Balance Sheet Proofing

**About (Balance Sheet Proofing)**
- 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 Proofing (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_

**POSITION TITLE**:
Assistant Vice President

**Grade/Level**:
C12

**BUSINESS GROUP**:
Balance Sheet Proofing

**FUNCTION/GROUP**:
FRSS

**DEPARTMENT**:
CSS

**LOCATION**:
Mumbai

**ROLE & RESPONSIBILITIES**
- Business/ Department_
- Objectives:_

Balance Sheet accounts Proofing
- Core Responsibilities:_

Proofing/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, 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
- 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 10 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 communicator
- Drives Client Values & Results
- Proactive updating and Stakeholder Management
- Work as a partner
- Accountable for job responsibility and drives execution
- Demonstrates effective project management and presentation skills
- Expert in MS Office tools

Power BI
- Other:_
- 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:_
- C12, Assistant 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 # ____________**
- **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.

View the "**EEO is the Law**" poster. View the **EEO is the Law Supplement**.

View the **EEO Policy Statement**.

View the **Pay Transparency Posting