Strategic Ledger Reconciliation Solution Lead – Senior Vice President (C14) – Jacksonville (FL)

The Financial Books & Records (FB&R) Transformation Initiative has been established under the wider Citi Finance Transformation and comprises three pillars - Accounting, Ledgers and Close, and associated global platforms, processes, and governance. The program includes standardizing and reducing risk across current FB&R processes and establishing the next iteration of ledger strategy to adopt and implement global standard SaaS / Cloud based accounting and ledger platforms (the “Strategic Ledger”). The outcome will be a robust global process, governance, and controls to ensure consistent and materially accurate, complete, and timely ledger data and results.

The program has established a Citi-wide governance and cross-functional team including Finance, Shared Services, Risk, Business and Technology partners. The scope of the program includes:

• Centralizing and standardizing accounting into global accounting hubs and sub-ledgers.
• Implementing a standard sub ledger and general ledger for the firm.
• Replacing Citi’s current Operating and Reporting ledgers, including those embedded in bank-in-a-box platforms such as Flexcube.
• Automating and streamlining accounting and ledger processes and controls.
• Addressing source data quality issues impacting ledgers in partnership with enterprise-wide data priorities.

The Strategic Ledger Reconciliation Solution Lead – Senior Vice President (C14) will be part of the overall FB&R Initiative.

Key Responsibilities:

• Lead the requirement, design, implementation, and testing activities of the Strategic Ledger Reconciliation solution.
• Manage a team of 2 - 4 direct staff members and 10 -20 third-party resources.
• Partner with the Finance, Operations and Technology stakeholder communities.
• Partner with Finance Data Initiative to ensure alignment of FB&R Ledger and Data transformation priorities.
• Partner with General Ledger workstream to ensure alignment of Ledger and Chart of Account design, and enablement of reconciliations.
• Partner with Solution Architecture workstream to ensure alignment with Citi’s technology architecture design principles.
• Partner with other horizontal workstreams including Operating model, Process, and Controls to ensure consistency of reconciliations’ design.

Qualifications and skills:

• 12+ years of relevant work experience with global corporations and financial services experience gained in Banking or in an associated consulting role.
• Proven track record of working in Finance organizational and technology transformations enabled by SaaS Cloud technologies (Oracle, SAP, Workday, Axiom, Workiva).
• Significant experience in design and implementation of reconciliation solutions using market leading technologies (e.g., Oracle Accounts Reconciliations, Smartstream TLM, Blackline).
• Significant experience in definition of reconciliation solutions that requires changes in technology and processes across the whole organization.
• Understanding of General Ledger and Chart of Accounts design concepts.
• Understanding of the regulatory and control requirements around Citi’s ledgers including ICOFR and SOX.
• Understanding of accounting concepts related to US GAAP, IFRS and Local GAAP standards.

Education:

• Bachelor’s degree in finance, Accounting, Business, Management, or related field is required; CPA or equivalent will be a differentiator.

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In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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