Manager, Divisional Controller

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

Manager, Divisional Controller

Geographical Coverage: West & East Arabia

Reports to: [Financial controller, EEMEA]

Objective

Oversees the legal entities and rebates and incentives for West and East Arabia divisions with a specific focus on accounting, tax compliance, financial reporting, corporate reporting and external statutory audits. Ensure accounting and controls are in accordance with SEC & local reporting standards and Sarbanes Oxley Act.

Key Relationships:

• Region: Divisional Presidents; Market Development Group Executive; Country Managers and Finance Leads; Sales force/teams and Customer Delivery management

• Global: International Markets - Finance and Planning; Corporate Finance - Controllers Group, Internal Audit; Financial Systems, Treasury, Tax, CPFA; Products & Services - Distributed Resources and GP&S finance lead; Global Accounts Finance and Planning; Law and Franchise Integrity

• External: External Auditors, Outsourced Service Providers (D&T)

Key Accountabilities
• Ensure that the legal entities (operating units) within EEMEA are controlled in accordance with SEC and local reporting standards as well as the Sarbanes Oxley Act. The role will have a specific focus on local statutory financial reporting, management reporting, a degree of budgeting and forecasting and generation of metrics to guide strategic decision making.
• Play an integral role in the external audit of each of the EEMEA legal entities to ensure that the financial statements of each of these are accurate and free of material misstatement; and that the external audit reports are unqualified. Manage audits in partnership with PWC.
• Be a leader in control aspects, in reviewing and implementing processes that lead to a secure control environment.
• Ensure that the accounting in each of the EEMEA legal entities is accurately performed in line with US GAAP as well as IFRS or local accounting standards for external reporting.
• Review deal tracking files prepared by the GBSC Pune team.
• Ensure the month close and quarter close of rebates and incentive activities.
• Collaborated with GBSC to advise on technical accounting for contra revenue.
• Ensure that appropriate accounting processes are in place or implemented to ensure accurate accounting
• Partnering with our Global Shared Services Centre ("GBSC") to ensure complete, accurate and timely accounting records for the EEMEA region
• Ensure that legal entities in MEA are appropriately funded
• Oversee the banking administration for the region
• Support the business by providing accounting advice for new transactions and new accounting pronouncements e.g. new revenue recognition standard as well as providing advice related to internal corporate policies
• Support the Tax team within the region by ensuring that related accounting is correct, tax audits are supported and that the regions' tax submissions are in compliance with local regulations
• Support and analyze the accounting implications of setting up new offices in the MEA region in line with MasterCard processes and standards. Support the implementation of the accounting processes in each of these new offices.
• Responsible for all financial accounting of revenue operations in Division, including month end closing entries, account reconciliations, analysis and reporting
• Prepare monthly variance analysis against forecast, quarterly variance analysis against prior quarter and prior year.
• Ensure revenue waivers are properly reviewed, processed and accounted for and in a timely manner
• Liaise with Billing Services for new set-ups for pricing and waivers as well as one-off billing and refunds
• Liaise with local offices, regional headquarters and headquarters in US in relation to revenue and billing matters
• Collaborate with business owners, pricing teams, publication and manual teams in reviewing new pricing, pricing changes and new business initiatives and ensure proper documentation is done. Follow through the implementation process and perform post implementation review
• Assist ad hoc projects or analyses as required from time to time
• Participate and drive continuous business process and systems improvements

Experience/Education:

• Relevant qualification in business, accounting and/or a related discipline
• At least an intermediate proficiency in Microsoft Office Excel & Access applications
• Detail oriented and results driven with a focus on excellence;
• Candidate needs to be fully hands on, be self-driven and able to work in a dynamic and fast changing environment
• Experience working in cross functional teams;
• Knowledge of Oracle is 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.