Sr. Financial Analyst, Client Incentive Operations
About the position
The Client Incentive Operations team are responsible for managing Client Incentive and Merchant Acceptance Incentive agreements. We ensure compliance with contractual terms and determine the accounting treatment of each incentive deal and conformity with US GAAP. We use lean/six sigma process methodologies to provide benefits to our stakeholders regarding quality, cost and schedule associated with our work. This role is to support operations of the North America Client Incentive team.
Responsibilities
• Manage Client Incentive contracts for North America
• Analyze executed incentive contract terms to assess Visa's contractual obligations and determine appropriate accounting treatment based on Visa policy and procedure
• Review proforma to ensure accuracy of contract interpretation and application of Visa's accounting policy respectively. Work with internal stakeholders to clarify contract clauses
• Setup incentive contracts in Oracle Revenue Management and Billing (ORMB) system per contract terms, ensuring that all key obligations have been accurately addressed. Ensure consistencies in the process especially those to accommodate system limitation
• Manage, track, and process contractual payments per terms of contracts accurately and timely for all regions, perform peer reviews and approvals on payments and contract setups
• Review on-going contract performance and update future performance /amortization schedules, as needed
• Liaise with Sales, Strategy, Interchange, FP&A, Legal, clients and other stakeholders to provide support around deal structuring, accounting guidance, and ad-hoc requests
• Responsible for inquiries and issue resolutions related to the assigned contracts
• Coordinate with the bigger Client Incentive Operations team. Understand the various deal structures and ensure a consistent business process applied globally for a similar contract structure
• Drive process improvement through Lean Six Sigma project with key stakeholders. Participate in in-person discussions to identify and implement improvements.
• Interact with various levels of management across the organization as well as with external clients. Strong leadership and interpersonal skills are required as cross-functional projects occur on a regular basis
• Support ad-hoc analysis, contract drafting, and projects as needed
• Train and provide guidance to junior analysts
• Ensure key production metrics for the month are met
Requirements
• 5 or more years of relevant work experience with a Bachelors Degree or at least 2 years of work experience with an Advanced degree (e.g. Masters, MBA, JD, MD) or 0 years of work experience with a PhD
• Detail oriented, conscientious, thorough and highly organized
• Self-motivated with ability to function well independently as well as in a team, and comfortable in a fast-paced and dynamic environment
• Strong leadership and interpersonal skills
• Strong business analysis skills, excellent verbal and written communication skills
• Proficient in advanced Excel, familiar with Oracle based application is a plus
Nice-to-haves
• 6 or more years of work experience with a Bachelors Degree or 4 or more years of relevant experience with an Advanced Degree (e.g. Masters, MBA, JD, MD) or up to 3 years of relevant experience with a PhD
• Chartered Accountant or CPA preferred but not required
• Audit or accounting experience
Apply Now
Apply Now
The Client Incentive Operations team are responsible for managing Client Incentive and Merchant Acceptance Incentive agreements. We ensure compliance with contractual terms and determine the accounting treatment of each incentive deal and conformity with US GAAP. We use lean/six sigma process methodologies to provide benefits to our stakeholders regarding quality, cost and schedule associated with our work. This role is to support operations of the North America Client Incentive team.
Responsibilities
• Manage Client Incentive contracts for North America
• Analyze executed incentive contract terms to assess Visa's contractual obligations and determine appropriate accounting treatment based on Visa policy and procedure
• Review proforma to ensure accuracy of contract interpretation and application of Visa's accounting policy respectively. Work with internal stakeholders to clarify contract clauses
• Setup incentive contracts in Oracle Revenue Management and Billing (ORMB) system per contract terms, ensuring that all key obligations have been accurately addressed. Ensure consistencies in the process especially those to accommodate system limitation
• Manage, track, and process contractual payments per terms of contracts accurately and timely for all regions, perform peer reviews and approvals on payments and contract setups
• Review on-going contract performance and update future performance /amortization schedules, as needed
• Liaise with Sales, Strategy, Interchange, FP&A, Legal, clients and other stakeholders to provide support around deal structuring, accounting guidance, and ad-hoc requests
• Responsible for inquiries and issue resolutions related to the assigned contracts
• Coordinate with the bigger Client Incentive Operations team. Understand the various deal structures and ensure a consistent business process applied globally for a similar contract structure
• Drive process improvement through Lean Six Sigma project with key stakeholders. Participate in in-person discussions to identify and implement improvements.
• Interact with various levels of management across the organization as well as with external clients. Strong leadership and interpersonal skills are required as cross-functional projects occur on a regular basis
• Support ad-hoc analysis, contract drafting, and projects as needed
• Train and provide guidance to junior analysts
• Ensure key production metrics for the month are met
Requirements
• 5 or more years of relevant work experience with a Bachelors Degree or at least 2 years of work experience with an Advanced degree (e.g. Masters, MBA, JD, MD) or 0 years of work experience with a PhD
• Detail oriented, conscientious, thorough and highly organized
• Self-motivated with ability to function well independently as well as in a team, and comfortable in a fast-paced and dynamic environment
• Strong leadership and interpersonal skills
• Strong business analysis skills, excellent verbal and written communication skills
• Proficient in advanced Excel, familiar with Oracle based application is a plus
Nice-to-haves
• 6 or more years of work experience with a Bachelors Degree or 4 or more years of relevant experience with an Advanced Degree (e.g. Masters, MBA, JD, MD) or up to 3 years of relevant experience with a PhD
• Chartered Accountant or CPA preferred but not required
• Audit or accounting experience
Apply Now
Apply Now