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Financial Analyst

2 months ago

Bangalore, India Visa Full time
Job Description

Global Controllership is responsible for establishing Visa s global accounting policies, providing technical accounting guidance to the business, processing accounting transactions globally and consolidating all Visa entities financial results. The team is responsible for the accuracy and timeliness of the Visa Inc. financial statements under U.S. GAAP (Generally Accepted Accounting Principles), and local statutory financial statements under IFRS (International Financial Reporting Standards)
 

What a Finance Analyst does at Visa:

  • Perform invoices, payments, and other payable activities within defined SLA for a portfolio of geographic countries and ensure high quality accuracy, timeliness, efficiency, and compliance to US GAAP, SEC and SOX requirements
  • Maintain the accuracy of historical data and records
  • Provide support in audit and tax matters
  • Ensure Withholding Tax (WHT), Goods and Services Tax (GST), Value Added Tax (VAT) and Tax Deducted at Source (TDS) are correctly accounted for, and send monthly tax report to Outsource Service Providers for Tax Return Preparation
  • Liaise with Outsource Service Providers and Tax department on treatment of withholding taxes.
  • Coordinate with the Treasury department to adequately fund corporate bank accounts
  • Perform quarterly account reconciliations to ensure accurate reporting with no aged unreconciled accounts
  • Provide aged analysis on payable control account
  • Support business units conduct of business transactions to ensure compliance with applicable accounting standards, laws, policies, and procedures.
  • Deliver strong customer service and support, demonstrate initiative in providing resolution to remediate the invoice and payment issues, and implement effective accounts payable controls to avoid re-occurrence.
  • Work closely with the business, FP&A, Operations Support, Sourcing, and other stakeholders to influence and drive issue resolution and initiate changes to enhance internal control and efficiency
  • Prioritize tasks within job function balancing the need to meet tight deadlines and other corporate demands.
  • Deliver continuous improvement of the payables processes
     

Why this is important to Visa

The Financial Analyst will be a key member for the Accounts Payable (AP) processes in the Bangalore Hub Shared Service Center, ensuring accurate and timely processing of invoices, payments, and other payable activities for a portfolio of countries in the Asia Pacific region, and in compliance with US GAAP, local statutory laws and accounting standards, corporate policies/procedures, and key controls. Constantly challenge status quo and be a change agent with the objective of driving for efficiencies but not compromising on controls. This role will report to the Accounts Payable Senior Manager. The role will be open in Bangalore, India.

This is a hybrid position. Hybrid employees can alternate time between both remote and office. Employees in hybrid roles are expected to work from the office two days a week, Tuesdays and Wednesdays with a general guidepost of being in the office 50% of the time based on business needs.


Qualifications

Degree in Accounting or equivalent
• Minimum 6 years relevant accounting experience
• Familiar with US GAAP/IFRS and SEC requirements
• Knowledge of regional bank standards, cross border payments and other multi-currency requirement.
• Effective written and verbal communication skills. Ability to effectively interact, verbally and in writing, with stakeholders
• Teamwork capabilities, interpersonal aptitude, adaptability, critical thinking, and work ethics



Additional Information

Visa is an EEO Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status. Visa will also consider for employment qualified applicants with criminal histories in a manner consistent with EEOC guidelines and applicable local law.