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

As the world’s leader in digital payments technology, Visa’s mission is to connect the world through the most creative, reliable and secure payment network – enabling individuals, businesses, and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s dedication to innovation drives the rapid growth of connected commerce on any device, and fuels the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce.

At Visa, your individuality fits right in. Working here gives you an opportunity to impact the world, invest in your career growth, and be part of an inclusive and diverse workplace. We are a global team of disruptors, trailblazers, innovators and risk-takers who are helping drive economic growth in even the most remote parts of the world, creatively moving the industry forward, and doing meaningful work that brings financial literacy and digital commerce to millions of unbanked and underserved consumers.

You’re an Individual. We’re the team for you. Together, let’s transform the way the world pays.

Visa is currently seeking a Senior Finance Manager to play a critical role in ensuring correct accounting for Visa.

The Revenue Accounting team is responsible for the timely accounting recognition for all Europe revenue streams in accordance with US GAAP, regional regulatory reporting, and accounting treatment for fee related client incentives, including those provided at point of invoice.

The team, together with the Client Incentive Operations 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 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.

Key Responsibilities

• Develop and update financial models in Excel and Oracle Revenue Management and Billing system (ORMB) to account for impact of pricing changes on client incentive agreements (cost certainty) and gross revenue
• Manage lifecycle events associated with Client Incentives- payments, accruals update, contract renewals as well as clawback assessments
• Collaborate with Client Incentive Operations team to track performance targets and conditions relating to cost certainty clauses, incentives, discounted pricing and fee waivers
• Review client incentive contract terms and prepare incentive adjustment calculations
• Ownership of aspects of the monthly, quarterly, and annual closes 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, gross revenue PnL and BS flux analysis
• 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
• Support compliance with CIO governance process and audit requirements, including documentation and tracking of approvals
• Evaluation of technical accounting considerations relating to new business activities

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.