Officer C11

About (Balance Sheet Reconciliation)

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 reconciling the balances in the general ledger back to supporting documentation on monthly basis. 

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

Mumbai BSR team supports various regions such as APAC, EMEA countries, LATAM with reconciling, proofing & eRecon submission activities for balance sheet accounts. Currently, the team is handling Full Keys belonging to various segments i.e.  Wealth, Services, Markets & Shared, Banking & Legacy Franchises, US Private Banking & Corporate Functions

Role Outline/Job Summary

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

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

Identify potential internal control weaknesses.

Ensure compliance with Balance Sheet Reconciliation & Substantiation policy & Minimum Standards as rolled out by BSS BSG

Job Description

POSITION TITLE:

Officer (Finance Acctg Intmd. Analyst)

Grade/Level:

C11 (Manager)

BUSINESS GROUP:

Balance Sheet Reconciliation

FUNCTION/GROUP:

Finance

DEPARTMENT:

Finance

LOCATION:

Mumbai

ROLE & RESPONSIBILITIES

Business/ Department

Objectives:

Balance Sheet Account Reconciliations

Core Responsibilities:

Reconciliation/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’
• Able to articulate own process along with its key controls. Uses evidence to support reasoning.
• Communicating with Legal Entity Managers across multiple locations on the status of the reconciliations performed
• Escalating any account related issues to Regional Balance Sheet Control
• Proactive Stake Holder Management e.g. Country Controllers, Balance Sheet Governance team, Account Owners & Exception Owners
• Provides high quality updates and problem resolution over emails
• Participates in cross functional initiatives at a Center Level
• Takes charge of own training needs and develops training plan. Proactively discusses IDP's with span of control leader and acts on the feedback
• Interacts effectively in team meetings, providing constructive and relevant inputs
• Provides vocal leadership. Encourage team members and colleagues to speak up
• Is instrumental in building trust and confidence within the team and is approachable to the team

QUALIFICATIONS

Education:

Post Graduate

Knowledge of Citi is desirable

Experience:

Minimum of 10-13 years’ experience in an accounting / financial control environment.

Certifications:

• Post-Graduation in Accounting & Finance (min 10 yrs)
• MBA (min 10 yrs)
• CFA (min 10 yrs)
• Graduation in Accounting & Finance (min 13 yrs)
• Qualified CA with min 8 years of experience
•  Semi Qualified CA with min 10 years of experience

Skills:

• Very Strong Analytical skills
• Very Strong communicator (oral / written)
• Drives Client Values & Results
• Proactive troubleshooting and Stake Holder Management
• Work as a partner
• Effective presentation skills including presenting at cross functional forums

Other:

• Ability to supervise and Guide junior members
• Understands and acknowledges the work pressure environment
• Ability to use own initiative to resolve issues
• Ability to communicate effectively across all levels
• Lead Change & build great teams