Skip to main content

Careers

COVID-19:

The health and safety of our colleagues and candidates for employment are our highest priority. Accordingly, Citi continues to monitor the COVID-19 situation closely. We have implemented precautionary measures across our firm globally, including conducting all candidate interviews virtually on a temporary basis until further notice where needed.

Officer - C09

Job Req ID 22511593 Location(s) Mumbai, India Job Category Finance
Apply Now

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:

Analyst

Grade/Level:

C09

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

Financial/ Budgetary:

No

Individual Contributor (IC)/Managerial

IC

Key Deliverables:

Same as above

Percentage of Travel:

 No                                  Yes, 10% of the Time       Yes, 25% of the Time 

Yes, 50% of the Time  Yes, 75% of the Time       Yes, 100% of the Time

Relocation:

No

Other:

QUALIFICATIONS

Required

Preferred

Education:

Post Graduate/ Part qualified accountant.

Knowledge of Citi is desirable but not required.

Experience:

Minimum of 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

ORGANIZATIONAL RELATIONSHIPS

Reports to

Direct:

C12, Assistant Vice President

Matrix:

NA

-------------------------------------------------

Job Family Group:

Finance

-------------------------------------------------

Job Family:

Financial Reporting

------------------------------------------------------

Time Type:

Full time

------------------------------------------------------

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

Apply Now
  • Join our team
    of 220,000+
    strong diverse employees

  • Socially minded employees volunteering in communities across 90 countries

  • Meaningful career opportunities thanks to a physical presence in over 95 markets

We foster a culture that embraces all individuals and encourages diverse perspectives, where you can make an impact and grow your career. At Citi, we value colleagues that demonstrate high professional standards, a strong sense of integrity and generosity, intellectual curiosity, and rigor. We recognize the importance of owning your career, with the commitment that if you do, we promise to meet you more than half way.

Saved Jobs

You have no saved jobs

Previously Viewed Jobs

You have no viewed jobs