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Company Name : Citi bank

Balance Sheet Substantiation – Officer – C11

  • India

bayt.com

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

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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’
  • 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 Control Governance team, GPL & GPO
  • 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

Education:

Post Graduate

Experience:

Minimum of 8-10 years’ experience in an accounting / financial control environment.

Certifications:

  • Post-Graduation in Finance
  • MBA
  • CFA
  • Qualified CA with 7-8 years of experience
  •  Semi Qualified CA with 8-9 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

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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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Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries (“Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

View the “EEO is the Law” poster. View the EEO is the Law Supplement.

View the EEO Policy Statement.

View the Pay Transparency Posting

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