Manager - Europe Controllers Group
- London, United Kingdom
Who is Mastercard?
We are the global technology company behind the world's fastest payments processing network. We are a vehicle for commerce, a connection to financial systems for the previously excluded, a technology innovation lab, and the home of Priceless ®. We ensure every employee has the opportunity to be a part of something bigger and to change lives. We believe as our company grows, so should you. We believe in connecting everyone to endless, priceless possibilities.
Manager - Europe Controllers Group
•The jobholder will be part of the UK Controller's group within MasterCard Europe's Finance division. The role will mainly be responsible for Rebates & Incentives, Pricing & Billing Operations for the UKINB (UK, Ireland, Nordics and Baltics) division within Europe. This position will report to the Director, UK Controller. This position is based in London.
•The role oversees the timely and correct accounting treatment of all customer business agreements in terms of revenue recognition and contra-revenue (rebates and incentives) in partnership with the GBSC (Shared Services center in St. Louis), ensuring compliance with current applicable Mastercard policies and internal controls as well as US GAAP.
•The jobholder will be involved in implementation of new pricing in the Billing System and will be considered a subject matter specialist on all matters related to billing and pricing for the UKINB division.
•The role will partner with the business in the drafting of customer business agreements and play an advisory role to the account teams.
•The jobholder will be a key contributor to both the financial and commercial process and will work closely together with different departments within the organization (FP&A, Business Development Finance, Legal, GBSC, Account Managers & Regional Finance).
•The jobholder will review R&I reporting to different stakeholders within the organization (mainly Corporate Controllers Group in NY on a quarterly basis) on an as needed basis.
•Responsible for overseeing the quality of the full accounting process for rebates and incentives (R&I or contra-revenue) ensuring timely and accurate accounting treatment for the countries under scope. (Note the operational accounting process is carried out by the GBSC.)
•Provide complex accounting advice and guidance: discuss, challenge and validate various accounting treatments, and communicate them effectively to ensure proper understanding and application by Regional Finance teams and other regional stakeholders.
•Participate in the contract drafting process as a reviewer to ensure that contract verbiage in customer business agreements enables proper accounting treatment in line with the applicable Mastercard policies and US GAAP as well as provides clear interpretation of the financial clauses in the contract.
•Perform various oversight controls for the R&I accounting processs including review of monthly P&L trends, quarterly reporting deliverables for Corporate and deal performance monitoring in the region. Ensure internal and external audit compliance as well as ensure SOX compliance and process documentation for all key control activities.
•Perform regional billing and pricing operations activities including:
oReview of pricing proposals to ensure accuracy and completeness
oTaking part in pricing implementations in Mastercard systems
oTraining for customers on our core pricing and supporting pricing discussions with customers
oParticipating on cross-functional teams for any European billing related projects
oLiaising with GBSC Billing Services to automate manual billing processes
•Provide ad hoc reporting and drive efficiency improvements to existing processes.
All About You
•University degree in Accounting, Finance or related field
•Minimum 7 years of experience in Finance/Controlling/Audit
•Accountancy certification preferred (CPA, Chartered Accountant)
•US GAAP experience preferred, IFRS also helpful
•Technical Accounting experience, ability to evaluate revenue contracts from a technical accounting perspective.
•Ability to work through ambiguous concepts and issues to bring clarity to the stakeholders.
•Excellent communication and organizational skills, high sense of initiative and urgency
•Enjoy learning and mastering the intricate details of new systems (i.e. Mastercard Billing System and Contra-revenue system)
Mastercard is an inclusive Equal Employment Opportunity employer that considers applicants without regard to gender, gender identity, sexual orientation, race, ethnicity, disabled or veteran status, or any other characteristic protected by law.
If you require accommodations or assistance to complete the online application process, please contact firstname.lastname@example.org and identify the type of accommodation or assistance you are requesting. Do not include any medical or health information in this email. The Reasonable Accommodations team will respond to your email promptly.
See Inside the Office of Mastercard
Mastercard operates one of the world’s fastest payment processing networks, connecting consumers, financial institutions, merchants, governments, and businesses in hundreds of countries around the world. The company’s products and solutions aim to make everyday activities such as shopping, traveling, running a business, and managing finances easy, secure, and efficient for everyone.
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