Operations - Accounting Services - Analyst - Bengaluru

  • Competitive
  • Bangalore, Karnataka, India Bangalore Karnataka IN
  • Permanent, Full time
  • Goldman Sachs International
  • 24 Apr 18 2018-04-24

Operations - Accounting Services - Analyst - Bengaluru

MORE ABOUT THIS JOB
OPERATIONS

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.

YOUR IMPACT

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.

OUR IMPACT

The Goldman Sachs Group is a financial holding company and a leading global investment banking, securities and investment management firm. Goldman Sachs provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in other major financial centres around the world. We are committed to growing our distinctive culture and upholding our core values which always place our client's interests first. These values are reflected in our Business Principles, which emphasise integrity, commitment to excellence, innovation and teamwork.

BUSINESS UNIT OVERVIEW

Accounting Services Division (ASD) is part of the Operations division of Goldman Sachs and comprises of nearly 90 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

RESPONSIBILITIES AND QUALIFICATIONS
JOB SUMMARY AND RESPONSBILITIES

Analyst role within ASD requires an individual to process invoices and expense reimbursement claims. Also 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 and help build partnerships across different divisions with ASD. Individual will support in process transformation initiatives to bring in efficiencies & controls within the process.

Principal Responsibilities

  • Processing of invoices for Americas, India and EMEA after reviewing them for critical data points and in accordance with our policies.
  • Accounting and reporting for transactional taxes associated with invoice payments.
  • Set up new vendor data and amend existing data based on information available after proper authentication checks.
  • Verification of transactions prior to posting for payment.
  • Analysing daily/weekly control reports in order to ensure regular payment of invoices.
  • Processing of employee Travel & Entertainment expenses and card administration in accordance with the firm's policies
  • Daily/Weekly Reconciliation of GL accounts
  • Be an active participant/contributor to process reengineering with / without technology changes
  • Conduct process documentation as per ISO standards
  • Liaise with the divisional finance teams explain aged balances and influence decision making
  • Recommend & implement Corrective & Preventive actions for internal errors, Incidents etc.

B BASIC QUALIFICATIONS
  • Strong accounting knowledge
  • Strong analytical, organizational and interpersonal skills
  • Strong attention to detail
  • Enthusiastic, hardworking and able to work well under pressure
  • Good PC skills (Word, Excel); experience of accounting systems will be added advantage
  • Ability to work and contribute in a team environment and positively interact with various levels of management

P PREFERRED QUALIFICATIONS
  • Knowledge on accounts payable, vendor management and Invoice processing requirements.
  • Excellent partnership building skills and strong customer service perspective
  • Excellent communication and negotiation skills
  • Additional knowledge on the vendor payables process preferred.
  • Experience in a reputed audit firm would be an added advantage.
  • Minimum 2 years experience in a similar role.


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., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.