Senior Accountant Job Listing at Mastercard in Pune, MH (Job ID R-257692)

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 Senior Accountant – Services – Deal Desk Controllership

Overview:
The Senior Accountant (Services – Deal Desk Controllership) requires the individual to perform procedures critical to ensuring the integrity of financial reporting for the D&S business unit in close partnership with the Global Business Shared-service Center (GBSC) organization and Global and Regional D&S finance teams. The Senior Accountant will report to the Director, Accounting (Services – Deal Desk Controllership) , based in Bogota, Colombia, to provide advisory support to the business teams across several areas of focus, including revenue recognition & accounting policies, contract structures and terms, as well as expense recognition guidance to ensure that strong controls are in place and are functioning as expected. D&S business unit includes multiple lines of business such as Loyalty, Marketing Services, Consulting Services, and Insights & Analytics Location, Platforms.

Role:
The Senior Accountant (Services – Deal Desk Controllership), will support Mastercard's Data & Services business unit by reviewing D&S Revenue contracts (SOWs) and partnering with other cross-functional Data & Services teams (Global Business Service Center (GBSC), D&S Finance, MCBS, Deal Desk Team, Advisors Business Development, Insights & Enablement's Deal Desk to ensure proper accounting considerations and requirements are adhered to.

• Primary Finance reviewer and approver of Salesforce Projects submitted by the Data & Services sales organization, while maintaining agreed upon SLA turnaround times
• Primary Finance reviewer and approver of Salesforce/PSA Projects for executed customer contracts to begin delivery and recognition
• Review of the Price Service Quote (PSQ) for each product being sold to ensure accurately reflects the contract and project window to show accurate margins in SFDC
• Assign the proper GAAP revenue recognition method (RRM) to each project based on the customer contract and best judgement of reviewer
• Communicate and collaborate with Sales (SBLs) and Delivery (PMs) teams to resolve any issues identified in Project reviews
• Validate draft customer contracts are accurate and contain key critical terms for revenue recognition, approved payment terms, and assessments for appropriate accounting treatment (Principal vs. Agent, point-in-time or over-time revenue recognition, etc.)
• Validate that all critical inputs/fields within Salesforce match the draft contract so revenue is recorded correctly to the ledger
• Participate in and help review monthly review meetings to verify supporting of milestone-based revenue recognition, fulfillment costs for POC projects performed along with the GBSC to analyze changes in project margins and any other unexpected variances in cost.
• Supports a strong control environment by establishing, monitoring, and enforcing operational and SOX controls based on corporate guidelines and general governance standards. Identify areas where controls can be strengthened.
• Assists with the implementation of Salesforce process improvements to ensure proper controls to reduce approval cycle.
• Assist with project specific Data & Services Controllership analysis and reporting

All About You
• Knowledge of US GAAP accounting concepts, particularly ASC 606 Revenue from Contracts with Customers and expense recognition principles.
• Advance MS Excel and financial/ERP systems, preferably direct experience with Oracle and SalesForce.com application.
• 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 to changes and evolution of the business.
• 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 - master's degree in accounting or finance (Chartered accountant / CPA Preferred)
• Big4 experience a plus

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.

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