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Financial Analyst

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

  • Manage monthly and quarterly close cycles, ensuring that financial reporting in accordance with US GAAP is performed timely, in line with corporate close guidelines. This includes preparing journal entries, reviewing income statement activity, and balance sheet reconciliations to ensure the accuracy and integrity of the financial statements.

  • Complete balance sheet account reconciliations in support of the monthly close process. Own specific accounts on the consolidated balance sheet and income statement and perform detailed analytical review for those accounts.

  • Prepare Balance Sheet and P&L flux analysis for the assigned Corporate legal entities.

  • Support the Financial Controllers in the regions with daily activities to ensure compliance with Oracle’s policies and US GAAP reporting standards.

  • Collaborate with Global Finance Organizations including, Global Business Finance, Tax, Treasury, and Legal.

  • Responsibility for the preparation and audit management of the regulatory and statutory financial statements for assigned Corporate legal entities.

  • Work closely with Legal Compliance and external auditors to ensure the audit is completed within statutory timelines.

  • Participate in Global & Regional strategic initiatives that optimize and enhance the operations of the Chief Accounting Officer organization.

  • Ability to research past transactions and interpret past events and future treatment.

  • Support Internal Audit and SOX PMO on the assessment of internal controls.

  • Collaborate with Tax organization on tax authority information requests and audits.

  • Implement best practice system processes and controls for the Corporation and legal entities to comply with all internal and external financial reporting obligations.

  • Perform close activities, including preparing manual expense accruals, such as uninvoiced receipt accruals, and other miscellaneous accruals, and perform review of prepaid expenses.

  • Provide cross-functional support across Corporate Accounting for month-end activities, including close checklist, prepaid expense review, and flux analysis distributions as well as other ad hoc projects.

  • Prepare quarterly schedules for SEC 10Q/10K filings by collaborating with External Reporting and Regional Controllers globally. Support the External Reporting team in preparing the quarterly reports.

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

Basic Qualifications:
•4 years of work experience with a bachelor’s degree or at least 2 years of work
experience with an Advanced Accounting degree

Preferred Qualifications:
•4-6 years of work experience with a diploma/degree in accounting/finance (or
related fields)
•CA or ACCA or CPA equivalent with clear progressive professional accounting
experience, preferably in a publicly-traded company and/or with a public
accounting firm
•Knowledge of US GAAP/IFRS and SEC requirements
•Proficient with Oracle or similar enterprise accounting system and proficient in
utilizing Excel to efficiently analyze data
•Strong customer service and communication skills
•Must be comfortable working in a fast-paced, rapidly changing environment
•Project credibility and knowledge of business acumen
•Ability to define/solve end-to-end problems and issues
•Strong technical, quantitative and analytical skills. Strong attention to detail
and accuracy.
•Strong interpersonal and communication skills, including excellent written, oral,
listening and presentation skills. Ability to work well under pressure and
interact at all levels
•Capable of handling multiple tasks, possess good organizational and analytical
skills, able to work independently, and be extremely flexible
•Welcomes challenging/complex projects and demonstrates an ability for
working 'smarter not harder' by making continuous improvement to the
efficiency of processes he/she contributes to.
•Teamwork is essential to the group, so it is critical that the candidate interact
with other team members and managers collaboratively and effectively
•Ability to identify and execute operational excellence and continuous
improvement initiatives to improve resource optimization.
•Ability to effectively work in a multi-location organization and adapt to different
cultures.

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

Are you ready to dive into an exciting opportunity as a Financial Analyst at Visa in the vibrant city of Bangalore? At Visa, we lead the charge in payments and technology, connecting people around the globe through a reliable and secure payments network. As a Financial Analyst, you'll play a crucial role in the monthly and quarterly close cycles, ensuring financial reporting adheres to US GAAP guidelines. Picture yourself preparing journal entries, reviewing income statements, and reconciling balance sheets to ensure the accuracy of financial statements that impact millions. You'll take ownership of specific accounts, conduct detailed analyses of Balance Sheet and P&L fluctuations, and collaborate directly with various teams, including Tax and Treasury. Your efforts will help us comply with audit standards and regulatory reporting requirements, making your contributions vital to the company's success and integrity. Plus, in this hybrid role, you'll enjoy the flexibility of balancing remote work and office days, fostering a dynamic and collaborative work environment. So, if you're looking to make a meaningful impact while growing your finance career with an industry leader, we invite you to join us at Visa and experience a fulfilling career path brimming with potential!

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

As a Financial Analyst at Visa, you will handle the monthly and quarterly close processes, ensuring timely compliance with US GAAP reporting standards. Your core responsibilities include preparing journal entries, managing balance sheet reconciliations, completing flux analyses, and collaborating with various finance teams. You will also play a vital role in regulatory and statutory financial statement preparation and ensuring audits are completed in a timely manner.

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What qualifications are needed for the Financial Analyst position at Visa in Bangalore?

To qualify for the Financial Analyst role at Visa, candidates should have a bachelor’s degree with four years of relevant work experience, or a minimum of two years of experience with an Advanced Accounting degree. Preferred qualifications include 4-6 years of work experience, a CA, ACCA, or CPA equivalent, and a strong understanding of US GAAP/IFRS and SEC requirements. Proficiency with Oracle or similar accounting systems and Excel is essential.

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How does the Financial Analyst at Visa interact with other departments?

In the Financial Analyst role at Visa, you'll collaborate closely with global finance organizations, including the Tax, Treasury, and Legal teams. Your ability to communicate and share insights will facilitate adherence to internal controls and compliance requirements. You'll also provide cross-functional support during month-end activities, enhancing collaborative efforts and driving operational excellence within the company.

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What skills are essential for a Financial Analyst at Visa?

Success as a Financial Analyst at Visa requires a strong analytical mindset paired with technical accounting knowledge. Key skills include attention to detail, organizational abilities, and proficiency with tools like Excel for data analysis. Additionally, effective communication and interpersonal skills are essential to work collaboratively with colleagues and provide exceptional service within the fast-paced environment of Visa.

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What is the work culture like for Financial Analysts at Visa?

Visa fosters a dynamic and inclusive work culture that values collaboration and innovation. As a Financial Analyst, you’ll not only engage in meaningful projects but also enjoy the balance of remote and in-office work in a hybrid model. This approach encourages teamwork and open communication, allowing for personal and professional growth while making impactful contributions to the organization.

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Common Interview Questions for Financial Analyst
Can you explain your experience with US GAAP and how it applies to the Financial Analyst position?

Highlight specific experiences you have that align with GAAP principles, such as completing financial statements or participating in audits. Discuss how you ensure compliance and accuracy in your financial reporting and mention any projects where you successfully implemented GAAP standards.

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How do you approach completing balance sheet reconciliations?

Discuss a systematic approach to account reconciliations, such as verifying the accuracy of transactions, identifying discrepancies, and ensuring all entries are supported with relevant documentation. Emphasizing your attention to detail and problem-solving skills is crucial.

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What tools or software have you used to analyze financial data?

Mention your experience with accounting software, specifically Oracle or similar systems, and highlight your proficiency in Excel for extensive data analysis. Be specific about functions or features you commonly use to manipulate and analyze data efficiently.

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Describe a time when you faced a challenge during the financial close process and how you handled it.

Share a specific scenario where you encountered an issue, such as tight deadlines or unexpected discrepancies. Explain the steps you took to resolve the issue and the outcome, emphasizing your analytical skills and ability to work under pressure.

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How do you ensure accuracy in your financial reporting?

Discuss the processes you utilize to verify data accuracy, such as conducting thorough reviews, utilizing checklists, and cross-referencing with prior reports. Emphasize your attention to detail and your understanding of the importance of accurate reporting.

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What do you believe is the most important skill for a Financial Analyst at Visa?

Highlight skills such as analytical thinking, attention to detail, and strong communication abilities. Elaborate on why these skills are crucial to not only your success but also to the overall functioning and collaboration within the finance team at Visa.

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Can you discuss your experience managing multiple tasks and deadlines?

Provide examples of how you prioritize your workload effectively, utilizing project management techniques or tools. Discuss any specific situations where you juggled multiple deadlines and how you successfully managed them while maintaining quality.

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How do you stay updated on changes in financial regulations and best practices?

Share your methods for staying informed, such as participating in professional organizations, attending relevant workshops or webinars, and reading industry publications. Highlight your commitment to continuous learning and applying best practices in your role.

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Describe how you collaborate with cross-functional teams in your previous roles.

Explain your experience working with other departments, such as Tax or Legal, on projects. Discuss how you align with team goals, communicate effectively, and contribute positively to projects that require multi-departmental collaboration.

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What analytical methods do you find most effective for financial analysis?

Discuss any specific analytical frameworks or methodologies you use in financial analysis, such as variance analysis or trend forecasting. Provide examples of how these methods have led to actionable insights or improved decision-making in your previous roles.

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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...

1280 jobs
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Full-time, hybrid
DATE POSTED
January 28, 2025

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