Manager, Client Incentive Operations

  • Full-time
  • Job Family Group: Finance

Company Description

Common Purpose, Uncommon Opportunity. Everyone at Visa works with one goal in mind – making sure that Visa is the best way to pay and be paid, for everyone everywhere. This is our global vision and the common purpose that unites the entire Visa team. As a global payments technology company, tech is at the heart of what we do: Our VisaNet network processes over 13,000 transactions per second for people and businesses around the world, enabling them to use digital currency instead of cash and checks. We are also global advocates for financial inclusion, working with partners around the world to help those who lack access to financial services join the global economy. Visa’s sponsorships, including the Olympics and FIFA™ World Cup, celebrate teamwork, diversity, and excellence throughout the world. If you have a passion to make a difference in the lives of people around the world, Visa offers an uncommon opportunity to build a strong, thriving career. Visa is fueled by our team of talented employees who continuously raise the bar on delivering the convenience and security of digital currency to people all over the world. Join our team and find out how Visa is everywhere you want to be.

Job Description

The Client Incentive Operations team are responsible for managing Client Incentive Issuing and Merchant agreements.  We determine the accounting treatment of each incentive deal is to ensure compliance with contractual terms and conformity with US GAAP.  This is an individual contributor role, responsible for managing the overall project related to the adoption of the new revenue recognition standards

Job Responsibilities:

  • Fully understand the current and new revenue accounting standards, and translate what’s required for adoption
  • Lead the assessment of impact to retained earnings from adopting the new revenue accounting standards
  • Translate project objectives into tasks, and work with stakeholders to determine deadlines.  Update project plan and follow-up with the process owners as necessary. Raise issues/concerns timely
  • Update documentation(s)/guidelines related to the new standards and the process
  • Act as Visa's subject matter expert and provide guidance to other project team members as needed.  Involve Accounting Policy team as needed
  • Provide training of the process to: scope for the impacted contracts, determine the impacted amounts from various revenue categories, consolidate the total impact and amortize, and determine the yearly impact to retained earnings. 
  • Work very closely with other areas globally such as Revenue Operations, Operating Certificate, Accounting Policy, SOX, and Tax to address any questions, and to ensure all deliverables are completed timely and accurately
  • Consolidate the impact quantified by each team for the top 25 clients and calculate impact to retained earnings by Fiscal Year
  • Perform overall review of the consolidation to ensure completeness and accuracy.  This includes reviewing incentive and revenue models against the terms of the contract, and determine the impact when the new revenue standards are adopted
  • Provide timely consolidated reporting to the Accounting Policy team and senior management
  • As we implement a new system, a candidate is expected to work with system project leads, Financial System Strategy or IT teams to ensure requirements related to the new accounting standards are incorporated
  • Upon adoption, work with stakeholders to determine and process any adjustments to the GL
  • Lead conversion of existing contracts managed in Excel to a new system
  • Assist in defining the future process post-adoption of new revenue standards

Secondary Job Responsibilities:

  • The candidate will interact with various levels of management from different areas across the organization. Strong leadership and interpersonal skills are required
  • Serve as a liaison between stakeholders

Qualifications

  • B.S. degree in business/accounting required with 7-9 years’ experience in audit, finance, accounting or statistical reporting
  • CPA preferred
  • Must demonstrate strong leadership and communication skills
  • Strong analytical and modeling skills
  • Team player with the ability to establish strong relationships with business partners
  • Must be self-motivated and comfortable working in a fast-paced dynamic environment
  • Attention to detail and diligence in driving results
  • Proficient with advanced Excel skills

Additional Information

All your information will be kept confidential according to EEO guidelines.

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