Legal Entity Accountant at Citi

As Legal Entity Accountant, the purpose of the role is to take responsibility for the financial and regulatory reporting specific to Citigroup Global Markets (Pty) Ltd (‘CGMSA’), the Equities Broker-Dealer vehicle for Citi South Africa.

Key Responsibilities:

The role of the LEM for CGM SA is placed within South African Finance department and reports to the LEM Manager. Responsibilities include:

• Overseeing and monitoring the month end close process for both Citigroup ledger as well as local ledger (BDA), working in partnership with FRSS (offshore);
• Accurate review, analysis and filing of JSE CapAd returns (daily and monthly);
• Have a sound understanding of the financial statements and the accounting standards and their impact on various reporting aspects within Finance.
• Provide analysis and responses to all JSE queries on an on-going basis;
• Review, interpret and implement JSE regulations as required by the local regulator;
• Application of strong internal controls, with a focus on continually strengthening the control environment;
• Identifying areas where process improvements can be made to achieve efficiencies and a strong control environment;
• Support the improvement of data quality as it pertains to financial and regulatory reporting;
• Supports capital management;
• On an annual basis, oversee the external audit as well as production of annual financial statements;
• Support the CFO with ad-hoc requests;
• Drive the annual plan (budgeting) process for businesses in CGMSA;
• Support application and implementation of IFRS standards;
• Adhere to the policies and procedures of the balance sheet substantiation process for accounts owned;
• Provide support and analytical insight of various financial and regulatory aspects and perform business analysis;
• Provide support (preparation of committee packs, analysis of information for business purposes) for various management committee meetings and external meetings (Regulator on-site visits), including ability to assist with chairing meetings where required; and
• Working closely with Business partners and other functions to gain a thorough understanding of CGMSA’s businesses, risks and controls.

Development Value:

• Gain first hand exposure to a JSE registered Equity Broker;
• Develop a well-rounded knowledge base of all Finance aspects as it relates to Banking
• Gain technical knowledge of IFRS
• Gain technical knowledge of CapAd reporting
• Gain knowledge of Financial Planning and Analysis
• Gain knowledge on an assortment of products offered by Citigroup.
• Gain exposure to management committees and skills in assisting in preparing packs and chairing meetings.

Knowledge/Experience:

• Strong Experience in Bank/Broker Financial Reporting Environment.
• Strong Experience in IFRS as well as  financials preparation and analysis.
• Exposure to Risk/ Audit / or Actuarial activities also an added advantage.

Qualifications:

• B Comm. Accounting/Finance Honours or related qualification – Recommended
• Chartered accountant or equivalent is preferred

Skills:

• Strong verbal and written communication skills.
• Strong interpersonal skills and a recognized team player.
• Ability to work on multiple tasks and to be able to prioritize in a deadline driven environment.

Competencies

• Planning and time management
• Ability to work under pressure
• Written communication skills – ability to express and communicate concisely and clearly.
• Ability to communicate at senior levels of management in the organization.