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Finance Acctg Specialist – C5

  • @Citi posted 3 weeks ago
  • Posted : 06/10/2021 -Accepting applications
  • View(s) 4

Job Description

  • About (Balance Sheet Substantiation)

    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:

    Finance Accounting Specialist

    Grade/Level:

    C05

    BUSINESS GROUP:

    Balance Sheet Substantiation

    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

      QUALIFICATIONS

      Required

      Preferred

      Education:

      Post Graduate/ Part qualified accountant.

      Knowledge of Citi is desirable but not required.

      Experience:

      Minimum of 1-3 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

Job Family Group:

Finance

Job Family:

Financial Accounting

Time Type:

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Required skills