Job Description
Divisional Overview
The Corporate Planning & Management (CPM) Division unifies Finance & Planning, Spend Management, Operational Risk and Resilience, and CPM Engineering teams to deliver business planning and analytics, expense management, third party risk management, and governance strategies across the firm. CPM have 5 operating pillars.
Finance & Planning supports the execution of the firm's strategic objectives through the management of the planning process, firmwide reporting and analytics and insights into the firm's business plans and budgets. They develop consistent framework for revenue division projections creating transparency, accountability and efficiency around projections.
This pillar also includes the CF&O, EO and Engineering divisional CFOs, who are strategic finance advisors helping the firm and the non-revenue divisions achieve commercial financial opportunities. Product Finance is responsible for the overall governance and proactive management of the firm's non-compensation expenses.
Spend Management encompasses the functions responsible for managing all aspects of the firm's spend with third parties - advising commercial agreements and driving operating efficiency. Departments include Strategic Sourcing, Procure to Pay, Integrated Travel and Expense, Infrastructure and Transformation and Sustainable Operations. Operational Risk & Resilience drives firmwide Operational Risk programs along with second line teams and implements required changes within CPM.
The Corporate Insurance & Advisory team in this pillar identifies, procures, and manages corporate insurance needs for the firm and its investing businesses.
The CPM Engineering team provides engineering solutions that enable the firm to manage third-party spend, data and automation, plan budgets, forecast financial scenarios, allocate expenses and support corporate decision making inline with the firm's strategic objectives.
Role Overview
Role Overview Professionals in CPM have an analytical mindset, exhibit intellectual curiosity and are from diverse academic backgrounds. This role sits in Procure to Pay, within the Spend Management pillar. The objective of the Procure to Pay (P2P) group is to deliver commercial value and front-to-back cost transparency across the firm. Under the Spend Management umbrella and focused on the front-to-back theme the Procure to Pay team is divided into 3 pillars - Procurement Management, Expense Management and Accounting & Tax Control. Within the Accounting & Tax Control vertical, the Accounting Controls team is responsible for transactional review of posting into Balance Sheet GL and Bank activity for all the vendor payments. The role requires collaboration with different functions across the firm on a regular basis, an ability to work independently, and ability to interact with senior professionals across the firm. The candidate is required to work closely with global counterparts. Should have excellent verbal and written communication skills
Job Responsibilities Will Include, But Are Not Limited To
Facilitating audits for the functions managed.
- Manage non-revenue divisions operating expenses including full ownership and accountability of the spend which would include month-end reviews, quarterly and yearly analysis
- Identify potential areas to create operational efficiencies and automate manual processes
- Ensure correctness of General Ledger by reviewing and monitoring month-end closure activities/entries.
- Ensure timely reconciliation of both balance sheet GLs and bank activity.
- Identify potential areas to create operational efficiencies and automate manual processes
Qualifications
- Finance professional with proficiency in Alteryx or Tableau or Power BI is added advantage.
- 4-6 years of relevant experience in the field of finance, accounting, tax and/or business management
- End-to-end process understanding of various functions within P2P is a must (Vendor Management, Invoice Processing, Tax, Accounting Control and Payment Reconciliation)
- Candidate with specific knowledge on Accounts Payable products like Ariba Guided Buying/Buying and Invoicing, S4, FieldGlass, SLP, Team Connect will be preferred
- Excellent communication and interpersonal (written and verbal) skills, strong attention to detail
- Strong accounting knowledge is a must
- Proficient in Microsoft Excel and PowerPoint
- Exposure to AI usage will be added advantage.
- Proficient in Microsoft Excel and PowerPoint
ABOUT GOLDMAN SACHS At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers. We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disabilitystatement. html © The Goldman Sachs Group, Inc., 2024. All rights reserved.
