Card & Merchant Accounting and Control (CMAC) team manages the accounting for $1.2 Tn of Card spend, Remittances and Merchant payments along with accounting for Incentives COE amounting to $2B. which includes accounting for Corporate Client Incentives, GNS Royalties, Merchant Rebates etc. and provide governance and oversight to unclaimed funds (Abandoned Property).
The specific role is part of Abandoned Property COE and the team is responsible for Regulatory reporting, Compliance and governance of Abandoned Property Funds.
Monitor Month end P&L treatment, validations and ensuring accurate / timely completion and GL Posting
Monthly review of ABP ledgers completeness, accuracy and operational aging analysis
Governance of ABP Ledger - global master file maintenance, Updation of rules, product, ownership and upload into automated Tableau database
Monthly TB / GL review, New accounts set up / Treatment rule set up / matching rules set up in IRIS MU
Liaison with upstream operations teams to ensure relevant data collation required for escheatment filing and final due diligence for applicable markets.
Escheatment Reporting – Preparation, filling and related accounting
Escheatment Reporting - related Sub Ledger support preparation / uploads / reconciliation in IRIS MU.
B.Com / Or Specialization In Commerce Stream With 0-2 Years Of Experience.
Strong system skills, including proficiency in Microsoft Access, Microsoft Excel, and Power point
Excellent analytical and problem-solving abilities.
Strong written and verbal communication skills.
Effective interpersonal skills with the ability to collaborate successfully in a team environment.
Demonstrated ability to work as an effective team player and build positive working relationship