Finance Accounting Manager - C14 - Senior Vice President - Mumbai - Open

The Finance Acctg Sr. Lead Analyst is a strategic professional who closely follows latest trends in own field and adapts them for application within own job and the business. Typically a small number of people within the business that provide the same level of expertise. Excellent communication skills required in order to negotiate internally, often at a senior level. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Accountable for significant direct business results or authoritative advice regarding the operations of the business. Necessitates a degree of responsibility over technical strategy. Primarily affects a sub-function. Responsible for handling staff management issues, including resource management and allocation of work within the team/project.

Responsibilities:

• Supports the management and control data flows to and within Finance applications to ensure integrity and completeness of data, including by preparing and recording financial transactions for legal vehicle and regulatory reporting purposes, updating the general ledger, recording financial transactions, and preparing of consolidated financial statements, in accordance with management reporting requirements, for legal vehicle & regulatory purposes. Also, includes specialized accounting, such as equity compensation, securitization, payroll and investment accounting.

• Strategic professional who advises on directional strategy by analyzing subject matter and its application on multiple business lines / areas.

• Focuses on defining and implementation of policies and procedures.

• Acts as technical authority for multiple business guiding on significant business/product decisions.

• Responsible for all areas of financial and management reporting, planning, and analysis.

• Review and examine key controls for accounting process across multiple business.

• Partner with key stakeholders including legal entity managers, e.g. Country, Balance Sheet control group (BSCG), Global process lead (GPL) & Global process owner (GPO) across multiple locations communicating strategy and action plans.

• Demonstrates an advanced understanding of how multiple process collectively integrate to contribute to achieving business goals.

• Directly impacts the leadership in multiple process through responsibility for delivery of end results leading to business solutions.

• Ensures essential procedures are followed and contributes to defining standards.

• Provides assurance and partners with audit team to monitor controls and accuracy of accounting.

• Uses communication and diplomacy to guide and influence others, in particular colleagues in other areas and external customers.

• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

• Chartered Accountant (CA) / Master in business administration (MBA)/ Certified Public Accountant (CPA) or equivalent combination of education

• 10+ years of experience in accounting management with commensurate stakeholder management experience

Education:

• Bachelor’s/University degree, Master’s degree preferred

Global Controller responsibilities for the Operations and Technology (O&T) group, including closing the accounting books, conduct month-end and quarter-end analysis, supervise account reconciliation of O&T balance sheet, management of account balances, conducting deep dive into aged items, ensure financial statements reflect a complete and accurate picture.

Month/Quarter/Year-end P&L Reporting and Commentary for seniors. Communicate to key partners in Controllers, Financial Planning & Analysis (FP&A) and Technology the financial results for the month, along with variance commentaries.  Partner with regional controllers to ensure respective regions have financial integrity.  Partner with Accounting Policy to ensure complex deals are accounted for correctly.  Ensure integrity and accuracy of Financial Statements along with robust underlying Process Controls.  Perform periodic Expense / EBIT analysis to ensure superior support to the O&T Business and to FP&A.  Review, monitor, and maintain the integrity of financial processes for O&T on a global basis, focusing on development and application of consistent best practice controls, and for maintaining compliance of these controls within various regulatory requirements and Citi policies.

Ownership and execution of Risk & Control initiatives, including quarterly Manager Control Assessment (MCA) process. Balance sheet control, including monitoring and review of aged accounts, Prepaid, Accruals, Other Assets and Liabilities, etc. Assisting in the review and submission of regulatory reports in accordance with US GAAP.  Ensure financial statements reflect a complete and accurate picture for Citi s internal and external reporting. Perform financial due diligence on large deals & transactions that impact segment’s profit & loss accounts as well as cash flows, and the balance sheet including analyzing third party vendor contracts.

Generally accountable for delivery of a full range of services to one or more businesses/ geographic regions. Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication may be necessary. Accountable for the end results of an area. Exercises control over resources, policy formulation and planning. Primarily affects a sub-function. Involved in short- to medium-term planning of actions and resources for own area. Full management responsibility of a team or multiple teams, including management of people, budget and planning, to include performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval.

Responsibilities:

• Supports the management and control data flows to and within Finance applications to ensure integrity and completeness of data, including by preparing and recording financial transactions, updating the general ledger, recording financial transactions, and preparing of consolidated financial statements, in accordance with management reporting requirements, for legal vehicle & regulatory purposes. Also, includes specialized accounting, such as equity compensation, payroll and investment accounting.

• Ensuring that financial controls are in place for all key processes and that any control weaknesses are appropriately addressed and escalated.

• Understand the impact of new requirements and comply with new control requirements.

• Establish consistent processes and a strong control environment, review procedures and MCA assessments.

• Ensure PRC is appropriate and up to date and review ARA on annual basis with key stakeholders.

• Ensure control issues are effectively identified and escalated.

• Identify and evaluate design and operating control deficiencies; and ensure that control issues are effectively identified and escalated.

• Ensure that there is a resolution plan for all identified and escalated issues.

• Prepare control guidelines and train controllers on how to apply.

• Review on regular basis all Minimum Requirements to make sure they performed in line with ARA.

• Focus on and co-ordinate deep dives (in-depth reviews) across business areas and countries, to identify control deficiencies, best practice and consistency of approach; Document results of the evaluation and propose and drive implementation of solutions to correct deficiencies.

• Ensure regular month end file reviews are taking place in order to identify any control gaps.

• Coordinate Audit preparation work with countries.

• Ensure general controls which are not finance division specific, but applicable to entire finance are coordinated and reviewed on regular bases (e.g. EERS, COB, ICSA, EUC).

• Monitoring of CAPs/IMR’s.

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