Mastercard
Senior Accountant – Rebates, Incentive-1
Pune, India · Full-time
Job summary
Review executed contracts and create customers, deals and incentives in the Mastercard Contra Revenue System (CRS) • Accomplish timely, accurate close of the CRS sub ledger and Oracle general ledger including creation and review of journal entries • Identify and prepare manual journal entries through the analysis of close results, trends and actual to budget/forecast • Prepare and review general ledger account reconciliations • Perform detailed review of rebate and incentive payment requests including contract review and validation of driver data to various internal systems • Provide overall s
Role description
Our Purpose
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re helping build a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
Title and Summary
Senior Accountant – Rebates, Incentive-1
Job Title
Senior Accountant – Rebates, Incentive
Who is Mastercard?
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments, and businesses realize their greatest potential.
Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
The Financial Services arm of Global Business Solution Center (GBSC) is tasked with the mission to add value by delivering operational excellence, enhanced customer experiences, and focused business results.
Role
Oversee assigned tasks in the accounting and revenue acceptance processes for the Contra Revenue line particularly: rebates, incentives, advisor services, waivers, and claw backs.
Responsibilities
Review executed contracts and create customers, deals and incentives in the Mastercard Contra Revenue System (CRS)
Accomplish timely, accurate close of the CRS sub ledger and Oracle general ledger including creation and review of journal entries
Identify and prepare manual journal entries through the analysis of close results, trends and actual to budget/forecast
Prepare and review general ledger account reconciliations
Perform detailed review of rebate and incentive payment requests including contract review and validation of driver data to various internal systems
Provide overall support and customer service to business partners located throughout the Mastercard Worldwide organization
Recommend, develop and implement process improvements to improve accounting operational efficiency, quality of output and optimize synergies
Monitor performance indicators to track progress against goals
Perform various ad-hoc reporting, analysis or projects, as needed
Partner with financial systems regarding CRS requirements, data, reporting, and functionality
Support SOX control compliance
Support global processes, primarily focusing on the European region which may require early start times to address customer needs real-time
Other duties as required
Lead Country call meetings with the business managers to review and adjust accruals basis deal performance
Ensure and manage a timely and accurate financial close, including creation and review of journal entries
Preparation of GL recons for Waivers, Rebates, Advisors, and variance analysis of actual v/s forecast
Preparation of various analytics, metric reports and assisting in quarterly reporting for corporate team
Assist with project specific work related to Rebates and Incentive Advisors rejections for the region
Competencies
Knowledge of US GAAP, IFRS and current accounting concepts
Advance MS Excel and financial/ERP systems, preferably direct experience with Oracle
Strong foundation and experience in accounting
Ability to produce accurate and reliable outputs/results
Strong bias on controls and ensuring that processes and procedures are followed
Results orientated with an ability to work under pressure and have a structured approach to deliverables
Focused on achieving key outputs, with a sense of urgency and in a professional manner
Able to adjust to improve/automate processes and systems – should be agile to adapt
Ability to communicate effectively with account managers and fellow colleagues at various management levels
Proactively builds relationships with business partners
Experience performing basic issue resolution, gains exposure to the resolution of complex issues
Prior experience in supporting business process transitions and process improvements projects
Capable of working within a changing environment with excellent analytical, planning and organization skills
Progressive accounting experience preferably in a large, global environment
Education/Certification
Master’s degree in Accounting or Finance with relevant work experience
CA / CPA, preferred
MBA, preferred
Corporate Security Responsibility
All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and, therefore, it is expected that every person working for, or on behalf of, Mastercard is responsible for information security and must:
- Abide by Mastercard’s security policies and practices;
- Ensure the confidentiality and integrity of the information being accessed;
- Report any suspected information security violation or breach, and
- Complete all periodic mandatory security trainings in accordance with Mastercard’s guidelines.
