Job Description
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:
Sr. Analyst
Grade/Level:
C10
BUSINESS GROUP:
Balance Sheet Substantiation
FUNCTION/GROUP:
FRSS
DEPARTMENT:
CSS
LOCATION:
Mumbai
ROLE & RESPONSIBILITIES
Business/ Department
Objectives:
Balance Sheet accounts 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
Connecting with various input providers for proofing within given deadline
Communicating with Legal Entity Managers across multiple locations on the status of the reconciliations performed
Escalating any account related issues to Regional Balance Sheet Control
Proactive Stake Holder Management e.g., Country, BSCG, GPL & GPO
Provides high quality updates and problem resolution over emails
Participates in cross functional initiatives at a Center Level
Takes charge of own training needs and develops training plan. Proactively discusses IDP's with span of control leader and acts on the feedback
Individual Contributor (IC)/Managerial
IC
QUALIFICATIONS
Required
Preferred
Education:
Postgraduate/ Part qualified accountant.
Knowledge of Citi is desirable but not required.
Experience:
Minimum of 6-7 years’ experience in an accounting environment.
Certifications:
Post-Graduation
MBA
CPA
Qualified CA with 5-6 years of experience
Semi Qualified CA with 7-8 years of experience
Skills:
Strong Analytical skills
Very Strong communicator (oral / written)
Drives Client Values & Results
Proactive updation and Stake Holder Management
Work as a partner
Hands-on experience in MS office
Other:
Ability to meet deadlines
Ability to work independently
Ability to supervise and Guide junior members
Ability to use own initiative to resolve issues
Ability to communicate effectively across all levels
Act as a troubleshooter
To know more about Citi, We encourage you to visit our career website @ www.online.citibank.co.in/careers/citi-india.htm
-
Job Family Group:
Finance
-
Job Family:
Financial Accounting
-
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, ****** 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
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:
Sr. Analyst
Grade/Level:
C10
BUSINESS GROUP:
Balance Sheet Substantiation
FUNCTION/GROUP:
FRSS
DEPARTMENT:
CSS
LOCATION:
Mumbai
ROLE & RESPONSIBILITIES
Business/ Department
Objectives:
Balance Sheet accounts 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
Connecting with various input providers for proofing within given deadline
Communicating with Legal Entity Managers across multiple locations on the status of the reconciliations performed
Escalating any account related issues to Regional Balance Sheet Control
Proactive Stake Holder Management e.g., Country, BSCG, GPL & GPO
Provides high quality updates and problem resolution over emails
Participates in cross functional initiatives at a Center Level
Takes charge of own training needs and develops training plan. Proactively discusses IDP's with span of control leader and acts on the feedback
Individual Contributor (IC)/Managerial
IC
QUALIFICATIONS
Required
Preferred
Education:
Postgraduate/ Part qualified accountant.
Knowledge of Citi is desirable but not required.
Experience:
Minimum of 6-7 years’ experience in an accounting environment.
Certifications:
Post-Graduation
MBA
CPA
Qualified CA with 5-6 years of experience
Semi Qualified CA with 7-8 years of experience
Skills:
Strong Analytical skills
Very Strong communicator (oral / written)
Drives Client Values & Results
Proactive updation and Stake Holder Management
Work as a partner
Hands-on experience in MS office
Other:
Ability to meet deadlines
Ability to work independently
Ability to supervise and Guide junior members
Ability to use own initiative to resolve issues
Ability to communicate effectively across all levels
Act as a troubleshooter
To know more about Citi, We encourage you to visit our career website @ www.online.citibank.co.in/careers/citi-india.htm
-
Job Family Group:
Finance
-
Job Family:
Financial Accounting
-
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, ****** 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
💡 Quick Summary
Seeking a career-building opportunity? The BSS Officer |C10 position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
