Citi Global Costing & Analytics Group Manager
Citi is today's pre-eminent financial services company and was built to create a highly diversified financial services company that could act as one to deliver solutions to clients throughout the world. With the most diverse array of products and the greatest distribution capacity of any financial firm in the world, our employees manage 200 million customer accounts across six continents in more than 100 countries.
Citigroup Inc. and its subsidiaries ("Citigroup") are equal opportunity employers M/F/D/V and do not discriminate on the basis of any legally protected status or characteristic.
Citi Global Costing Analytics Group Manager
Citi Global Costing Analytics group is responsible to implement Activity Based Costing (ABC) across all Citi businesses and functions. ABC is a new function and capability at Citi, which is intended to improve cost transparency and enable better decision support for business and financial executives.
The team develops a comprehensive understanding of the cost components and business dynamics through a managed interview process with senior business and function managers. Throughout the process, the team analyzes costs by function, activity, and line item and compiles consumption metrics to enable the analysis of the cost dynamics at a more granular level, driving to determine the cost to produce a dollar of revenue. Once the model is completed, the team performs analytics with the business to outline opportunities for cost reduction, better leverage of product scale, and revenue growth. For shared service areas, the model will also be used to improve on current cost allocation methodologies. The models will also form the basis for pricing and deal analytics for many products.
This role provides a unique opportunity to develop end-to-end understanding of selected Citi's businesses and functions. The candidate will learn about the unique challenges for the businesses and business' strategy to manage them. This role will also present many opportunities to interact with senior business and finance leadership and learn about their approach to managing their business.
A successful candidate will be versatile, with strong analytical and communication skills. They will also possess superior project management skills and ability to communicate complex analysis results to senior executives effectively. General understanding of the Citi businesses, financial systems, costing principles and methodologies will be a plus. Selected candidate will receive on-the-job training on ABC principles, methodologies and tools to ensure successful transition.
Responsibilities:
- Lead ABC Reengineering workstream across Citi business lines, e.g. Research, Cards, managing team of 10-14 including Citi and external resources.
- Broad project and staff management, excellent communication skills, and ability to deal effectively with senior business leaders is a must.
- Superior analytical skills, large data analytics experience and familiarity with basic management accounting principles required.
- Familiarity with Citi businesses is a plus.
- Process reengineering or similar experience is a plus.
- Knowledge of ABC is NOT a requirement.
- BS in Finance, Bus Admin, Mathematics, Engineering; MBA preferred.
- A proven track record with more than 10 plus years of relevant work experience and demonstrated career progression/increase in responsibilities
- Exceptional analytical skills, combined with an ability to deliver analyses in a concise and logical manner
- Ability to multi-task and handle changing priorities while executing on numerous deliverables simultaneously
- Strong MS Excel knowledge and proficiency in MS Access
- Strong written and verbal communication skills
- Superior organizational abilities and project management skills, and a strong team player
- Ability to deliver on large-scale program responsibilities
- Business analysis experience, including knowledge of managerial accounting principles will be an advantage
- Experience in business/corporate strategy development preferred
- Understanding of Activity Based Costing (ABC) principles, methodologies, practices and applications will be a plus
- Experience with business intelligence reporting tools preferred
Minimum Educational Requirements
- Bachelor's degree in Finance, Business Administration, Mathematics, Economics or a related field of study, MBA preferred
Minimum Prior Work Experience Requirements
-10 plus years experience
* No relocation assistance available*
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