Officer- C11 Balance Sheet Substantiation

1 week ago

Mumbai, India Citi Full time

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
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’
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
Proactive Stake Holder Management e.g. Country Controllers, Balance Sheet Control Governance team, GPL & GPO
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
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- **Job Family Group**: Finance
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- **Job Family**: Financial Reporting
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- **Time Type**:

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