**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, NAM & 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 & Suspense._


**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:**


Vice President


**Grade/Level:**


C13


**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:_


+ 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

+ Able to articulate own process along with its key controls. Uses evidence to support reasoning.

+ 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

+ Identify root cause issues and independently manage corrective action plan to mitigate risks

+ Proactive Stake Holder Management e.g. Country Controllers, Balance Sheet Control Governance team, GPSM & 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

+ Interacts effectively in team meetings, providing constructive and relevant inputs

+ Provides vocal leadership. Encourage team members and colleagues to speak up

+ Is instrumental in building trust and confidence within the team and is approachable to the team


_Financial/ Budgetary:_


_No_


_Individual Contributor (IC)/Managerial_


_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


_Relocation:_


_No_


_Other:_


**QUALIFICATIONS**


Required


Preferred


_Education:_


Account Professional


Knowledge of Citi is desirable


_Experience:_


Minimum of 15 years of experience in a financial control / accounting environment.


In current capacity acting as a Legal Entity Controller / Country Controller


_Certifications:_


+ MBA

+ CA/ CPA /CFA


_Skills:_


+ Very Strong Analytical skills

+ Very Strong Articulation skills

+ Drives Client Values & Results

+ Proactively updating senior stake holders

+ Work as a partner

+ Accountable for job responsibility and drives execution

+ Demonstrates effective project management and presentation skills

+ Expert in MS Office tools

+ Hands on Experience in SAP/Oracle/ERP environment


Power BI


_Other:_


+ Direct supervision of 20 team members or more

+ Ability to supervise and Guide junior members

+ Understands and acknowledges the work pressure environment

+ Ability to use own initiative to resolve issues

+ Ability to communicate effectively across all levels

+ Lead Change & build great teams


**ORGANIZATIONAL RELATIONSHIPS**


_Reports to_


_Direct:_


_C14, Senior Vice President_


_Matrix:_


_NA_


_Supervises_


_Direct:_


_NA_


_Matrix:_


_NA_


_Partnerships_


_Internal:_


_NA_


_External:_


_NA_


**DEVELOPMENT**


_Career Progression:_


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


**COMPENSATION**


_Bonus/Incentive Eligible:_


**ADDITIONAL NOTES, IF ANY**


**_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:**


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 (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.