Vice President, Controller of Financial Reporting, Mastercard
Office located in Purchase, New York
Global payments technology company
Open for applications
Global payments technology company
1001+ employees
Open for applications
Office located in Purchase, New York
1001+ employees
Company mission
To connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible.
Role
Who you are
- Bachelor Degree in Accounting and CPA required
- In-depth knowledge of GAAP, SEC regulations, and SOX compliance
- Established as a trusted advisor to business partners; consults on complex technical accounting issues to final interpretation to ensure the integrity of the financials
- Experience setting strategy for process improvement initiatives along with developing procedures for implementation
- Demonstrated successful oversight of the management and resolution of high-risk issues to ensure completeness and efficiency
- Excellent oral and written communication skills and interpersonal skills with emphasis on building strong, longer-term relationships worldwide across varying geographies and functions
- Extensive experience delivering presentations and engaging with senior leadership
- Ability to work under pressure and meet tight deadlines, while maintaining high attention to detail and accuracy
- Proficiency in financial reporting software and advanced Microsoft Excel skills
- Prior experience in a Big 4 accounting firm and relevant experience within a public company environment is a plus
What the job involves
- The VP, Financial Reporting Controller, is responsible for managing the financial reporting process, ensuring compliance with regulatory requirements, and providing accurate and timely financial information to stakeholders. This role includes overseeing the preparation of financial statements, coordinating with external auditors, and ensuring adherence to internal controls and accounting policies
- This role also provides controllership support for Treasury and Rebates & Incentives and will serve as advisor and liaison between Corporate Controllers, Treasury, Internal Audit, Tax, Legal and Shared Service groups. The VP, Financial Reporting Controller reports to the SVP, Assistant Corporate Controller
- Oversee the preparation and timely submission of quarterly and annual financial statements in accordance with Generally Accepted Accounting Principles (GAAP) and Securities and Exchange Commission (SEC) regulations
- Ensure compliance with all financial reporting requirements, including Form 10-K, Form 10-Q, and other SEC filings
- Review and analyze consolidated results in partnership with the Shared Services group
- Coordinate and prepare detailed financial disclosures for SEC filings, ensuring all information is accurate, complete, and in compliance with SEC regulations
- Maintain up-to-date knowledge of SEC reporting requirements and communicate changes to relevant stakeholders
- Review and interpret new and existing SEC regulations, accounting standards, and financial reporting trends to ensure compliance and provide guidance to the finance team
- Develop and maintain documentation and support for all SEC filings, including footnote disclosures and management’s discussion and analysis (MD&A)
- Work closely with legal counsel and external auditors to address any SEC comments and implement necessary changes to improve reporting processes
- Develop and maintain robust internal control policies and procedures to ensure accuracy and integrity of financial reporting
- Ensure compliance with Sarbanes-Oxley (SOX) Act requirements and facilitate periodic reviews and testing of internal controls
- Coordinate with internal audit and/or SOX team to address any control deficiencies and implement necessary improvements
- Oversee the preparation of SOX documentation and ensure effective implementation of control activities
- Serve as the primary point of contact for external auditors
- Manage the annual audit process, including preparation of audit schedules, responding to auditor requests, and addressing audit findings
- Ensure timely and accurate completion of audit deliverables
- Liaising with Shared Services Groups:
- Act as the primary liaison between the financial reporting team and shared services groups (e.g., Accounting Services, Revenue Services, Financial Systems, etc.)
- Ensure alignment and communication between all financial functions to facilitate accurate and timely financial reporting
- Address and resolve any discrepancies or issues that arise in collaboration with shared services teams
- Identify and/or support process improvement initiatives; influence and partner to implement
- Provide detailed financial analysis and reporting to senior management, highlighting key financial metrics and trends
- Support the CFO in the preparation of presentations and reports for quarterly earning preparations, the Board of Directors and other stakeholders
- Analyze complex accounting issues and provide guidance on technical accounting matters
- Develop and deliver training programs for the finance team and other departments on financial reporting standards, policies, and procedures
- Provide ongoing accounting support and technical guidance to the finance team and other stakeholders
- Stay current with developments in accounting standards and practices and ensure the team is updated accordingly
- Lead and mentor the financial reporting team, providing guidance and development opportunities
- Foster a collaborative and high-performance work environment
- Ensure the team is up-to-date with changes in accounting standards and regulatory requirements
- Lead or participate in special projects as required, such as, system implementations, and process improvements
- Provide ad hoc financial reports and analysis as requested by senior management
Our take
Mastercard is in the global payments business, and operates the world's fastest payments processing network. Its products and solutions have become central to everyday commerce across the world, in activities ranging from shopping and travelling to running businesses.
As the economy has become more and more digitised, Mastercard has been a leading player in helping businesses and individuals across the globe embrace card payments and digital banking. One of the world's largest companies, its revenue has seen consistent gain in the last 20 years.
The challenge for modern payments companies is that payments are always changing, as seen in the astronomical rise of contactless payments over the last decade. Mastercard's acquisition of blockchain systems, and an overall focus on leveraging its technology towards a digital economy, has placed the company in good stead to keep up to date with current trends, like cryptocurrency, in the digitised payments world.
Steph
Company Specialist
Insights
Company
Company benefits
- Gym membership
- Share purchase options
- Extra holiday purchase optional
- Work from home opportunities
- Health insurance
Company values
- Trust - integrity, respect, openness
- Agility - urgency and value through innovation
- Partnership - working as one team for the benefit of all
- Initiative - taking bold and thoughtful actions
Company HQ
Purchase, Harrison, NY
Articles
Leadership
Michael Miebach
(CEO, not founder)Has served in a variety of roles at the company, including President and CPO. Currently Board Member at IBM, Accion, the World Resources Institute, the US-India Strategic Partnership Forum, and the Metropolitan Opera. They are also a Trustee of USCIB.
People progressing
Joined as VP in 2008, promoted 4 times in 11 years to their current position of Executive Vice President.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 144 more jobs at Mastercard