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Manager, Technical Accounting & External Reporting

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

We are looking for a Manager of Technical Accounting & External Reporting with a strong technical accounting background in US GAAP. This is an individual contributor role on a team of five, reporting to the Director of Technical Accounting & External Reporting. This is a global position and will partner closely with global and regional accounting teams, treasury, FP&A, product, tax, HR and other teams across the organization to assess the accounting implications for Visa’s core and emerging products, business initiatives and strategic alliances. This role will also participate in the preparation and review of Visa’s quarterly and annual SEC filings (10-Q and 10-K).

Essential Functions

  • Act as one of Visa’s technical accounting subject matter experts.

  • Exercise judgment within defined policies and authoritative literature to determine appropriate accounting on significant and unusual transactions.

  • Ensure appropriate documentation of accounting treatment of complex and highly judgmental transactions, including analysis, relevant literature, and conclusion.

  • Evaluate the impact of certain new accounting standards, prepare assessment papers, and execute the implementation.

  • Create and maintain accounting policies and partner with stakeholders to operationalize accounting policies and procedures.

  • Participate in the preparation and review of financial statements and footnote disclosures for 10-Qs and 10-Ks as well as earnings materials.

  • Assist in the presentation of on-going technical accounting training to the finance organization.

  • Work with internal and external auditors to support quarter-end reviews and year-end audits by providing timely & accurate data and communication.

  • Assist in quarterly and annual impairment assessments, as well as special accounting and finance projects on an ad-hoc basis.

  • Execute all responsibilities in compliance with our SOX 404 internal control framework.

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 3 set days a week, with a general guidepost of being in the office 50% or more of the time based on business needs.

Qualifications

Basic Qualifications:
•5 or more years of relevant work experience with a Bachelors Degree or at
least 2 years of work experience with an Advanced degree (e.g. Masters, MBA,
JD, MD) or 0 years of work experience with a PhD
•Strong technical knowledge of U.S. GAAP
•Effective technical writing and research skills, and some experience in the
implementation and handling of complex U.S. GAAP accounting matters
•A team player, adept at building relationships across the organization
•Proficiency with Microsoft Office (Excel, Word, Powerpoint and Outlook)
•Certified Public Accountant (CPA) is highly desirable

Preferred Qualifications:
•7 or more years of work experience with a Bachelor’s Degree or 5 years of
experience with an Advanced Degree (e.g. Masters, MBA, JD, MD) or 2 years of
experience with a PhD, including 3+ years Big 4 accounting experience
•Strong problem-solving skills and ability to apply sound judgment in order to:
•facilitate problem identification, generate alternative solutions, adapt to
changing situations, and manage issues to a successful resolution
•Demonstrated knowledge and experience researching accounting guidance
and documenting accounting treatment of issues for a variety of topics, such
as revenue recognition and hedge accounting
•Proven ability to research, clearly articulate, and document complex technical
accounting issues
•Strong organizational and project management skills with experience
managing multiple complex assignments simultaneously.
•Excellent interpersonal and presentation skills, including written and verbal
communication, especially in developing positions and presenting to
management, auditors, and non-accounting stakeholders.
•Demonstrated professional commitment, initiative, accountability, and
ownership of assignments.
•Experience in the preparation of financial statements and footnotes for a
publicly traded company.

Additional Information

Work Hours: Varies upon the needs of the department.

Travel Requirements: This position requires travel 5-10% of the time.

Mental/Physical Requirements: This position will be performed in an office setting.  The position will require the incumbent to sit and stand at a desk, communicate in person and by telephone, frequently operate standard office equipment, such as telephones and computers.

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.

Visa will consider for employment qualified applicants with criminal histories in a manner consistent with applicable local law, including the requirements of Article 49 of the San Francisco Police Code.

U.S. APPLICANTS ONLY: The estimated salary range for a new hire into this position is 124,600.00 to 180,650.00 USD per year, which may include potential sales incentive payments (if applicable). Salary may vary depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position may be eligible for bonus and equity. Visa has a comprehensive benefits package for which this position may be eligible that includes Medical, Dental, Vision, 401 (k), FSA/HSA, Life Insurance, Paid Time Off, and Wellness Program.

Average salary estimate

$152625 / YEARLY (est.)
min
max
$124600K
$180650K

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 Manager, Technical Accounting & External Reporting, Visa

Are you ready to make a substantial impact in the financial world? At Visa, we are seeking a Manager of Technical Accounting & External Reporting in Foster City, CA, who possesses a strong background in US GAAP. This role is a fantastic opportunity for an individual contributor looking to join a dynamic team of five, where you'll partner with various internal groups such as treasury, FP&A, product, and tax. As part of Visa's mission to connect the world through innovative payment solutions, your expertise will be crucial in assessing the accounting implications of our emerging products and strategic initiatives. You will play a significant role in preparing and reviewing our quarterly (10-Q) and annual (10-K) SEC filings, ensuring that we adhere to the highest standard of accuracy and compliance. Key responsibilities include acting as a technical accounting expert, creating and maintaining policies, and facilitating ongoing training to enhance our financial organization's knowledge. If you are someone who thrives in a collaborative environment and has a knack for effective communication, then Visa is your perfect match. Enjoy the flexibility of a hybrid work model while contributing to a company that is dedicated to uplifting everyone, everywhere. Join us to be a part of a forward-thinking organization that values your expertise and encourages professional growth.

Frequently Asked Questions (FAQs) for Manager, Technical Accounting & External Reporting Role at Visa
What are the primary responsibilities of the Manager, Technical Accounting & External Reporting at Visa?

The Manager of Technical Accounting & External Reporting at Visa is primarily responsible for acting as a technical accounting subject matter expert, preparing and reviewing SEC filings, and ensuring compliance with US GAAP. This role involves documentation of complex transactions, evaluation of new accounting standards, and collaboration with various teams across the organization.

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What qualifications do I need to apply for the Manager, Technical Accounting & External Reporting position at Visa?

To apply for the Manager, Technical Accounting & External Reporting position at Visa, you should have at least 5 years of relevant experience, strong technical knowledge of US GAAP, and a Bachelor's degree or higher. A Certified Public Accountant (CPA) qualification is highly desirable, and experience with Big 4 accounting firms is preferred.

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How does the Manager, Technical Accounting & External Reporting collaborate with other teams at Visa?

The Manager collaborates closely with various departments, including treasury, FP&A, and HR, to assess accounting implications for Visa's products and strategic alliances. This role requires building strong relationships and communicating effectively to operationalize accounting policies throughout the organization.

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What is the work environment like for the Manager, Technical Accounting & External Reporting at Visa?

Visa offers a hybrid work model where employees can alternate between remote work and office settings. As a Manager in this position, you would generally work from the office three times a week while having the ability to work remotely based on business needs.

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What kind of training or development opportunities does Visa provide for the Manager, Technical Accounting & External Reporting?

Visa emphasizes professional development and provides opportunities for ongoing technical accounting training. The Manager will assist in training efforts for the finance organization, helping to enhance skills and knowledge across the team's technical accounting capabilities.

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Common Interview Questions for Manager, Technical Accounting & External Reporting
Can you explain your understanding of US GAAP and its impact on financial reporting?

During the interview, focus on defining US GAAP and its significance for transparent financial reporting. Highlight how it guides accountants in recording transactions and preparing financial statements, and provide examples of how you have applied US GAAP in previous roles.

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Describe a complex accounting transaction you've handled and how you approached it.

When discussing a complex transaction, structure your answer to outline the problem, your analysis process, the accounting standards you referenced, and the resolution you achieved. Emphasize your judgment and decision-making skills.

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How do you ensure compliance with regulations while managing multiple responsibilities?

Highlight your organizational skills and time management strategies. Discuss using tools or methods to prioritize tasks, monitor compliance deadlines, and ensure thorough documentation to stay in line with regulatory requirements.

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What steps do you take to keep updated with new accounting standards?

Explain your commitment to professional development through continuous learning. Mention specific resources like industry publications, seminars, webinars, or professional organizations that you leverage to stay informed about accounting standards.

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How would you handle a disagreement with a stakeholder regarding accounting treatment?

Describe your approach to conflict resolution, emphasizing the importance of communication and compromise. Provide an example of a previous situation where you engaged stakeholders to discuss varying viewpoints and reached an agreement.

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Can you give an example of how you've successfully collaborated with cross-functional teams?

Share a specific project that required teamwork, detailing your role, the other teams involved, and how you achieved a successful outcome. Highlight your communication skills and ability to build relationships with diverse teams.

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What is your experience with preparing SEC filings, specifically 10-Qs and 10-Ks?

Discuss your direct experiences in preparing these filings, underscoring your understanding of SEC requirements. Mention the importance of accuracy and compliance in this process and any challenges you faced and overcame.

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Describe a time when you had to conduct technical training. What was your approach?

Articulate how you planned and executed a technical training session by focusing on audience needs, content relevance, and engagement strategies. Provide outcomes from the session, like feedback received or knowledge improvements observed.

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What techniques do you use to document accounting treatment for complex issues?

Emphasize your systematic approach to documentation. Explain how you reference authoritative literature, draft clear conclusions, and ensure your documentation is accessible for audits or reviews. Mention any tools or templates you find useful.

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How do you approach internal audits and what role do you play in ensuring a smooth process?

Discuss your experience in preparing for audits, including how you gather documentation, offer explanations, and engage with auditors. Emphasize the importance of transparency and cooperation to facilitate a smooth audit process.

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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
January 6, 2025

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