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Senior Accountant – Rebates & Incentives in Pune, India – Drive accurate accounting for rebates, incentives and cash flows.
Join Mastercard’s global payments team, contributing to operational excellence and compliant financial reporting.
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-1Job 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.