Financial Analyst

The Financial Analyst role in the Card & Merchant Accounting and Controls (CMAC) team at American Express is responsible for managing end-to-end accounting, research, and clearance processes for LAC Remittance Payments. This includes governance of Balance sheet accounts, ensuring timely and accurate processing, and maintaining financial integrity through reporting and trend analysis. The incumbent will also participate in standardization and continuous improvement initiatives, working closely with business partners to clear financial transactions, drive efficiency, and mitigate risks.

Must Have

• B. Com with 2-4 years or CA/MBA/Post Graduate with 0-2 years of work experience
• Good knowledge of Excel, PowerPoint, AR/ AP platforms (MNS, Genesis, Triumph, Globestar, CARS, ACRE, etc.) and other data applications like Cornerstone, BI tools
• Good communication and interpersonal skills
• Managing E2E accounting and research and clearance processes for LAC Remittance Payments
• Governance of Balance sheet accounts (specifically Bank and suspense accounts ensuring all accounting (upstream system/manual) is processed timely and accurately)
• Maintain financial integrity through timely reporting of process metrics, inputs related to trending variances, static and unnatural balances, customer queries and status of process improvement
• Work closely with business partners (Servicing teams within GPS & CFN) to clear the daily/monthly financial transactions, drive process efficiency and proactively highlight any exposure
• Be able to proactively highlight, communicate and mitigate risks
• Monitor the trending of the Balance Sheet accounts managed and work with different stakeholders to identify and fix the RCA
• Ensure compliance with prevailing policies and procedures besides contractual and regulatory requirements as applicable

Good to Have

• Good analytical skills and ability to understand the linkages to processes
• Good Accounting knowledge
• Demonstrate leadership skills needed to create, develop and communicate with diverse work force

Perks & Benefits

• Competitive base salaries
• Bonus incentives
• Support for financial-well-being and retirement
• Comprehensive medical, dental, vision, life insurance, and disability benefits (depending on location)
• Flexible working model with hybrid, onsite or virtual arrangements depending on role and business need
• Generous paid parental leave policies (depending on your location)
• Free access to global on-site wellness centers staffed with nurses and doctors (depending on location)
• Free and confidential counseling support through our Healthy Minds program
• Career development and training opportunities

Work Location Options:

Hybrid

At American Express, our culture is built on a 175-year history of innovation, shared values and Leadership Behaviors, and an unwavering commitment to back our customers, communities, and colleagues. As part of Team Amex, you'll experience this powerful backing with comprehensive support for your holistic well-being and many opportunities to learn new skills, develop as a leader, and grow your career.

Here, your voice and ideas matter, your work makes an impact, and together, you will help us define the future of American Express.

Our industry is rapidly evolving, and we need courageous, quick thinkers who can shape the strategic decisions that lead our business forward. Whether it’s negotiating with some of our largest global partners or creating next year’s financial plan, you can influence both our day-to-day P&L and the future direction of the company. As part of the team, you can have the opportunity to learn and use the latest data tools and technologies and explore a range of roles to grow your career. Find your place in finance on #TeamAmex.

Function Description

• Card & Merchant Accounting and Controls (CMAC) team in Global Financial Operations, Controllership, manages the foundational accounting for Card Member spend, Remittances and Merchant payments along with various other operational accounting processes that is core to a Credit Card domain.

• This team is the last line of defense and liaisons with broader controllership, technology / product, and Global Service Group (GSG) / servicing teams to ensure correct Card Member allocations and financial integrity is embedded in the end-to-end process.

How will you make an impact in this role?

This B28 role will be primarily responsible for managing E2E accounting and research and clearance processes for LAC Remittance Payments, Governance of Balance sheet accounts (specifically Bank and suspense accounts ensuring all accounting (upstream system/manual) is processed timely and accurately. The incumbent will also be responsible to maintain financial integrity through timely reporting of process metrics, inputs related to trending variances, static and unnatural balances, customer queries and status of process improvement driven by upstream/downstream automation and improvements.

·       This position shall be responsible for accounting & reconciliation (research and clearance) of LAC region Remittance Ledgers

·       The incumbent in expected to have fair knowledge about Chargeback, Remittance and SE related processes/accounts

• The incumbent will be expected to quickly gain detailed understanding of end to end accounting, inputs, processes, controls, process flows, metrics, risks, SLAs and output of the process

·       The incumbent will be required to participate in standardization and continuous improvement initiatives as well as other business partner initiatives.

• Work closely with business partners (Servicing teams within GPS & CFN) to clear the daily/monthly financial transactions, drive process efficiency and proactively highlight any exposure
• Be able to proactively highlight, communicate and mitigate risks.
• Monitor the trending of the Balance Sheet accounts managed and work with different stakeholders to identify and fix the RCA
• Effectively coordinate with technology for development / automation opportunities
• Ensure compliance with prevailing policies and procedures besides contractual and regulatory requirements as applicable

Minimum Qualifications

• B. Com with 2-4 years or CA/MBA/Post Graduate with 0-2 years of work experience
• Good knowledge of Excel, PowerPoint, AR/ AP platforms (MNS, Genesis, Triumph, Globestar, CARS, ACRE, etc.) and other data applications like Cornerstone, BI tools is a plus
• Good communication and interpersonal skills

Preferred Qualifications

• Good analytical skills and ability to understand the linkages to processes
• Good Accounting knowledge
• Demonstrate leadership skills needed to create, develop and communicate with diverse work force.

We back you with benefits that support your holistic well-being so you can be and deliver your best. This means caring for you and your loved ones' physical, financial, and mental health, as well as providing the flexibility you need to thrive personally and professionally:

• Competitive base salaries
• Bonus incentives
• Support for financial-well-being and retirement
• Comprehensive medical, dental, vision, life insurance, and disability benefits (depending on location)
• Flexible working model with hybrid, onsite or virtual arrangements depending on role and business need
• Generous paid parental leave policies (depending on your location)
• Free access to global on-site wellness centers staffed with nurses and doctors (depending on location)
• Free and confidential counseling support through our Healthy Minds program
• Career development and training opportunities

American Express is an equal opportunity employer and makes employment decisions without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, disability status, age, or any other status protected by law.

Offer of employment with American Express is conditioned upon the successful completion of a background verification check, subject to applicable laws and regulations.