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F&A Finance Officer (Grade 08)

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Explore your next opportunity at a Fortune Global 500 organization. Envision innovative possibilities, experience our rewarding culture, and work with talented teams that help you become better every day. We know what it takes to lead UPS into tomorrow—people with a unique combination of skill + passion. If you have the qualities and drive to lead yourself or teams, there are roles ready to cultivate your skills and take you to the next level.

Job Description:

Job Summary

The Incentive Coordinator is responsible for making payments for all contractual deferred incentives, along with calculating and refunding any amounts owed for incentive issues via the Incentive Rebate Resolution process. The Incentive Administrative Assistant must be highly proficient in using MS Access and Excel. Additionally, he/she communicates information and clarification to site management, upper management, Pricing, F&A, Business Development, and occasionally customers.

Job Duties

Processing Contractual Payments

  • Calculates and processes deferred incentive payments within the parameters of the contract on file.
  • Calculates and processes claims payments within the parameters of the contract on file.
  • Calculates and processes Guaranteed Service Refunds (GSR) performance rebates within the parameters of the contract on file.
  • Monitors assigned contracts to ensure payments are processed within the contractual payment terms.

Processing Incentive Rebates

  • Identifies specific issue with weekly and deferred incentives.
  • Works with internal and external customers to ensure incentive issue is resolved.
  • Calculates and processes incentive rebates to remedy the impact of the identified incentive issue.
  • Explains in detail the calculation methodology to the sales force so they can present to the customer.

Accruals/Reversals

  • Calculates estimated future deferred incentive obligations based on current volume/revenue data Enters. accrual amounts in Incentive Administrator.
  • Monitors and maintains timing of accrual reversals to coincide with payments.
  • Explains significant variances in accruals and payments.

Job Specific Responsibilities

  • Controls and assigns incoming incentive contracts.
  • Creates various journals for the General Ledger.
  • Manages vendor number requests.
  • Calculates various special projects.
  • Imports and balances TSOA accrual information.

Pre-requisites

  • Bachelor’s Degree – Finance & Accounting (preferred).
  • Eye for detail and should meet stiff deadlines.
  • Have an excellent attendance track record.
  • Self-Driven.
  • Influence and Persuasion.
  • Strong Customer Orientation, understanding customer services issues.

Additional Notes:

  • Once the employee is selected for the position, he/she cannot cancel the job transfer.
  • If the employee who has been selected has any pre-approved leaves for the later months, then it must be approved again by the new team Supervisor/Manage.


Employee Type:
 

Permanent


UPS is committed to providing a workplace free of discrimination, harassment, and retaliation.

Average salary estimate

$70000 / YEARLY (est.)
min
max
$60000K
$80000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About F&A Finance Officer (Grade 08), hcmportal

Join UPS as an F&A Finance Officer and become a vital part of our Global Business Services team in Pune! In this exciting position, you’ll play a significant role in managing payments for contractual deferred incentives, ensuring accuracy in calculations and timeliness in processing. Not only will you be using your expertise in MS Access and Excel, but you’ll also be interacting with various teams and stakeholders. You will be responsible for identifying issues with incentives, communicating clarifications, and managing claims payments within contract parameters. Your eye for detail will be crucial as you monitor contracts to ensure compliance with payment terms and resolve incentive issues efficiently. By analyzing data and creating journals for our General Ledger, you’ll help maintain financial integrity while contributing to vendor management and special projects. If you have a Bachelor’s degree in Finance and Accounting (preferably), along with a strong customer orientation and self-driven attitude, this might be the next big step in your career! Join us at UPS and embrace the opportunity to enhance your skills within a culture that values innovation and teamwork!

Frequently Asked Questions (FAQs) for F&A Finance Officer (Grade 08) Role at hcmportal
What are the responsibilities of an F&A Finance Officer at UPS?

As an F&A Finance Officer at UPS, your responsibilities will include processing contractual payments for deferred incentives, calculating claims payments, and managing Guaranteed Service Refunds. You will also monitor contracts to ensure payments align with contractual terms, identify and resolve issues related to incentive rebates, and create journals for the General Ledger. Your role is crucial for maintaining accurate financial records and ensuring compliance with company policies.

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What qualifications are needed for the F&A Finance Officer position at UPS?

To qualify for the F&A Finance Officer position at UPS, a Bachelor’s degree in Finance and Accounting is preferred. Candidates should also possess strong analytical skills, attention to detail, and the ability to meet strict deadlines. Proficiency in MS Access and Excel is essential, and experience in customer service and effective communication will be beneficial in this role.

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How does the F&A Finance Officer at UPS handle incentive rebate issues?

The F&A Finance Officer at UPS addresses incentive rebate issues by identifying specific problems with weekly and deferred incentives. They analyze the data, communicate with both internal teams and external customers, and process necessary adjustments to resolve these issues. Additionally, they explain the calculation methodology to the sales teams, ensuring that customers are informed and satisfied.

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What skills are important for success as an F&A Finance Officer at UPS?

Success as an F&A Finance Officer at UPS requires strong analytical skills, attention to detail, and effective time management. Proficiency in MS Access and Excel is crucial for processing financial data accurately. Additionally, candidates should have excellent communication abilities to explain complex financial concepts to various stakeholders, as well as a customer-focused mindset to tackle service issues proactively.

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Can you describe the work culture for an F&A Finance Officer at UPS?

The work culture for an F&A Finance Officer at UPS is one that values innovation, teamwork, and continuous growth. Employees are encouraged to take initiative and lead projects while collaborating with talented colleagues. UPS fosters a supportive environment that helps employees build their skills every day. This inclusive culture promotes productivity and dedication, making it a great place to further your career.

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Common Interview Questions for F&A Finance Officer (Grade 08)
What processes do you follow to ensure accuracy in financial reporting?

When asked about accuracy in financial reporting during an interview for the F&A Finance Officer position at UPS, highlight your methods for double-checking calculations, cross-referencing data sources, and adhering to compliance protocols. Discuss any specific techniques or tools you use to maintain accuracy, and how you stay organized to meet deadlines.

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How do you manage tight deadlines while maintaining the quality of your work?

In response to this common interview question, share specific strategies you use to manage deadlines, such as prioritizing tasks, creating detailed timelines, and employing project management tools. Highlight your proactive communication style with colleagues to ensure alignment and support while maintaining a focus on delivering high-quality results under pressure.

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Explain a complex financial analysis you handled in the past.

When discussing a previous complex financial analysis, outline the problem, the steps you took to analyze the data, and the impact of your findings on decision-making. Focus on your analytical methods, tools used (like Excel), and how your insights benefited your team or organization, relating it to potential scenarios as an F&A Finance Officer at UPS.

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How would you handle discrepancies in incentive payments?

Addressing discrepancies in incentive payments requires a thorough investigation. Discuss your process of identifying the root cause, collaborating with relevant teams to gather information, and developing solutions to rectify the issue. Emphasize your communication skills and how you ensure transparency with both internal stakeholders and customers.

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What experience do you have with MS Access and Excel in a finance role?

When discussing your experience with MS Access and Excel, emphasize specific tasks you performed, such as data entry, complex formulas, or creating databases. Provide examples of how these tools improved your workflow efficiency and contributed to accurate financial reporting, showcasing your suitability for the F&A Finance Officer role at UPS.

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Describe a time when you had to explain financial concepts to a non-financial audience.

In response to this question, highlight a specific instance where you effectively simplified complex financial terms for a non-financial audience. Discuss your strategies for clear communication and providing context, as these skills are essential for an F&A Finance Officer who's often required to liaise with other departments at UPS.

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How do you stay updated with changes in financial regulations?

When asked about keeping up with financial regulations, discuss your commitment to continuous learning through resources like industry journals, professional networks, and any certifications relevant to finance. Mention any specific examples of how you successfully implemented new regulations in your previous roles, demonstrating proactive engagement.

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What is your approach to teamwork in achieving financial goals?

Discuss your collaborative approach to teamwork by sharing examples of past projects where you worked with cross-functional teams to achieve financial targets. Emphasize your role as a contributor and a communicator, highlighting how you motivate team members and resolve conflicts while maintaining a focus on shared goals, particularly relevant to the F&A Finance Officer role at UPS.

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How do you prioritize tasks when managing multiple contracts?

For prioritizing tasks related to multiple contracts, describe your systematic approach, including assessing deadlines, contract importance, and potential impact on the business. You can share a framework you use for organization and how it supports your efficiency and helps you track progress, which is important for an F&A Finance Officer at UPS.

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Why do you want to work as an F&A Finance Officer at UPS?

In answering why you want to work at UPS, reflect on the company's reputation, values, and your alignment with its culture. Discuss your enthusiasm for the F&A Finance Officer role, the opportunity to contribute to the team, and the potential for professional growth in a Fortune Global 500 organization, highlighting what excites you about the company's mission.

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EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
April 10, 2025

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