Citi Group SVP Finance Accounting Group Manager 

United States, New York 

756592395

Responsibilities:

• Supports the management and control data flows to and within Finance applications to ensure integrity and completeness of data, including by preparing and recording financial transactions for legal vehicle and regulatory reporting purposes, updating the general ledger, recording financial transactions, and preparing of consolidated financial statements, in accordance with management reporting requirements, for legal vehicle & regulatory purposes. Also, includes specialized accounting, such as equity compensation, securitization, payroll and investment accounting.
• Ensuring that financial controls are in place for all key processes and that any control weaknesses are appropriately addressed and escalated.
• Understand the impact of new requirements and comply with new control requirements.
• Establish consistent processes and a strong control environment, review procedures and MCA assessments.
• Ensure country PRC is appropriate and up to date and review ARA on annual basis with key stakeholders.
• Ensure control issues are effectively identified and escalated.
• Identify and evaluate design and operating control deficiencies; and ensure that control issues are effectively identified and escalated.
• Ensure that there is a resolution plan for all identified and escalated issues.
• Prepare control guidelines and train controllers on how to apply.
• Review on regular basis all Minimum Requirements to make sure they performed in line with ARA.
• Focus on and co-ordinate deep dives (in-depth reviews) across business areas and countries, to identify control deficiencies, best practice and consistency of approach; Document results of the evaluation and propose and drive implementation of solutions to correct deficiencies.
• Ensure regular month end file reviews are taking place in order to identify any control gaps.
• Coordinate Audit preparation work with countries.
• Ensure general controls which are not finance division specific, but applicable to entire finance are coordinated and reviewed on regular bases (e.g. EERS, COB, ICSA, EUC).
• Monitoring of CAPs/IMR’s.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Qualifications:

• 10+ years of relevant experience
• Professional qualifications such as ACA, ACCA, CIMA or equivalent
• Ability to communicate and coordinate effectively with a wide range of people across different functions and levels of seniority. Analytical skills are a must. Ability to manage and lead a team. Be able to work independently w
• Consistently demonstrates clear and concise written and verbal communication skills
• Self-starter who proactively seeks to improve existing controls and streamline processes both from a tactical short term viewpoint, and also from a strategic long term perspective

Education:

• Bachelor’s/University degree, Master’s degree preferred

Leadership and Strategy:

• Lead and manage the accounting team focused on Incentive Compensation, ensuring effective planning, execution and reporting.
• Collaborate with senior management to align financial strategies and operational plans for Incentive Compensation.

Accounting and Financial Reporting:

• Oversee the accurate and timely accounting of Incentive Compensation costs.
• Manage the recording and reporting of incentive compensation charges in accordance with Generally Accepted Accounting Principles (GAAP)
• Oversee the expatriate sweep process to ensure timely and accurate tracking, reporting, and reconciliation of expatriate expenses.
• Monitoring of Balance Sheet account balances activity and Account Ownership.
• Maintain strong internal controls to mitigate risks and ensure accuracy.

Collaboration:

• Partner with HR, Expense Management and FP&A to ensure proper understanding and accurate financial results.
• Coordinate with Information Technology to ensure that the Incentive Compensation accounting application is working effectively and meeting all data ownership controls.
• Coordinate with auditors, both internal and external, to ensure proper treatment of Incentive Compensation and provide necessary documentation of financial audits.

Process Improvement:

• Lead initiatives to streamline and improve accounting processes related to Incentive Compensation, ensuring accuracy, timeliness, and efficiency in the recognition and reporting.
• Implement best practices and continuously evaluate the effectiveness of the Incentive Compensation accounting processes in line with evolving industry standards and regulatory changes.

Team Leadership & Development

• Lead, mentor and develop a small team of accounting professionals, providing guidance and fostering a collaborative, high-performance culture.
• Oversee team resources to meet deadlines, manage workload, and deliver high-quality financial reporting in a fast-paced environment.

Anticipated Posting Close Date:

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