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Finance Sr. Coordinator

Company Description

Visa is a world leader in payments and technology, with over 259 billion payments transactions flowing safely between consumers, merchants, financial institutions, and government entities in more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive while driven by a common purpose – to uplift everyone, everywhere by being the best way to pay and be paid.

Make an impact with a purpose-driven industry leader. Join us today and experience Life at Visa.

Job Description

Responsibilities of Finance / Operations Manager VC Money Move

General Responsibilities:

  • Assist in the preparation of financial statement under local standards including the review of journal entries, accruals, prepaids and deferrals for VC Money Move and other South Cone entities
  • Perform balance sheet reconciliations on monthly and quarterly basis for VC Money Move and other South Cone entities
  • Assist in the preparation of regional quarterly tax provision packages
  • Create, maintain and generate financial reports in support of Accounting and Operation Support teams
  • Coordinate monthly intercompany settlement cash requests of South Cone entities
  • Assist with tax compliance deliverables and ensure tax compliance obligations are properly and timely reported in South Cone entities
  • Participation in Quarterly Internal Audits of VC Money Move and the rest of the Chilean entities. Support external audits in Chile and Argentina
  • Responsible of the review and reconciliation of the monthly billing of South Cone region clients, support billing questions/request from South Cone clients
  • Support of collection and application of payments from South Cone region clients
  • Perform the analysis of VC Money Move and other South Cone entities monthly expenses
  • Responsible for overseeing the successful completion of the settlement process for domestic transactions in Chile and the Visa team that provides support for its execution. Supervise the daily compliance with the ordinary settlement schedules of domestic transactions in Chile.
  • Responsible for communicating with participants related to their required settlement obligations.
  • Responsible for executing action plans and informing the General Manager about the extraordinary settlement process of domestic transactions in Chile.
  • Responsible for overseeing communication with the Payment Agent in case of contingencies affecting the operation of the Visa Clearinghouse.
  • Responsible for reporting settlement incidents to the General Manager, Compliance Officer, and Risk Officer of the Visa Clearinghouse.

Specific Responsibilities:

  • Monitor the monthly shareholder’s equity balances of VC Money Move
  • Monitor the evolution of payments from South Cone region clients
  • Review and submit financial statements as requested by regulators on a timely basis to ensure compliance
  • Contact to clients to complete the onboarding of VC Money Move
    • Sign contracts whenever required
    • Request and verify the client's account opening with the Payment Agent whenever required
  • Inform clients of the financial safeguards they must have daily
  • Monitor daily that the ordinary settlement process is carried out correctly

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 2-3 set days a week (determined by leadership/site), with a general guidepost of being in the office 50% or more of the time based on business needs.

 

Qualifications

Professional:
• Degree in Accounting or Finance or equivalent
• CPA equivalent and/or MBA/Graduate studies
• Minimum 5 years relevant accounting/finance experience in a multi-national publicly traded
company
• Strong understanding of accounting controls and tax issues as applicable to local standards as well
as under US GAAP.
• Experience in a Big 4 public accounting firm is preferred.

Technical:
• Knowledge of US GAAP/IFRS and local accounting and regulatory standards
• Strong customer service and communication skills
• Must project credibility and integrity.
• Good business judgment.
• Works well under pressure.
• People-oriented/team player.
• Takes initiative, self-motivator.
• Ability to work well under pressure.

Business
• Good business English, both oral and written
• Good communication, interpersonal and influencing skills and ability to work effectively in a matrix
management structure in a complex and diverse, international and multi-cultural environment.

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.

What You Should Know About Finance Sr. Coordinator, Visa

At Visa, we're on the lookout for a talented Finance Sr. Coordinator to join our dynamic team in Santiago, Chile. In this pivotal role, you'll dive into the financial operations of VC Money Move and other South Cone entities, where your expertise will shine as you prepare and review financial statements under local standards. You’ll be pivotal in performing monthly balance sheet reconciliations and coordinating with internal operations to ensure everything runs smoothly. Additionally, your keen analytical skills will help in preparing regional quarterly tax provision packages and maintaining financial reports to support our Accounting and Operations teams. You’ll also manage intercompany cash settlement requests and ensure tax compliance obligations are met promptly. As a part of our vibrant team, you’ll participate in internal and external audits while overseeing billing and payment collections from clients across the South Cone region. With a focus on domestic transactions in Chile, you will play a crucial role in the settlement process, ensuring compliance and communication with all participants. This is a hybrid position, so you’ll enjoy a mix of remote and in-office work. If you're passionate about making an impact in a purpose-driven company and you thrive in a fast-paced environment, join us at Visa, where you'll help transform the way the world pays and gets paid.

Frequently Asked Questions (FAQs) for Finance Sr. Coordinator Role at Visa
What are the main responsibilities of a Finance Sr. Coordinator at Visa?

The Finance Sr. Coordinator at Visa takes on a variety of critical responsibilities which include preparing financial statements under local standards, performing balance sheet reconciliations, preparing quarterly tax provision packages, and managing monthly intercompany cash settlement requests. Additionally, this role involves assisting with tax compliance and participating in audits, making it essential for maintaining the integrity of financial operations.

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What qualifications are required for the Finance Sr. Coordinator position at Visa?

To excel as a Finance Sr. Coordinator at Visa, candidates should hold a degree in Accounting or Finance, with CPA equivalent or an MBA preferred. Having a minimum of 5 years of relevant experience in a multinational publicly traded company is essential, along with a strong understanding of accounting controls and tax issues. Familiarity with US GAAP/IFRS standards also plays a crucial role in meeting the demands of this position.

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How does the hybrid work model benefit Finance Sr. Coordinators at Visa?

The hybrid work model at Visa allows Finance Sr. Coordinators to blend remote and in-office work, providing flexibility to enhance productivity. This arrangement means working in the office 2-3 days a week, based on business needs, allowing for collaboration with team members while also enjoying the comforts of remote work.

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What skills are essential for a Finance Sr. Coordinator at Visa?

Success in the Finance Sr. Coordinator role at Visa requires strong analytical skills, effective communication abilities, and a collaborative mindset. Additionally, candidates should have good business judgment, the capability to work under pressure, and a commitment to providing excellent customer service to support the diverse needs of the organization.

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What does the career path look like for a Finance Sr. Coordinator at Visa?

A Finance Sr. Coordinator at Visa can expect an exciting career trajectory that opens doors to advanced roles in finance and operations. With ample opportunities for professional development and learning in a globally renowned company, you can potentially move into senior management or specialized financial roles, leveraging your experience and skills gained in this position.

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Common Interview Questions for Finance Sr. Coordinator
Can you explain your experience in preparing financial statements?

When addressing this question, focus on specific experiences where you prepared financial statements in your previous roles. Highlight any particular methodologies you've used and discuss your understanding of local standards and GAAP, citing examples of how your contributions improved the financial reporting process.

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How do you handle tight deadlines in financial reporting?

In responding to this question, share your strategies for prioritization and time management. Emphasize the importance of planning ahead, collaborating with team members, and any tools or techniques you employ to ensure timely delivery without compromising accuracy.

Join Rise to see the full answer
Describe your experience with tax compliance.

For this question, detail your familiarity with local taxation processes and compliance requirements. Provide examples of how you've ensured that all tax obligations were met in previous roles and highlight any relevant software or systems you used to facilitate compliance.

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What role do you play in audits?

When discussing audits, outline your participation in internal and external audits, including the steps you've taken to prepare and respond to audit requests. Highlight your ability to work closely with auditors and ensure compliance with regulations.

Join Rise to see the full answer
How do you communicate complex financial information to non-financial stakeholders?

Here, it's best to explain your approach to simplifying complex concepts. Discuss using visuals or straightforward language and exemplify a situation where your communication led to better understanding or decision-making by stakeholders.

Join Rise to see the full answer
What is your approach to managing intercompany cash settlements?

For this question, illustrate your understanding of intercompany settlement processes, detailing your experience in monitoring cash flows, ensuring accuracy in requests, and any challenges you overcame in the past while maintaining compliance across entities.

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Can you discuss an initiative you led to improve financial operations?

When answering, share a specific initiative where you identified a gap or an inefficiency and implemented changes. Discuss the impact your initiative had on the organization and the skills you used to gain buy-in from stakeholders.

Join Rise to see the full answer
How do you stay updated with changes in financial regulations?

Discuss your proactive strategies for staying informed, such as attending workshops, joining professional networks, or subscribing to financial news. Mentioning specific resources can showcase your commitment to ongoing professional development.

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What financial software are you proficient in?

Mention the financial software you are familiar with, including specific programs that are relevant to visa and your experiences in utilizing them for reporting, analysis, or compliance. Highlight any certifications you may have, which can further illustrate your proficiency.

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Describe a time you had to resolve a conflict within your team.

Provide an example of a conflict and how you handled it constructively. Focus on your communication skills, ability to listen to others, and how the outcome led to improved teamwork and project success.

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Visa Inc. operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entiti...

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Full-time, hybrid
DATE POSTED
December 7, 2024

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