At a Glance
- Tasks: Lead financial integrity and compliance for Mastercard's European operations.
- Company: Join Mastercard, a global leader in digital payments, empowering economies in over 200 countries.
- Benefits: Enjoy competitive pay, remote work options, and a vibrant corporate culture.
- Why this job: Be part of a dynamic team driving sustainable economic growth and innovation.
- Qualifications: Finance or accounting qualification required; Big 4 experience preferred.
- Other info: Opportunity to work across diverse teams and enhance your professional skills.
The predicted salary is between 43200 - 72000 £ per year.
Our Purpose Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re helping build a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart, and accessible. Our technology, innovation, partnerships, and networks combine to deliver a unique set of products and services that help people, businesses, and governments realize their greatest potential.
Role: The position will be part of the Controller’s group within Mastercard Europe’s Finance division, reporting to the Europe Regional Controller. Europe Controller’s Group is responsible for ensuring the integrity of US GAAP financials in partnership with the GBSC (Global Business Service Center), ensuring local statutory reporting compliance, Rebates & Incentives, and providing support to business teams across various areas including accounting and controls. This role is key for control oversight of Mastercard’s fund reinvestment process in Europe, ensuring rigorous accounting approaches and compliance with corporate policies and internal controls. The position requires building and fostering relationships across the organization at various levels and geographies. This role oversees the timely and correct accounting treatment of all customer business agreements related to revenue recognition and contra-revenue (rebates and incentives) in partnership with the GBSC, ensuring compliance with Mastercard policies, internal controls, and US GAAP. Additionally, it involves legal entity management in compliance with US GAAP in partnership with the GBSC and local statutory financial reporting.
Responsibilities:
- Funds: Leads annual review and updates of the EU fund usage policy, coordinating inputs from multiple experts and fund management teams. Initiates and coordinates quarterly accounting reviews of fund reinvestment contracts, ensuring alignment on approaches, deadlines, and deliverables. Calculates and confirms monthly accruals for fund spends to GBSC, monitors PL movements, and investigates irregularities. Monitors accrual balances and coordinates bi-annual BS clearing processes with GBSC. Collects information/documents and initiates quarterly billing for "pay-as-agent" contracts with customers. Arranges and delivers periodic training sessions for finance teams, fund administrators, and broader business teams. Supports the Regional Internal Control Lead with periodic reviews of end-to-end fund management processes in selected countries. Handles internal auditors' requests, covering accounting-related questions during IA reviews of the fund management process in Europe. Acts as a subject-matter expert, assisting business teams with fund usage requirements and coordinating complex reviews with tax, legal, compliance, and other experts as needed.
- Rebates & Incentives: Responsible for overseeing the quality of the full accounting process for rebates and incentives (R&I or contra-revenue), ensuring timely and accurate accounting treatment for the countries under scope. Provides complex accounting advice and guidance: discusses, challenges, and validates various accounting treatments, and communicates them effectively to ensure proper understanding and application. Participates in contract drafting as a reviewer to ensure verbiage enables proper accounting treatment in line with Mastercard policies and US GAAP, and provides clear interpretation of financial clauses. Performs oversight controls for the R&I accounting process, including review of monthly reconciliations and quarterly reporting. Maintains Process and Controls documentation for SOX compliance.
- Legal Entity Accounting: Prepares and reviews account conversions from US GAAP to local GAAP, and reviews financial statements for entities to ensure timely submission. Monitors trial balances monthly for accuracy. Oversees and manages external audits of legal entities.
About You: Finance/Accounting/business qualification or related disciplines – CA/ACA/CPA. Strong knowledge of US GAAP/IFRS with previous accounting and reporting experience; Big 4 experience preferred. Strong understanding of internal controls. Proficiency with accounting systems/software, e.g., Excel and Oracle. Driven by continuous improvement, demonstrated through process enhancements. Detail-oriented with strong analytical and financial skills, supported by excellent interpersonal and communication skills. Experience working in a diverse, multi-functional finance group across time zones is a plus. Ability to integrate knowledge across disciplines and work across teams. Independent worker and thinker, capable of following up on time-sensitive issues and driving others.
Corporate Security Responsibility: All activities involving access to Mastercard assets, information, and networks come with inherent risks. Every person working for or on behalf of Mastercard must: Abide by Mastercard’s security policies and practices; Ensure confidentiality and integrity of accessed information; Report suspected security violations or breaches; Complete all mandatory security trainings as per Mastercard’s guidelines.
Director, Controller employer: MasterCard
Contact Detail:
MasterCard Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Director, Controller
✨Tip Number 1
Familiarise yourself with US GAAP and IFRS standards, as these are crucial for the Director, Controller role. Brush up on your knowledge of financial reporting and compliance to demonstrate your expertise during interviews.
✨Tip Number 2
Network with professionals in the finance and accounting sectors, especially those with experience in Big 4 firms. Building relationships can provide insights into the role and may lead to referrals.
✨Tip Number 3
Prepare to discuss your experience with internal controls and process improvements. Be ready to share specific examples of how you've enhanced financial processes in previous roles.
✨Tip Number 4
Showcase your ability to work across diverse teams and time zones. Highlight any past experiences where you successfully collaborated with international teams, as this is key for the role at Mastercard.
We think you need these skills to ace Director, Controller
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in finance and accounting, particularly with US GAAP and IFRS. Emphasise any previous roles that involved oversight of financial processes or compliance, as these are crucial for the Director, Controller position.
Craft a Compelling Cover Letter: In your cover letter, express your passion for Mastercard's mission and how your skills align with their goals. Discuss your experience in managing financial controls and your ability to foster relationships across diverse teams, which is essential for this role.
Showcase Your Analytical Skills: Provide specific examples in your application that demonstrate your analytical abilities and attention to detail. Mention any process improvements you've implemented in past roles, as continuous improvement is a key aspect of the job.
Highlight Leadership Experience: Since this is a director-level position, be sure to highlight any leadership roles you've held. Discuss how you've led teams, managed projects, or influenced decision-making processes, especially in a multi-functional finance environment.
How to prepare for a job interview at MasterCard
✨Understand the Role Inside Out
Make sure you thoroughly understand the responsibilities of the Director, Controller position. Familiarise yourself with US GAAP and how it applies to Mastercard's operations, as well as the specifics of fund management and rebates.
✨Showcase Your Analytical Skills
Prepare to discuss your analytical and financial skills in detail. Be ready to provide examples of how you've used these skills in previous roles, especially in relation to accounting processes and internal controls.
✨Demonstrate Relationship-Building Abilities
Since this role requires building relationships across various levels and geographies, think of examples where you've successfully collaborated with diverse teams. Highlight your interpersonal skills and how they contributed to successful outcomes.
✨Prepare for Technical Questions
Expect technical questions related to accounting treatments, compliance, and financial reporting. Brush up on your knowledge of accounting systems like Oracle and be prepared to discuss how you've implemented process improvements in past roles.