Finance Reporting Analyst Job at Citi (Mumbai)

Job Description

The Finance Acctg Analyst 1 is a developing professional role. Applies specialty area knowledge in monitoring, assessing, analyzing and/or evaluating processes and data. Identifies policy gaps and formulates policies. Interprets data and makes recommendations. Researches and interprets factual information. Identifies inconsistencies in data or results, defines business issues and formulates recommendations on policies, procedures or practices. Integrates established disciplinary knowledge within own specialty area with basic understanding of related industry practices. Good understanding of how the team interacts with others in accomplishing the objectives of the area. Develops working knowledge of industry practices and standards. Limited but direct impact on the business through the quality of the tasks/services provided. Impact of the job holder is restricted to own team. The Finance Reporting Analyst manages day to day accounting, activities such as the closing of books and sub-ledgers, adjustment entries and consolidating financials at the end of each period. The person will be responsible for any one of Compensation Accounting Process Responsibilities.

Job Responsibility

Manage the various compensation portfolios (eg: equity, pension, severance and incentive compensation)
Ensure all accruals and adjustments are accurately calculated and posted within established timelines
Support the analysis and submission of reports to various constituencies based on requirements such as US GAAP, US Regulatory, and local statutory reporting
Monitor changes/progress and keep senior leadership informed of unusual financial details
Maintain internal controls by ensuring control checks are built in all the files and check them thoroughly during process reviews
Assist the team in identifying and implementing process improvement initiatives or standardization ideas that will increase productivity and efficiency, reduce cycle of processing time, and reduce error rates
Oversee all accounts, legers, and reporting systems ensuring compliance with appropriate financial standards and regulatory requirements
Adhere to regional and global procedures and rules
Have an overall responsibility for internal and external representation of comp processes
Operational accounting and reporting of compensation lines for each region
Performs monthly, quarterly and yearly variance analysis
Take responsibility for the accurate reporting of accounting reconciliations on Citi reporting tools
Preparation of accounts for process in line with global guidelines
Manages implementation of procedures and development report
Adhere to key controls for accounting process within the process handled
Delivers on routine accounting deliverables to provide defined outputs
Escalates problems or issues relating to transactions, processes, reports or, procedures as appropriate
Applies understanding of how the team and area integrate with others in accomplishing objectives
Has limited but direct impact on the business through quality of activities provided

Requirements

1-2 years of experience in Accounting Management
Relevant Experience with Compensation accounting preferred
Chartered Accountant (CA) Fresher/ Master's in business administration (MBA) / Certified Public Accountant (CPA)
Working knowledge of related financial regulations
Experience with monthly ledger variance analysis
Consistently demonstrates clear and concise written and verbal communication skills

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Finance Reporting Analyst

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