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08/06 Western Union HR Team
Regional Senior Recruitment Consultant - Talent Acquisition at Western Union

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Western Union - Senior Associate - Service Provider Governance Financial Analysis (8-10 yrs)

Pune Job Code: 581159

The Opportunity: Senior Associate, Service Provider Governance Financial Analysis

- Want to do work on a massively global scale with a FINTECH company that is poised to revolutionize the industry?- Get to know Western Union as we establish a new, world-class Technology Engineering Center (TEC) in Pune, India to support global strategic initiatives. Be one of the first to join the team and help shape our company's digital capabilities and revolutionize an industry!

- Among digital, person-to-person, international money transfer providers Western Union is the leader in number of customers, transactions and receive countries. We've built a powerful, cross-border technology platform for quickly moving money almost anywhere in the world.- What sets us apart is a combination of a physical AND rapidly expanding digital network across 200 countries and territories with access to over 130 global currencies, our global compliance expertise and the proprietary technology behind it all.-

- We continue to invest heavily in using, and developing technology that allows us to move money seamlessly; eliminating barriers based on location, currency, payment method, platform, etc. Some companies specialize in cash-based retail money transfer and others play only in digital. We are a leader in both!

The Senior Associate, Service Provider Governance Financial Analysis you will manage financials for Suppliers products and services, including budgets and forecasts. Ensure that invoices are accurate and verified prior to payment. The role will ensure contractual and operational compliance of commercials against agreed business case. The role will report to a Leader with experience on Vendor Governance, Supplier Management and issue resolution. This role works cross-functionally with the Contract Management and Service Level Management

Key responsibilities:

- Understand the Commercial set up of the contract to ensure, compliance, tracking and reporting against the business case

- Create and maintain a comprehensive database with all financial documents and associated raw data

- Extract and create financial provisions, key checkpoints and trackers for validation/ assessment

- Review the client- supplier contract and identify the payment dates of the invoices

- Prepare invoice evaluation form/ Tracker with payment calendar as per contract

- Validate Supplier Invoices with the supporting data provided by Serviced provider and ensure that rates are initiated in line with contract

- Communicate the evaluation data and findings financial team for any adjustments or accrual

- Communicate errors and issues related to invoice with detailed reports and backup data to Suppliers and resolve the disputes

- Provide payment recommendation to Payables and work with Finance to ensure POs are funded appropriately

- Validate performance credits, and earn backs including periodic true-ups

- Provide structured reporting of financial data related to specific Supplier relationship and static reports for historical trends, comparisons of ACV, TCV, and budget against actual invoice amounts

- Coordinate with Contract Management and Service Level Management team to ensure the accuracy of financial accepts related to Supplier contract

- Provide coaching and mentoring to Associates and Junior Associates

- Ability to work independently on complex projects

What we require:

Bachelor's Degree in commerce discipline with MBA in Finance (preferred)

- Minimum of 4-5 years of experience

- Understands the basics of finance and accounting and sound knowledge of Account Payable and Receivables. Understand invoice transaction and processing activities, invoice management and the impact of purchase orders.

- Provide complex and occasionally highly complex- financial analysis for a financial function or a business. Well versed in dealing with and analyzing numbers with strong attention to detail. Ability to analyze trends and identify/highlight reasons for key variances and nuances

- Understanding about type of charges methodologies. Pricing methodologies for a fixed fee, Time and Material rates and calculation involves with variations on fees for volumes above or below target thresholds, charges for additional resources (ARCs ) above the threshold, Credits (RRCs ) granted for reduction in resources consumed, Transition charges, Termination charges and other one- time charges. Knowledge in Pricing Adjustment and Economic Change Adjustments and COLA/Adjustments for inflation & deflation

- Experience in budgeting, forecasting and trend analysis. Ability to analyze financial data and highlight reasons for variances, deviations in trend, comparison of actuals vs. forecast, etc.

- Demonstrates solid Microsoft Office proficiency (Excel, Word, PPT etc.). Excellent in MS Office with generating report and preparing presentations

- Experience in handling commercial management processes through software platform

- Experience in working on different tool based platforms and ability to quickly understand the workings of different IT services

- Excellent verbal and written communication skills

- Excellent Microsoft Office skills

Apply - 

If you're ready for a challenge and want to be involved in something that will change an industry and impact millions of people and businesses around the world, then apply today!

#LI-WU

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This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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