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 Overview: 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.
Role: Senior Professional Accounting
The role entails managing regulatory compliance and regulatory reporting requirements for Europe Region.
Regulatory reporting
• Ensure accurate reporting in line with the applicable rules and regulations in Mastercard Europe region, including but not limited to Interchange Fee Regulation (Article 5 – net compensation, Article 7 – Switch/Scheme separation)
• Support any other new regulatory reporting requests including compilation of Profit & Loss Statements and Balance Sheets
Regulatory compliance
• Ensure accurate and timely review and classification of Mastercard products and fees (billing events) in line with the applicable rules and regulations in Mastercard Europe region, including but not limited to Interchange Fee Regulation Article 7.
• Develop and maintain necessary internal procedures to comply with the above mentioned regulations, including but not limited to “product catalog”, “product allocation committee” and “product revenue allocation committee”
• Ensure other key internal processes are compliant with the applicable rules and regulations in Mastercard Europe region, including but not limited access to various finance systems and databases (Oracle, Hyperion, ER, etc) Maintain internal – Switch/Scheme separation)
Ad hoc
• Support regulatory audits or requests
• Ensure adequate internal controls and governance in regulatory financial reporting
• Any other relevant projects
About You:
• Finance/Accounting/business qualification or related disciplines.
• Strong understanding of internal controls
• Big 4 experience is preferred
• Working knowledge of GAAP with legal entity and treasury accounting experience preferred.
• Proficiency with accounting and finance systems/software applications e.g. Excel and Oracle.
• Strong knowledge of Internal Control concepts.
• Driven by a continual process improvement agenda, demonstrated through challenging and improving processes.
• Detailed orientated with strong analytical and financial skills supported by excellent interpersonal and communication skills.
• Experience operating in a diverse, multi-functional finance group across time zones is a plus.
• Must be able to integrate knowledge across various disciplines and work across multi-disciplinary teams.
• Independent worker and thinker with the ability to follow up on time sensitive issues and ability to drive others.
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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