Citi Hiring for Officer – C09 at Mumbai, Maharashtra Full Time

One of the key controls for ensuring the accuracy of Citi’s P&L is through ensuring the accuracy of its Balance Sheet. The basis for ensuring this accuracy is through the process of substantiating the balances in the general ledger back to supporting documentation on monthly basis.

Lacking good controls over the Balance Sheet Substantiation (BSS) process can result in inaccurate reporting of the company’s Revenues and Expenses and require adjustments including write-offs.

Mumbai BSS team supports various regions such as EMEA countries, India and NAM O&T, LATAM with reconciling, proofing & eRecon submission activities for balance sheet accounts. Currently, the team is handling Full Keys belonging to Finance, Tax, Operation, Treasury, Cash & Fixed Assets.

Role Outline/Job Summary

Ensure the integrity of Balance Sheet accounts through the monthly validation of balances.

Ensure that each account balance is fully substantiated, proofed, aged & submitted in e-Recon.

Identify potential internal control weaknesses.

Ensure compliance with Summaries & BS Directives as rolled out by BSS GPO

Job Description

POSITION TITLE:
Analyst

Grade/Level:
C09

BUSINESS GROUP:
Balance Sheet Proofing

FUNCTION/GROUP:
FRSS

DEPARTMENT:
CSS

LOCATION:
Mumbai

ROLE & RESPONSIBILITIES

Business/ Department

Objectives:
Balance Sheet account Substantiation

Core Responsibilities:
Substantiation/Proofing

Day-to-Day Responsibilities:
Preparation of Balance Sheet reconciliations for numerous legal vehicles across EMEA to a high standard in line with Corporate guidelines

Responsible for the follow up and resolution of reconciling items

Responsible for the accurate reporting of the status of the reconciliations owned into Citi reporting tool ‘eRecon’

Communicating with Account Owners & Legal Entity Managers across multiple locations on the status of the reconciliations performed

Escalating any account related issues to Regional Balance Sheet Control

Financial/ Budgetary:
No

Individual Contributor (IC)/Managerial

IC

Key Deliverables:
Same as above

Percentage of Travel:
No Yes, 10% of the Time Yes, 25% of the Time

Yes, 50% of the Time Yes, 75% of the Time Yes, 100% of the Time

Relocation:
No

Other:
QUALIFICATIONS

Required

Preferred

Education:
Post Graduate/ Part qualified accountant.

Knowledge of Citi is desirable but not required.

Experience:
Minimum of 3 years’ experience in an financial control / reconciliation /accounting environment.

Certifications:
Post-Graduation

MBA

1-2 years qualified CA or experienced/ Semi Qualified CA

Skills:
Analytical skills

Strong communicator (oral / written)

Hands-on experience in MS office

Other:
Ability to meet deadlines

Ability to use own initiative to resolve issues

Ability to communicate effectively across all levels

ORGANIZATIONAL RELATIONSHIPS

Reports to

Direct:
C12, Assistant Vice President

Matrix:
NA

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Job Family Group:
Finance

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Job Family:
Financial Reporting

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Time Type:
Full time

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