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 reconciling the balances in the general ledger back to supporting documentation on monthly basis.
Lacking good controls over the Balance Sheet Reconciliation (BSR) process can result in inaccurate reporting of the company's Revenues and Expenses and require adjustments including write-offs.
Mumbai CCRU - BSR team supports various regions such as APAC, EMEA countries, LATAM with reconciling, proofing & eRecon submission activities for balance sheet accounts. Currently, the team is handling Full Keys belonging to various segments i.e. Wealth, Services, Markets & Shared, Banking & Legacy Franchises, US Private Banking & Corporate Functions
Ensure the integrity of Balance Sheet accounts through the monthly validation of balances.
Ensure that each account balance is fully reconciled, proofed, aged & submitted in e-Recon.
Identify potential internal control weaknesses.
Ensure compliance with Balance Sheet Reconciliation & Substantiation policy & Minimum Standards as rolled out by BSS BSG
Business/ Department
Objectives:
CCRU - Balance Sheet Account Reconciliations
Core Responsibilities:
Reconciliation
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
Required
Education:
Post - Graduate/ Semi Qualified Accountant.
Experience:
Minimum of 3 - 5 years’ experience in any financial control / reconciliation /accounting environment.
Certifications:
- Post-Graduation in Finance & Accounting (min 3 years)
- MBA (min 3 years)
- 3 years qualified CA or experienced/ Semi Qualified CA (4-5 years)
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
.
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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 Mumbai, Maharashtra, IND Office
Bandra Kurla Complex Road, Mumbai, Maharashtra, India, 400051
