Visa - Foster City, CA
posted 4 months ago
The Accounting Senior Manager is a pivotal role within Visa's treasury accounting team, located in Foster City, CA. This position is responsible for overseeing all treasury-related accounting activities, including cash management, settlements, investments, and derivatives. Reporting directly to the Senior Director of Corporate Accounting, the Senior Manager will lead a team of four employees, primarily based in Foster City, ensuring the accuracy and completeness of financial reporting related to treasury operations. In this role, the Senior Manager will oversee the monthly close process for all treasury activities, ensuring that all journal entries, account reconciliations, and flux analyses are completed accurately. As the subject matter expert in treasury accounting, the Senior Manager will lead cash accounting activities for over 40 accounts across more than 10 legal entities, utilizing the Quantum cash accounting tool. This includes maintaining the Quantum system and managing the interface between Quantum and the Oracle general ledger, ensuring proper account setups for new bank accounts and GL accounts. The Senior Manager will also oversee the accounting of settlement collaterals and Current Expected Credit Losses (CECL), lead variance analysis before and after the close, and provide insights into trends and significant transactions. The role requires a strong understanding of US GAAP accounting guidance and the ability to develop close relationships with various business functions, including Treasury, Tax, and Technical Accounting, to ensure accurate transaction recording. Additionally, the Senior Manager will support the preparation and review of 10K and 10Q filings, including footnotes and disclosures related to treasury accounting. Identifying potential treasury-related risk areas and providing recommendations for mitigation will be crucial. The role emphasizes a culture of continuous improvement, promoting automation of manual processes and standardization of procedures. The Senior Manager will also be responsible for managing, developing, and coaching a high-performing team, fostering collaboration and continuous learning while ensuring compliance with SOX requirements and participating in quarterly audits.