Director - Finance (Contract accounting Exp is a must)
- Bangalore, Karnataka
- Permanent
- Full-time
- Lead a team of over 50 team members who are fully accountable for managing and supporting assigned client incentive agreements globally
- Analyze newly executed incentive contract terms to assess Visa's contractual obligations and determine appropriate accounting treatment based on Visa policy and procedure.
- Provide guidance and support to team members, ensuring accurate and consistent process and treatment of incentive terms
- Review proforma to ensure accuracy of contract interpretation and application of Visa's accounting policy respectively
- In-depth understanding of system tools and operational processes to provide hands-on support to help the local team resolve issues, questions, and remove roadblocks.
- Oversee contra revenue accounting entries, balance sheet account reconciliations, financial performance insights, and internal and external reporting.
- Problem solving and analytical skills to provide CIO subject matter expertise, including the accounting and incentive system setup of cash, value-in-kind and cost certainty client incentive clauses, in accordance with the global processes
- Effectively manage new business initiatives with Finance and non-Finance stakeholders.
- Drive simplification, standardization, automation and continuous enhancement of processes and controls to ensure efficient financial reporting and operational processes. This includes collaborating with relevant stakeholders and regional colleagues to drive a successful end-to-end global approach.
- Lead pivotal projects and global initiatives.
- Influence business decisions with effective verbal and written communication, data-driven analysis, and the presentation of alternatives. Partner with stakeholders to standardize and simplify client agreements.
- Provide mentorship and guidance to support team members' career development. Encourage a culture of continuous learning and knowledge sharing.
- Ensure CIO's compliance with Internal/SOX/Stat Audits as well as regulatory reporting.
- Partnership with regional CIO teams to ensure performance metrics are met and business updates are effectively communicated to the local team
- Overall ownership of the deliverables by the Shared Service CIO team
Extensive experience of progressive financial control experience in a fast-paced environment
Experience in managing large teams, proven track record of owning and driving results individually and through a team in a high change and ambiguous operating environment.
Demonstrated experience building high performing teams through the identification and development of talent.
Strategic and forward-looking thinking with a tendency for looking at issues in a holistic manner.
Track record in driving simplification, standardization and continuous improvement of existing processes.
Demonstrable experience in working with upstream stakeholders in a complex organisation to achieve successful end-to-end approach to reporting.
Sound business judgment, proven ability to influence others, including the ability to persuade with data.
Strong understanding of accounting standards including IFRS 15, US GAAP, and experienced in researching and challenging technical matters.
Exceptional verbal and written communication skillsAdditional InformationVisa 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.