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
Balance Sheet account Substantiation
Post Graduate/ Part qualified accountant.
Minimum of 3 years’ experience in an financial control / reconciliation /accounting environment.