As Legal Entity Manager (Senior Financial Accountant), the purpose of the role is to take responsibility for the financial reporting, and the related controls and responsibilities, specific to Citigroup Global Markets (Pty) Ltd (CGM SA), the Equities Broker-Dealer vehicle for Citi South Africa.
The role is based within the South African Finance team and reports directly through to the Country Controller. The role will manage the legal entity manager responsibilities primarily for the broker-dealer entity (CGM SA) but will also provide support to the banking entity (CBNA SA) where required.
The scope of activities and operations of Citi South Africa gives rise to a great opportunity for an experienced and highly effective candidate with the appropriate Accounting and Regulatory Reporting experience to play a critical role in the successful execution of this function.
The role is challenging and highly visible and, requires a fully functional Candidate on all aspects of financial reporting including regulatory reporting aspects related to the Johannesburg Stock Exchange (JSE)
The Finance team is part of the Controllers Discipline within Finance and plays an integral part in the local franchise, and responsible for:
- Ensuring accurate and timely reporting to local regulators (SARB and JSE) and reporting to senior management,
- Integrity of ledger for 2 main legal vehicles under both IFRS and US GAAP;
- Legal entity management responsibilities including adhering to Citi legal entity policies and entity booking conventions and expense management
- Financial planning
- Capital management
- Maintaining a strong control environment;
- Improves and enhance processeshe role is based within the South African Finance team and reports directly through to the Country Controller. The role will manage the legal entity manager responsibilities primarily for the broker-dealer entity (CGM SA) but will also provide support to the banking entity (CBNA SA) where required.
The role is challenging and highly visible and, requires a fully functional Candidate on all aspects of financial reporting including regulatory reporting aspects related to the Johannesburg Stock Exchange (JSE)
The Finance team is part of the Controllers Discipline within Finance and plays an integral part in the local franchise, and responsible for:
Responsibilities:
- The role of the Legal Entity Manager for CGM SA is placed within South African Finance department and reports to the Country Controller) and is involved in the daily management of all the Financial Accounting. The CGM Financial Control role would typically involve:
- Overseeing and monitoring the month end close process for both Citigroup ledger as well as local ledger (BDA), working in partnership with various stakeholders across geographies
- Review of monthly management book numbers
- Accurate review and analysis of the JSE CapAd returns prepared by the regulatory reporting team
- Prepare and update quarterly reports which are required for corporate US reporting (Qmemo, Cashflow, Expense Attestation etc.)
- Review, interpret and implement JSE regulations
- Have a sound understanding of the annual financial statements and the accounting standards and their impact on various reporting aspects within Finance
- Responsible for the co-ordination of financial related audits, both internal and external impacting legal entity management matters
- Prepare annual financial statements for CGM SA
- Assist Product Control and Middle Office with the resolution of trading P&L and dividend breaks on the BDA local ledger versus US GAAP internal ledger reconciliation
- 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.
- Preparation of the monthly control file for review by the Country Controller. Participate in the quarterly Manager Control Assessment (MCA) process
- Support the improvement of data quality as it pertains to financial and regulatory reporting
- Supports capital management of the broker dealer
- On an annual basis, manage 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 and product accounting
- 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, including advisory support to business
- 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
- Working closely with Business partners and other functions to gain a thorough understanding of CGMSAs businesses, risks and controls
- Implementation of any new financial or management reporting requirements
- Chartered Accountant (CA) / Master in business administration (MBA)/ Certified Public Accountant (CPA) or equivalent combination of education
- Minimum 5 years of experience in accounting management with commensurate stakeholder management experience
- Bachelors/University degree or equivalent experience
Job Family Group:
Finance
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Job Family:
Financial Accounting
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Time Type:
Full time
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