Finance Acctg Lead Analyst - C13 - MUMBAI

The Finance Acctg Lead Analyst is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. Requires basic commercial awareness. There are typically multiple people within the business that provide the same level of subject matter expertise. 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. Significant impact on the area through complex deliverables. Provides advice and counsel related to the technology or operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.

The Finance Accounting lead is accountable for management of complex/critical/large professional disciplinary areas within Corporate Functions Controllers including Corporate Insurance & Risk Management. Excellent internal and external communication and negotiation skills will be necessary including to and with third-party collaborators, vendors and key stakeholders. Involved in short-to medium-term planning of actions and resources for own area.  Responsibility for financials, planning/budgeting, close, consolidation, reporting and other functions as required. Has responsibility for volume, quality, timeliness and delivery of end results of an area, including leading a small team to accomplish desirable results.

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.

• Provides advises on directional strategy by analyzing subject matter and its application in own job and the business.

• Acts as a technical expert who acts as an advisor on significant business/product decisions.

• Take responsibility for the accurate reporting of accounting reconciliations on Citi reporting tools.

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

• Focuses on the implementation of policies and procedures.

• 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 progress on assigned process completion.

• Identify and appropriately highlight / escalate potential issues relating to account with stakeholders such as Regional Balance Sheet control group / Country controllers / Global process lead (GPL) and Global process owner (GPO) and work with them for resolution.

• Applies in-depth understanding of concepts and procedures within own area and advanced knowledge of other areas to resolve issues that have impact beyond own area.

• 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.

• Persuades and influences others through strong communication and diplomacy skills.

• Has the ability to operate with a limited level of direct supervision.

• Can exercise independence of judgement and autonomy.

• Acts as SME to senior stakeholders and /or other team members.

• 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

• 8-10 years of experience in accounting management with commensurate stakeholder management experience

• Excellent team leadership and partnership skills:  ability to work with and influence senior management across multiple levels of the organization.

• Excellent communication skills, including writing and presentation.The ability to understand and articulate complex financial concepts.

• Strong analytical and strategic thinking with excellent hands-on MS Excel skills, experience on automation and transformation projects is a 'plus'.

• Ability to supervise and lead a team.

• Ability to manage and prioritize effectively and resolve conflicting priorities.

• A pro-active self-starter who can continue to push concepts forward with minimal guidance.

Education:

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

Supports and manages the management and control data flows to and within Finance applications to ensure integrity and completeness of data, including by preparing and recording or reviewing financial transactions for legal vehicle and regulatory reporting purposes, updating the general ledger, recording financial transactions, and preparation of consolidated financial statements, in accordance with management reporting requirements, for legal vehicle & regulatory purposes. Also, includes specialized insurance accounting, expense accounting and investment accounting as well as general controllership responsibilities.

• Ensuring that financial controls are identified and in place for all key processes and that any control weaknesses/issues are appropriately addressed and escalated with a remediation plan defined.

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

• Establish consistent processes and maintain a strong control environment including review and update of procedures, MCA assessments, etc.

• Ensure general controls which are not finance division specific, but applicable to entire finance are coordinated and reviewed on regular basis (e.g. Entitlement Reviews, Continuity of Business, Intercompany Service Agreements, End User Computing applications).

• Additional responsibilities will include other controllership responsibilities within Corporate Functions Controllers, such as responding to accounting questions and inquiries, any required policy changes, identifying opportunities and leading transformation projects, driving process and control standardization, and the development of improved processes and controls.

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