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At Amazon, we are working to be the most customer-centric company on earth. To get there, we need exceptionally talented, bright, creative and driven people. If you would like to help us build the place to find and buy anything online, this is your chance to make history. Finance is all about the numbers … unless you work at Amazon it is about knowing the numbers and so much more. Finance is not just a reporting function, but a core part of the business, developing strong partnerships and creating value through insightful analyses. If you view problems as treasures and enjoy diving deep to identifying root causes and developing long-term, scalable solutions, this is the job for you!

Amazon is seeking a Senior FinOps Analyst L3 level to support the India Marketplace pre-payment (Nodal) related reconciliations, regulatory reporting and accounting activities.
Amazon India marketplace offers various digital payment modes for customers while placing the orders on platform. These digital payment methods are called as Nodal accounts and currently includes A.in, Login and Pay with Amazon (LPA), India Payment Gateway (IPG), Online payment gateway service provider (OPGSP) for offshore payments and Amazon Pay/Escrow for Amazon wallet accounts. The Reserve Bank of India (RBI) highly regulates these modes of payments to safeguard the interests of customers and sellers and these accounts are subject to concurrent audit by external audit agency appointed by the Nodal Bank.
The key job responsibilities would include the below for India Payment Gateway (IPG) Nodal accounts :
1.The role holder’s key responsibility is to timely complete accurate substantiation of closing balances in the IPG nodal account and its further review and approvals from Payments Finance leadership team. The role holder works along with Transaction Settlement Unit (TSU) team to obtain audit certificates without any observation / qualification from regulatory auditors for nodal account operations.
a) Monthly substantiation of nodal account bank balance and Investigation and closure of open items,
b) Single point of contact from FOAA for all audit requirements and providing audit support like weekly annexures submission for T+3, debit and credit checks (disbursements, remittance reports, bank reconciliation, T+3 settlement report, CAM Analysis)
c) Payment processor Fees validation, Cost of Payment (COP) Analysis (to ensure payment partner are charged as per agreement), weekly Amazon Commission withdrawal computation with auditor approvals.

2.The role holder is also responsible for managing the daily bank reconciliations, refunds and remittances validation process.

3.The role requires to focus on invent and simplify by way of identifying opportunities to improve, standardize and automate various processes as well as regular reporting. The role expects delivering key insights with minimal guidance from stakeholders or managers, demonstrate ownership by taking issues to closure working in partnership with different business teams. The role requires strong dive deep skills.

4.Controllership is your top priority. The role requires implementing appropriate control checks, testing all daily reconciliations and reports for accuracy and ensuring timely delivery of the same. The role holder is also a SPOC for UAT of the launch of new systems, transitions to support business growth, to ensure correct and accurate flow of data, highlight issues before launch and work collaboratively with the technical teams to fix the root causes to enable successful launches by Nodal program management team.

5.Dive deep to ensure reporting accuracy and regularly audit your work. Proactively make reporting improvements to scale and improve accuracy. Deliver results by building financial models that solve complex business questions and may have global impact. Ability to influence decision-making by formulating and executing financial analysis and identifying root causes that impact business performance. You share findings with business leaders, seeking input from your manager when needed. You are continuously developing and applying your business acumen and financial knowledge (including financial/tax-related regulations) to analyses and reporting. You are learning how data flows through our financial platforms and applying knowledge to analyses.

6. Develop working relationships with business partners, managers, and peers. Collaborate and seek guidance from finance or business experts outside of your direct field. Independently prioritize work, resolve issues, meet deadlines, and seek feedback from your manager when conflicts arise. Show bias for action, discerning between urgent and non-urgent issues.

7.Additionally, the role requires collaborating with multiple teams and business partners across operational teams like (TSU / aka Payments team), Financial Accounting Substantiation Tool (FAST) technology, Central
accounting, OTC and Payments Bizops teams. The role entails leading calls/meetings with the senior stakeholders including weekly business review (WBR) meetings.

BASIC QUALIFICATIONS

B.Com/ M.Com /MBA with 4+ years of experience in Banking, Accounting, Financial stream, compliance, regulatory reporting roles.
Experience in financial accounting systems and accounting process with hands on experience of reconciliation of financial books
Strong communication and interpersonal skills – including written and oral communication skills. ability to meet tight deadlines and efficiently interact with various groups across the company
Zeal towards Operational Excellence/Process improvement & simplifications. strong interpersonal skills, the ability to multitask and self-motivate.
Excellent knowledge of financial controls and procedures, US GAAP knowledge would be plus
PC literate with advance level excel and other MS office products

PREFERRED QUALIFICATIONS

Experience in data-driven business operations processes where associates are required to handle large volume of data as part of their daily tasks and take decisions based on analysis of such data
Experience working on process improvement processes like Six Sigma, Kaizen etc. is a plus


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