Senior Accountant

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

Senior Accountant – Services – Deal Desk Controllership

Overview

The Senior Accountant (Services – Deal Desk Controllership) requires the individual to perform procedures critical to ensuring the integrity of financial reporting for the D&S business unit in close partnership with the Global Business Shared-service Center (GBSC) organization and Global and Regional D&S finance teams. The Senior Accountant will report to the Director, Accounting (Services – Deal Desk Controllership) , based in Bogota, Colombia, to provide advisory support to the business teams across several areas of focus, including revenue recognition & accounting policies, contract structures and terms, as well as expense recognition guidance to ensure that strong controls are in place and are functioning as expected. D&S business unit includes multiple lines of business such as Loyalty, Marketing Services, Consulting Services, and Insights & Analytics Location, Platforms.

Role

The Senior Accountant (Services – Deal Desk Controllership), will support Mastercard’s Data & Services business unit by reviewing D&S Revenue contracts (SOWs) and partnering with other cross-functional Data & Services teams (Global Business Service Center (GBSC), D&S Finance, MCBS, Deal Desk Team, Advisors Business Development, Insights & Enablement’s Deal Desk to ensure proper accounting considerations and requirements are adhered to.

• Primary Finance reviewer and approver of Salesforce Projects submitted by the Data & Services sales organization, while maintaining agreed upon SLA turnaround times
• Primary Finance reviewer and approver of Salesforce/PSA Projects for executed customer contracts to begin delivery and recognition
• Review of the Price Service Quote (PSQ) for each product being sold to ensure accurately reflects the contract and project window to show accurate margins in SFDC
• Assign the proper GAAP revenue recognition method (RRM) to each project based on the customer contract and best judgement of reviewer
• Communicate and collaborate with Sales (SBLs) and Delivery (PMs) teams to resolve any issues identified in Project reviews
• Validate draft customer contracts are accurate and contain key critical terms for revenue recognition, approved payment terms, and assessments for appropriate accounting treatment (Principal vs. Agent, point-in-time or over-time revenue recognition, etc.)
• Validate that all critical inputs/fields within Salesforce match the draft contract so revenue is recorded correctly to the ledger
• Participate in and help review monthly review meetings to verify supporting of milestone-based revenue recognition, fulfillment costs for POC projects performed along with the GBSC to analyze changes in project margins and any other unexpected variances in cost.
• Supports a strong control environment by establishing, monitoring, and enforcing operational and SOX controls based on corporate guidelines and general governance standards. Identify areas where controls can be strengthened.
• Assists with the implementation of Salesforce process improvements to ensure proper controls to reduce approval cycle.
• Assist with project specific Data & Services Controllership analysis and reporting
  
  
  

• Knowledge of US GAAP accounting concepts, particularly ASC 606 Revenue from Contracts with Customers and expense recognition principles.
• Advance MS Excel and financial/ERP systems, preferably direct experience with Oracle and SalesForce.com application.
• 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 to changes and evolution of the business.
• 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
  
  
  

• Big4 experience a plus
  
  
  

• 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.