is part of the broader Revenue function within Visa Europe Controllership team

In addition to accounting and operational responsibilities, we are currently investing significantly in our backoffice processes, and the person will also support projects and develop best practice in processes and controllership for Visa Europe and ensure that our processes are aligned globally.

Key Responsibilities

• Manage accounting for Client Incentive models on Oracle Revenue Management and Billing System (ORMB) and Excel through a team of 3
• Manage setup of new client agreements by reviewing contracts and working with Deals team, Client Incentive Market Specialists and Account Executives
• Manage all lifecycle events associated with Client Incentives Operations- payments, accruals update, contract renewals, clawback assessments
• Review client incentive contract terms and prepare incentive adjustment calculations
• Ownership of aspects of the monthly, quarterly, and annual close processes while implementing and maintaining adequate mechanisms and forums for reviews, decision making and escalations with finance partners and management. This includes journal approval, BS reconciliations, manual journal review, PnL and BS flux analysis, subsequent event reporting
• Drive simplification, standardization and continuous improvement of processes and controls to achieve effective financial reporting and operational processes. This includes partnering with appropriate stakeholders, for a successful end-to-end approach to reporting
• Ensure that Visa Europe activities are aligned globally
• Business partner with financial and non-financial stakeholders on key business initiatives to provide Subject Matter Expert advice on operational processes and accounting advice
• Work collaboratively with other parts of the business to implement key initiatives and key improvements
• Support compliance with CIO governance process and audit requirements, including documentation and tracking of approvals
• Assist with ad-hoc data revenue analysis and projects
• Evaluation of technical accounting considerations relating to new business activities
• Support internal and external audit activities as requested

Qualifications

• Qualified Accountant- ACA/ ACCA/ CIMA
• Strong experience in Financial Control, including month-end and year-end close processes, and strong knowledge of accounting standards
• Demonstrated people management experience in a hands-on role
• Strong understanding of both financial and operational controls in a high-volume reporting environment, with heavily reliance on IT systems, automated and manual controls
• Inquisitive and possess natural curiosity to challenge current practices
• Demonstrated ability to dive deep into data, processes, people and technology challenges in order to identify issues and opportunities towards improving client submissions and internal reporting
• Demonstrated experience in driving standardization and continuous improvement of existing processes and controls to achieve successful end-to-end reporting approach
• Excellent communication skills (written and verbal) with the ability to communicate concisely and persuasively across regional and/or functional lines,
• Intermediate Excel skills at a minimum

Additional Information

Visa is an EEO Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status. Visa will also consider for employment qualified applicants with criminal histories in a manner consistent with EEOC guidelines and applicable local law.