Analyst Specialized Accounting Compensation Team

  • Company:
    Citibank India
  • Location:
  • Salary:
    negotiable / month
  • Job type:
  • Posted:
    2 months ago
  • Category:

Skill: reports , variance analysis , accounting , general ledger , closing , accounting entries , reporting , ca , balance sheet , tax , management reporting , account reconciliation , statutory reporting , treasury , finance , pricing , expenses; Exp: 4-7 years; Analyst Specialized Accounting Compensation Team – 18070875 Description Mumbai Finance and Risk Shared Services (FRSS) is a part of Citi Shared Services (CSS), and is responsible for delivering financial, regulatory and risk reporting solutions to all of Citi businesses and regions. FRSS is a key business partner to Citi Finance as well as the risk organization, performing functions including financial systems operations, financial and regulatory reporting, integrated close, treasury reporting, global charge out and tax transfer pricing documentation. The below role is for the Compensation accounting team which falls under Integrated Close – Global Accounting for EMEA / APAC region. Role Outline/Job Summary Accounting for Compensation and Benefits expense for EMEA / APAC countries. Activities will include origination and processing of all accounting entries as well as monitoring Balance Sheet from control perspective. – Responsible for Compensation accruals of all portfolios, month on month variance analysis of Comp lines, chargeback and settlement and statutory reporting. This includes preparation of reconciliations of the compensation related expenses/ liabilities to source systems and providing relevant reports to management. Role and Responsibilities Day-to-Day Responsibilities Manage the accounting of accruals for the various compensation portfolios for the region (eg Equity, Pension, Severance and Incentive compensation) Review and Analysis to be performed for all the lines of Compensation Accounting across all Business for EMEA / APAC region viz Actuals vs Prior Month Actuals / Projected Actuals / Outlook., To be able to effectively discuss the process changes with Compensation Controllers and other stakeholders and communicate and implement the changes Accountable for ensuring that controls and processes are in place to enable the accurate accounting and management information reporting. Provides MoM variance analysis on compensation lines insight to segment controllers and other key stakeholders Ensuring compliance with the defined Risk and Control framework/ policies for the compensation related process Ensures that immediate supervisor is informed of issues and risks (potential or inherent) involving the process/tasks assigned to him/her with the proposed action plan for the resolution. Accountable for timely management and ownership of Monthly, Quarterly and Annual closing activities Responsible for meeting the defined KPI and communicate the same with stakeholders Help and contribute to continuous process improvement drives through Bright Ideas keeping in mind the Lean initiatives in-place Key Deliverables Accounting and reporting of Compensation lines for EMEA / APAC region Performing monthly, quarterly and yearly variance analysis Investigation and resolution of ledger variances Account reconciliation Expense recognition/accrual entries Reviews general ledger/sub ledgers on a monthly basis to ensure accuracy of posting Management reporting Apply subject matter expertise to identify, develop, and implement new techniques for process improvement Qualifications Qualifications – Internal Bachelors Degree in Accounting/Finance with experience in similar Accounting/Finance related position Post Graduate or certifications a plus CA / MBA / CPA preferred Experience 4 years experience in General Ledger Accounting Relevant Experience with Compensation Accounting preferred Experience with monthly ledger variance analysis Primary Location APAC-IND-MH-Mumbai Job Category Finance Schedule Full-time Education Level Master’s Degree Shift Day Job Employee Status Regular Travel No Office Location / Address CSIL, 8th floor, Bldg No. B6, NKP, Goregaon East, Mumbai, India 400063

Cost Accounting/ ICWA

Degree: CA (Chartered Accountant)

Experience: 4-7

Function: Accounting / Tax / Company Secretary / Audit