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Financial Analyst - job 1 of 2

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

Review newly executed Issuer and Acquirer contracts to assess Visa's contractual pricing obligations

•    Log and maintain key contract terms in the contract database

•    Maintain all other aspects of contract review process (e.g. review license upgrade status, review of product launch status, expiring pricing/contract terms and processing/tracking GOC fee waivers etc.)

•    Prepare complex pricing adjustment calculations (both accrual and cash basis)

•    Provide guidance to the Billing team on appropriate billing system changes related to contracts

•    Support Account Executives, Pricing Strategy and the Deal team on ad-hoc data analysis and requests

•    Develop in-depth knowledge of Visa core billing and reporting systems

•    Develop new and maintain existing financial models to monitor revenue and pricing compliance on a monthly or quarterly basis

•    Perform ongoing reviews of billing systems, processes and controls through the interpretation of historical financial, operational and transactional data to mitigate the risks of potential billing errors

•    Assist with the billings of quarterly card service fees and adjustments resulted from clients’ revision on Operating Certificate or based on clients’ contractual agreements

•    Provide insight and actionable recommendations to Finance Operations to improve billing processes and data integrity

•    Maintain and update Client Fee Schedule contents. This will require an in depth understanding of pricing changes and collaboration with product owners

•    Take responsibility for identified issues including additional research, discussion with the Business, Account Executives and client, development of practical solutions, documentation and calculation of the respective fee adjustments

•    Assist with all other ad-hoc projects and analyses and reports as neededThis role reports to the Global Revenue Operations Director in the Bangalore office.

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

• A qualified CA, CMA or CPA equivalent or master’s degree in accounting/ finance with min 5 years of relevant experience
• Challenge the status quo, be curious and bold to advocate for changes that bring value and eliminate manual tasks.
• Detail-oriented with proven ability to work independently and in a team-oriented environment with minimal supervision
• Team oriented, collaborative, motivated, adaptable and flexible
• Ability to proactively recognize and resolve issues
• Knowledge of advanced Microsoft Excel modules (e.g., Power Query) and Microsoft 365 applications (e.g., Power BI, Power Automate) is a plus.

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.

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 Financial Analyst, Visa

At Visa, a world leader in payments and technology, we're on a mission to connect the globe through an innovative and secure payments network. We're excited to invite a talented Financial Analyst to join our thriving team in Bangalore, India. In this role, you'll dive into the intricacies of newly executed issuer and acquirer contracts, keeping a keen eye on Visa's contractual pricing obligations. Your analytical prowess will shine as you prepare complex pricing adjustment calculations and lend your expertise to the billing team for system enhancements. Collaboration is key here; you'll work alongside Account Executives, Pricing Strategy, and the Deal team to fulfill ad-hoc analysis requests. With a focus on continuous improvement, it's vital that you develop a deep understanding of Visa's core billing processes and maintain financial models that monitor revenue and compliance. Your insights will play a critical role in refining our billing processes, ensuring data integrity, and delivering actionable recommendations. If you're a detail-oriented professional with a strong background in finance and an eagerness to drive change, this hybrid position offers a unique opportunity to thrive within Visa's vibrant culture.

Frequently Asked Questions (FAQs) for Financial Analyst Role at Visa
What are the main responsibilities of a Financial Analyst at Visa?

As a Financial Analyst at Visa, your primary responsibilities include reviewing issuer and acquirer contracts for pricing obligations, logging key contract terms in our database, and preparing complex pricing adjustments. You'll also collaborate with various teams to support data analysis requests and help improve billing processes while maintaining accurate documentation and financial models.

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What qualifications are required for the Financial Analyst position at Visa?

To be considered for the Financial Analyst role at Visa, candidates should possess a CA, CMA, or CPA equivalent degree along with a master's degree in accounting or finance. A minimum of 5 years of relevant experience is essential, along with skills in advanced Microsoft Excel modules and a proficiency in collaborating within team-oriented environments.

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How does a Financial Analyst contribute to billing accuracy at Visa?

A Financial Analyst at Visa significantly contributes to billing accuracy by conducting ongoing reviews of billing systems and processes to interpret financial data. This helps mitigate risks of potential errors. You will also assist in billing quarterly card service fees and adjustments based on contractual agreements, ensuring clients receive accurate invoicing.

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Is there a hybrid work option for the Financial Analyst role at Visa?

Yes, the Financial Analyst position at Visa is a hybrid role, allowing employees to split their time between remote work and the office. Staff are expected to work in the office 2-3 set days a week, ensuring a balance between collaboration and flexibility based on business needs.

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What skills are emphasized for a Financial Analyst at Visa?

Key skills emphasized for a Financial Analyst at Visa include being detail-oriented, having a proactive mindset to identify and resolve issues, and strong collaboration abilities. Familiarity with advanced Microsoft tools like Power BI and Power Automate is an added advantage.

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Common Interview Questions for Financial Analyst
Can you explain your experience with financial modeling as a Financial Analyst?

In response to this question, outline your background in developing and maintaining financial models. Provide an example of how your modeling skills have contributed to decision-making processes or improved accuracy in financial analysis.

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How do you ensure accuracy in your financial reports?

To tackle this question, discuss your approach to verifying data integrity, cross-referencing information, and your methods for keeping organized records that help prevent errors.

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What steps do you take to prepare a pricing adjustment calculation?

Share your systematic approach to preparing pricing adjustments, detailing how you analyze data, document findings, and ensure compliance with contractual obligations.

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Describe a time you resolved a complex billing issue.

This is an opportunity to showcase your problem-solving skills. Provide a specific instance where you identified a billing issue, your investigative process, and the successful outcome of your efforts.

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How do you collaborate with cross-functional teams?

Speak to your experiences working with different departments, emphasizing your communication skills and how you foster collaboration to achieve common goals.

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What financial software or tools are you proficient in?

Highlight your expertise in financial software relevant to Visa, such as Microsoft Excel or analytical tools like Power BI, elaborating on how you've used these tools in your previous roles.

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How do you stay updated with changes in financial regulations?

Discuss your commitment to continuous education and professional development, mentioning specific resources like online courses, webinars, or industry journals you follow.

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What do you think is the biggest challenge in a Financial Analyst's role?

Reflect on common challenges, such as managing large datasets or ensuring compliance, and discuss how you overcome these challenges with strategic thinking and accurate analysis.

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How would you handle tight deadlines for financial reports?

Communicate your time management techniques, prioritization skills, and experience in working efficiently under pressure to meet reporting deadlines.

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What motivates you to excel as a Financial Analyst?

Share your passion for finance and how you are driven by goals such as providing valuable insights, making data-driven decisions, and enhancing processes within the organization.

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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 25, 2024

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