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

The Finance Acctg Group Manager is accountable for management of complex/critical/large professional disciplinary areas. Leads and directs a team of professionals. Requires a comprehensive understanding of multiple areas within a function and how they interact in order to achieve the objectives of the function. Applies in-depth understanding of the business impact of technical contributions. Strong commercial awareness is a necessity. 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.

The Global Software Controller will be responsible for the end to end Internally Development Software Accounting and Finance process.  This will include all aspects of the Software Development Lifecycle including reconciling various systems within the process to allocations of related costs and expenditures.  The Software Controller will also oversee the end-to-end process for Purchased Software.  The Controller is responsible for the accuracy of financials in compliance with US GAAP, specifically this role will be responsible for and focus on the accuracy over Accounting for Software Internally Developed and acquired from an outside party.  This includes leading related External and Internal Audit engagements throughout the year.   

This is a manager position that will supervise members of the Software team, create objectives for the team, review work product and provide feedback, set deadlines and strategic planning to ensure goals and objectives are met, ensure team processes, procedures and controls are operating effectively and efficiently to mitigate risk.   This position will partner with lead Software Controllers in multiple locations and create certain KPIs and presentations on related objectives.   The position will be expected to present related documents to Senior Management across the Controller organization as well as the Lead Financial Officer (LFO), FP&A, Technology, etc.    This also includes partnership with regional controller team to ensure respective regions have financial integrity.  Partner with Accounting Policy to ensure complex processes are accounted for correctly.  Ensure integrity and accuracy of Financial Statements along with robust underlying Process Controls.  Review, monitor, and maintain the integrity of financial processes for Technology 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.

As part of this role, the responsible Controller will be expected to compile and present monthly KPIs and other process documents to the Management team.  KPIs and other process documents include but not limited to Team Key Updates, Accomplishments, Areas of Focus, Challenges/ Issues, Technology/ System enhancements and issues, as well as process controls such as Balance Sheet Substantiation and other reconciliation decks and highlights.    

The Global Software Controller will have ownership and execution of Risk & Control initiatives, including quarterly Manager Control Assessment (MCA) process.   Process reviews will be necessary to assess financial statement risk as well existing controls in place to mitigate that risk and recommend, implement and execute heightened controls to further strengthen processes and enhance the overall control environment. 

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.
• 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 country 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.
• 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, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Qualifications:

• 10+ years of relevant experience
• Professional qualifications such as ACA, ACCA, CIMA or equivalent
• Ability to communicate and coordinate effectively with a wide range of people across different functions and levels of seniority. Analytical skills are a must. Ability to manage and lead a team. Be able to work independently w
• Consistently demonstrates clear and concise written and verbal communication skills
• Self-starter who proactively seeks to improve existing controls and streamline processes both from a tactical short term viewpoint, and also from a strategic long term perspective
• Proven track record of leading successful initiatives and driving change. This candidate will be a strong leader with excellent people leadership, relationship management and communication skills.
• Candidate must be able to assess team readiness levels and coach accordingly and at times influence without authority.
• Have the ability to adapt quickly in a complex, matrixed environment, have good business judgment, be able to assess the issues, and be decisive.
• Practical knowledge of US GAAP, including Accounting for Software Costs, Knowledge of Financial / Regulatory Reporting
• The individual must possess excellent analytical, interpersonal and problem solving skills as well as have the ability to communicate effectively at many different levels of management.
• Excellent research, analytical, organization and drafting skills. Fast thinker/ quick learner and possess the ability to work effectively in a rapidly changing environment in order to meet deadlines.
• The successful candidate will have the ability to multi-task, manage multiple priorities, have attention to detail, be hands-on, and produce superior quality work.
• Experience partnering with multiple businesses as well as the ability to influence key stakeholders without authority, and team up with colleagues at all levels.
• Superior computer skills, ability to handle large data sets and work with new systems

Education:

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

The function will also include closing the accounting books, conduct month-end and quarter-end analysis, supervise account reconciliation of the Technology balance sheet, management of account balances, conducting deep dive into aged items, ensure financial statements reflect a complete and accurate picture.

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.

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