MasterCard Chief Financial Officer, Asia Pacific in Singapore
We work to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. We cultivate a culture of inclusion (https://www.mastercard.us/en-us/vision/who-we-are/diversity-inclusion.html) for all employees that respects their individual strengths, views, and experiences. We believe that our differences enable us to be a better team – one that makes better decisions, drives innovation and delivers better business results.
Chief Financial Officer, Asia Pacific
The CFO is the finance leader, responsible for all financial aspects of the Region, and for partnering with the Asia Pacific Management Team in making key decisions. Reporting to the CFO, International Markets and the Co- Presidents of MasterCard Asia Pacific, he/she is responsible for Financial Reporting and Controls, Financial Planning & Analysis, Financial processes, Planning and Objective Setting, and Business Partner support including Customer Business Agreements and minority investments. The CFO is also responsible for local leadership of other finance team members in region who report up to the corporate finance business units such as Procurement, Facilities, Treasury and M&A. He/she interfaces regularly with Senior Finance Executives, such as the Corporate Controller, Corporate FPA Head and Corporate CFO.
Financial Reporting and Control Environment
Ensures the integrity and accuracy of the financial statements in partnership with the Global Business Service Center for US GAAP, statutory and regulatory, and internal management reporting.
Ensures a strong control environment for the region by establishing, monitoring and enforcing operational and SOX controls based on corporate guidelines and general governance standards. Supports and challenges managers to identify areas where controls can be strengthened.
Guides financial decisions related to business transactions, including acquisitions and investments by providing local accounting/regulatory advice and by monitoring and enforcing policies and procedures; works with Corporate Controllers team to ensure technical accounting issues are identified and appropriately addressed
Ensures ongoing compliance with internal, statutory and regulatory requirements; anticipating future legislation; enforcing adherence to requirements; filing financial reports; advising management on needed actions
Understands and collaborates with Corporate Tax Department on the resolution of relevant tax issues
Financial Planning & Analysis - Budgeting and Forecasting
Leads Budgeting, Forecasting and financial reporting, and development of consolidated information for the Region
Prepares and manages annual budgets, periodic forecasts of revenue and expenses, capital, and cash flows, and establishes realistic performance standards
Reviews and explains significant variances from prior period actuals, budgets, and forecasts in a timely manner
Leads the annual planning process
Manages short and long-range financial planning and capital forecasting
Manages coordination of results reporting to International Markets Group
Manages and/or conducts Financial Analyses (e.g., product/customer profitability analysis)
Leads ad hoc research/special projects, and issues reports
In partnership with Corporate M&A and other business units, provides insights and financial analysis of new business ventures and acquisitions
Provides financial analysis related to customer planning activities such as incentives and Customer Business Agreements ensuring that business cases for these agreements are financially sound
Leads the development and implementation of streamlined processes to manage the financial needs of the Region
Responsible for the review and proper execution of all contracts with financial implications including supplier relationships and external partnerships
Assists in the development, implementation and maintenance of cost-effective controls to promote data integrity and minimize risk (financial, operational, legal, regulatory, etc.)
Develops insight into internal and external corporate governance and business issues
Develops a working understanding of current and emerging product lines, services, and programs
Maintains key finance-related relationships with other Business Units, Corporate Finance, and external parties
Planning and Objectives
Partners with the Business Unit leader, International Markets and other areas of the corporation to formulate and implement Business Unit strategy.
Works with Business Unit leaders to set objectives and develop plans and establish KPIs.
Teams with the Business Unit leader to evaluate potential business relationships (business partnerships, investments, sponsorships, etc.) and to evaluate new growth areas from strategic, operational, and financial perspectives.
Supports the Business Unit in launching new businesses to support growth across the Region
Proven ability to build high performing teams, history of strong leadership, team work and the ability to work in a matrixed organization
Experience in leading a team that is geographically dispersed and to be part of a geographically diverse team
Fluency in English. Fluency in Chinese is a plus. Excellent verbal, written and presentation skills - ability to communicate effectively at all levels of the organization
Demonstrated history of thoughtful risk taking, business acumen, thought leadership, commitment and strong sense of urgency
Executive presence, ability to influence others and intellectual horsepower
All About You:
CPA and/or MBA preferred
Solid accounting skills, excellent finance skills including modelling and scenario analysis, budget, planning and forecast experience, significant experience in risk management and a solid understanding of the business or demonstrated learning agility are required. Operational experience very desirable.
Should have international experience in more than one country and be geographically mobile
Due to COVID-19, most of our employees are working from home. We’ve implemented a virtual hiring process and continue to interview candidates by phone or video and are onboarding new hires remotely. We value the safety of each member of our community because we know we’re all in this together.
Mastercard is an inclusive Equal Employment Opportunity employer that considers applicants without regard to gender, gender identity, sexual orientation, race, ethnicity, disabled or veteran status, or any other characteristic protected by law.
If you require accommodations or assistance to complete the online application process, please contact email@example.com and identify the type of accommodation or assistance you are requesting. Do not include any medical or health information in this email. The Reasonable Accommodations team will respond to your email promptly.
Corporate Security Responsibility
Every person working for, or on behalf of, Mastercard is responsible for information security. All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and therefore, it is expected that the successful candidate for this position must:
• Abide by Mastercard’s security policies and practices;
• Ensure the confidentiality and integrity of the information being accessed;
• Report any suspected information security violation or breach, and
• Complete all periodic mandatory security trainings in accordance with Mastercard’s guidelines.
Requisition ID: R-139111