Finance Analyst

Visa; Bengaluru; On-site; INR 700,000 - 1,300,000; Full time

Job summary

Visa in Bengaluru is seeking a Client Incentive Operations professional to manage incentive contracts across regions, ensure compliance with contractual terms and determine appropriate accounting treatment under Visa policy and US GAAP. The role involves liaising with Sales, Legal and clients to fulfill obligations and update amortization schedules.

You will set up contracts in ORMB, track payments, review performance, coordinate with the global team, and support ad-hoc analyses.

Qualifications

• 2+ years of work experience with a Bachelor's Degree or an Advanced Degree.

Responsibilities

• Manage Incentive contracts for all regions.
• Analyze newly executed incentive contract terms to assess Visa contractual obligations and determine appropriate accounting treatment.
• Setup incentive contracts in Oracle Revenue Management and Billing (ORMB) per contract terms, ensuring key obligations are addressed.
• Manage, track, and process contractual payments per terms of contracts for all regions.

Education

Bachelor's Degree or Advanced Degree

Tools

Oracle Revenue Management and Billing (ORMB)

Job description

About Us

Visa is a world leader in payments technology, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories, dedicated to uplifting everyone, everywhere by being the best way to pay and be paid.

About Us

Visa is a world leader in payments technology, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories, dedicated to uplifting everyone, everywhere by being the best way to pay and be paid.

At Visa, you'll have the opportunity to create impact at scale - tackling meaningful challenges, growing your skills and seeing your contributions impact lives around the world.

Join Visa and do work that matters - to you, to your community, and to the world. Progress starts with you.

Job Description

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 the operations of client incentive teams from all regions worldwide.

Essential Functions

• Manage Incentive contracts for all regions
• Analyze newly executed incentive contract terms to assess Visa 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 accounting policy respectively
• 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
• Liaise with Sales, Legal and clients to determine the fulfillment of contractual obligations.
• Review on-going contract performance and update future performance /amortization schedules, as needed
• Responsible for inquiries and issue resolution related to the assigned contracts
• Coordinate with the bigger Client Incentive Operations team, understand the various deals across regions and ensure a consistent business process applied globally for a similar contract structure
• Support ad-hoc analysis or project as needed
• Regular working hours preferred to be 2pm to 11pm May require flexible schedule outside of the regular working hours to support the global operation
• Ensure key production metrics for the month are met

Visa requires at least 3 days in office, expectations of these days will be confirmed by your Hiring Manager.

Basic Qualifications

• 2 or more years of work experience with a Bachelor's Degree or an Advanced Degree (e.g. Masters, MBA, JD, MD, or PhD)

Preferred Qualifications

• 3 or more years of work experience with a Bachelor's Degree or more than 2 years of work experience with an Advanced Degree (e.g. Masters, MBA, JD, MD)
• 3 - 5 years of relevant working experience

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.