As a Barclays USCB Partnership Revenue and Profit Share Accounting - Assistant Vice President, you will play a critical role in ensuring that USCB Partners are compensated appropriately in accordance with contractual revenue/profit share agreements. You will also ensure that the results are accounted for appropriately in Barclays' financial statements.
Barclays is one of the world's largest and most respected financial institutions, with 329 years of success, quality, and innovation behind us. We've helped millions of individuals and businesses thrive, creating financial and digital solutions that the world now takes for granted. An important and growing presence in the USA, we offer careers providing endless opportunity.
We are currently in the early stages of implementing a hybrid working environment, which means that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. We're flexible on how this works and it may continue to change and evolve. Depending on your team, typically this means that colleagues spend a minimum of between 20% to 60% of their time in the office, which could be over a week, a month, or a quarter. However, some colleagues may choose to spend more time in the office over a typical period than their role type requires. We also have a flexible working process where, subject to business needs, all colleagues globally can request work patterns to reflect their personal circumstances.
Please discuss the detail of the working pattern options for the role with the hiring manager.
What will you be doing?
??? Handling monthly quantification, validation, and payment of compensation/revenue-share to 1-2 credit card Partners in accordance with the contractual agreements ??? Applying US GAAP and IFRS principles actively to account for all partner-related activities, including compensation/revenue-share, card member benefits, campaigns, and rewards liability ??? Leading and ensuring all control procedures are followed to maintain an excellent control environment; proposing/ implementing control enhancements as needed ??? Leading and building a knowledge of the end-to-end processes that have an impact of Partner compensation/revenue-sharing to ensure that Partners are compensated appropriately ??? Reviewing and challenging existing processes by being curious and continually asking "why"; identifying automation opportunities ??? Developing and maintaining an excellent relationship with stakeholders across the organization actively to ensure the appropriate accounting treatment for Partner-related activities ??? Working closely with external auditors, SOX, and Controls teams on a regular basis
What we're looking for:
??? Bachelor's Degree, or equivalent ??? Minimum four years of experience working in banking/ financial institutions ??? Advanced Microsoft Excel skills ??? Excellent teamwork, multi-tasking, and communication skills are critical
Skills that will help you in the role:
??? Degree in Finance ??? Experience with accounting for a credit card business, especially CoBrand Partnerships ??? Highly engaged, team player who has a positive approach, can perform under pressure, and meet tight deadlines, and leads by example
Where will you be working?
Barclays' Wilmington campus includes two beautiful buildings located along the historic Wilmington Riverfront. A glance out our windows reveal a scenic look at the Christina River, along with a growing riverfront community of luxury apartments, shops, and restaurants. Additionally, the Wilmington train station is a short walk away making travel from New York and Washington, DC convenient.
