Goldman Sachs & Co. Operations, Operations Management & Strategy, Accounting Services, Associate - Bengaluru in United States
MORE ABOUT THIS JOB
Operations is a dynamic, multi-faceted division that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.
Are you passionate about investment banking, operations, risk management, process improvements and working with global teams within an investment bank? We are looking for a professional who wants to use their skills and experience to help deliver on operations agenda while challenging themselves to further their career at Goldman Sachs.
BUSINESS UNIT OVERVIEW
Accounting Services Division (ASD) is part of the Operations division of Goldman Sachs and comprises of nearly 100 professionals based at 4 offices across the globe. The core function of ASD is to process vendor invoices and reimbursement of employee expenses. Accounting services also effectively partners with key stakeholders across divisions based cross the globe in managing and controlling risks pertaining to vendor payments and employee expense reimbursements Summary of role Accounting Services Associate Lead Specialist role requires an individual to be responsible for delivery and management of functions within the department catering to the processes required to enable vendor payments and employee travel and expense related reimbursements and managing the associated risks. Candidate must be a subject matter expert in the area of Finance and Accounting (F&A) related functions with proficiency preferably in areas of Accounts Payable, Vendor Management, General Accounting, transactional tax processes as applicable for various regions across the globe. The responsibility includes driving forward key initiatives, identifying opportunities for improved efficiencies, bring in transformation through Process reengineering and involvement in projects both globally and regionally. The individual needs to exhibit the ability to identify problems and control gaps and come up with innovative solutions to mitigate the risk. The role also demands the ability to effectively communicate with stake holders across different regions including Firmwide Divisional and Senior Operations management team.
RESPONSIBILITIES AND QUALIFICATIONS
JOB SUMMARY & RESPONSIBILITIES
Regular planning and execution of deliverables across regions
Daily production and analysis of risk and ageing reports for Vendor and Employee Expense settlement function
Ensuring timely execution and executing quality assurance function asper set standards
Establish and maintain robust tracking mechanism for key indicators of the operations to support decision-making
Recommend & implement Corrective & Preventive actions for identified errors, Incidents etc.
Understanding team challenges and deployment of operational and financial controls
Ensuring completion of monthly compliance reviews and audits as per process requirements
Liaise with the divisional finance teams to explain aged balances and influence decision making
Risk Management - Continuously re-evaluate process controls and balance the risk versus benefits to protect the firm
Monitor and analyze vendor performance in order to assure compliance with KRI's & KPI's and continuous improvement of the services
Keeps pace with technical innovation and market driven initiatives across the team
Disciplined approach to requirements, with experience in capturing, analyzing and documenting functional requirements
Conduct process documentation as per ISO standards
Experience working within large, multi-region project and ability to manage multiple projects along with the ability to adapt to the changing priorities
Minimum 5-6 years of relevant experience Goldman Sachs is an equal opportunity employer
Strong knowledge, in-depth understanding and experience of Finance and Accounting (F&A) functions
Strong analytical, organizational and interpersonal skills
Good team skills and ability to work with a wide user groups from different parts of the World
Strong communication, problem solving skills and focus towards attention to details
Effective and efficient time management and executional skills
Committed and proactive with a desire to succeed
Forward thinking with the ability to assert new ideas and follow them through
Risk management and understanding related regulatory requirements
Ability to develop / sustain good working relationships with other teams and stakeholders
Preferably, knowledge and experience in Accounts Payable, Vendor management and Invoice processing.
Ability to motivate teams to high levels of productivity and accuracy during periods of increased volume and retain risk and control focus is also essential to the role
Excellent partnership building skills and strong customer service perspective
ABOUT GOLDMAN SACHS
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
© The Goldman Sachs Group, Inc., 2017. All rights reservedGoldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.
Job ID 2017-25279
Schedule Type Full Time
Business Unit Accounting Services
Employment Type Employee