Manager (Finance) - Global Bonus - IFS - Colombo

IFS is a billion-dollar revenue company with 6000+ employees on all continents. Our leading AI technology is the backbone of our award-winning enterprise software solutions, enabling our customers to be their best when it really matters–at the Moment of Service™. Our commitment to internal AI adoption has allowed us to stay at the forefront of technological advancements, ensuring our colleagues can unlock their creativity and productivity, and our solutions are always cutting-edge.
At IFS, we’re flexible, we’re innovative, and we’re focused not only on how we can engage with our customers but on how we can make a real change and have a worldwide impact. We help solve some of society’s greatest challenges, fostering a better future through our agility, collaboration, and trust.
We celebrate diversity and understand our responsibility to reflect the diverse world we work in. We are committed to promoting an inclusive workforce that fully represents the many different cultures, backgrounds, and viewpoints of our customers, our partners, and our communities. As a truly international company serving people from around the globe, we realize that our success is tantamount to the respect we have for those different points of view.
By joining our team, you will have the opportunity to be part of a global, diverse environment; you will be joining a winning team with a commitment to sustainability; and a company where we get things done so that you can make a positive impact on the world.
We’re looking for innovative and original thinkers to work in an environment where you can #MakeYourMoment so that we can help others make theirs. With the power of our AI-driven solutions, we empower our team to change the status quo and make a real difference.
If you want to change the status quo, we’ll help you make your moment. Join Team Purple. Join IFS.

Job Description

Overview:

We are seeking a meticulous and detail-oriented Bonus Calculation Specialist to join our team. This role is pivotal in ensuring the accurate and timely calculation of bonus accrual and payment values across multiple legal entities. The ideal candidate will possess a strong understanding of bonus calculation complexities and excel in managing global bonus-related queries and issues.

Responsibilities:

-Accurate and Timely Bonus Calculations: Responsible for the precise computation of bonus accrual and payment values according to established criteria. Collaborate closely with the regions to validate performance metrics and financial targets, ensuring bonuses are disbursed within deadlines.
-Global Point of Contact: Act as the primary contact for all bonus-related inquiries and issues globally. Address queries promptly and effectively, providing clear explanations and resolutions to maintain stakeholder satisfaction and clarity.
-Comprehensive Understanding: Understand the intricacies of all elements involved in bonus calculation and payment. Stay updated on changes in bonus structures and policies, ensuring compliance with legal and regulatory requirements.
-Monthly Accrual Reporting: Prepare and communicate month-end accrual values to Finance departments across various legal entities. Coordinate with teams globally to consolidate accrual data accurately before submission, ensuring alignment with organizational reporting standards.
-Support for Reporting and Audits: Assist in compiling data and documentation for bonus-related reports. Facilitate audits by providing comprehensive information and explanations, ensuring transparency and accuracy in all reporting activities.
-Data Integrity Management: Continually review the integrity of source data used in bonus calculations. Monitor data inputs rigorously, identify discrepancies, and take corrective actions promptly to maintain data accuracy and reliability.

Qualifications

-Bachelor’s degree in accounting, Finance, Business Administration, or related field (or equivalent work experience).
-4-5 years of proven experience in Compensation (Preferable) or financial analysis role.
-Strong analytical skills with meticulous attention to detail.
-Excellent communication and interpersonal skills, with the ability to effectively interact with stakeholders at all levels.
-Proficiency in Microsoft Excel and Power BI
-Ability to work independently, prioritize tasks, and manage time effectively in a fast-paced environment.

Additional Information

We believe that coming together as a community, in person, is important for innovation, connection and fostering a sense of belonging. Our roles have the right balance of remote and in-office working to enable flexibility for managing your life along with ensuring a real connection with your colleagues and the broader IFS community.