3 days old

Officer - C09

**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**






Balance Sheet Substantiation








_Business/ Department_


Balance Sheet account Substantiation

_Core Responsibilities:_


_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:_


_Individual Contributor (IC)/Managerial_


_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








Post Graduate/ Part qualified accountant.

Knowledge of Citi is desirable but not required.


Minimum of 3 years experience in an financial control / reconciliation /accounting environment.


+ Post-Graduation


+ 1-2 years qualified CA or experienced/ Semi Qualified CA


+ Analytical skills

+ Strong communicator (oral / written)

+ Hands-on experience in MS office


+ Ability to meet deadlines

+ Ability to use own initiative to resolve issues

+ Ability to communicate effectively across all levels


_Reports to_


_C12, Assistant Vice President_














_Career Progression:_

_(Please highlight how the role would add value to the incumbent and what could be his potential next assignments)_


_Bonus/Incentive Eligible:_


**_Requisition/ ERMS # ________________________**

**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:**



**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 (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)** .

View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .

View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo\_aa\_policy.pdf) .

View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\_%20English\_formattedESQA508c.pdf)
Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.


Posted: 2022-05-13 Expires: 2022-06-12

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