Job Id: 22585912

About FRSS

Finance & Risk Shared Services (FRSS) supports Citi’s Finance function and is responsible for managing diverse finance processes such as Systems Operations, Operational Accounting and Balance Sheet Control, Financial & US Regulatory Reporting, Management Reporting, Treasury Reporting and Basel Operations. FRSS strives to reduce complexity by consolidating and re-engineering end-to-end finance processes globally through data, process and platform standardization. In partnership with Finance, it executes various process transformation initiatives to support Finance’s journey to become Best-in-Class Finance. FRSS provides service to a global customer base through its finance centers in Tampa, Costa Rica, Manila and Mumbai.

Position Title: Financial Analyst
Grade/Level: C11
Business Group: FRSS Charge-Outs – ICG Interest Control
Function/Group: Finance & Risk Shared Services Mumbai
Department: Charge-Outs Mumbai
Location: NKP, Mumbai

Job Description:

Interest control process ensures maintaining the accuracy of the Interest & Dividend Receivables & Payables accounts through monitoring of Control accounts on daily/Monthly basis. This involves investigation of breaks, liaising with the Product Controllers & Ops team for the resolution of control breaks and clearing of suspense breaks

Role:

Maintain the accuracy of the Interest and Dividend Receivable and Payable Accounts
Control function that supports ICG Product Control by maintaining the accuracy of P&L as related to the above balance sheet accounts
Ensure positions are traded with correct accrued interest as related above balance sheet accounts
Ensure seamless flow of BAU activities.
Accounting and adjustment of Interest and Dividend through Control/ Suspense/ Margin Accounts.
Tracking the Maturity Dates for Receipts/Payments of Interest/ dividend and ensuring the payments are received/paid on the Maturity Date.
Performing Review functions to avoid errors in the BAU.
Timely and effective escalation to seniors for any long-standing breaks
Work allocation between team & Providing guidance to the junior team members
Working on reducing the red balances.
Liaising with PCG/Ops teams to get resolution on the variances.
Participate in calls with Stakeholders and explain root cause of breaks and resolution on the same
Analyze the queries raised and ensure solution to the stakeholders

Qualifications:

Bachelors Degree in Accounting/Finance with experience in an Accounting/Finance related position
Chartered Accountant preferred

Skills:

Process & Team management
Strong financial accounting knowledge
Ability to work independently with limited direction
Strong inter-personal skills
Strong Problem solving ability
Knowledge of Citi systems preferred

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Job Family Group:

Finance

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Job Family:

Financial Reporting

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Time Type:

Full time

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Citi is an equal opportunity and affirmative action employer.

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About the company

Citi’s mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. We have 200 years of experience helping our clients meet the world’s toughest challenges and embrace its greatest opportunities. We are Citi, the global bank – an institution connecting millions of people across hundreds of countries and cities

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