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MORE ABOUT THIS JOB

Goldman Sachs aims to be the employer, adviser, and investment of choice by attracting and retaining the best and most diverse talent. Through our leadership and diversity efforts, integrated talent management processes and vibrant affinity network programs, we work to provide a supportive and inclusive environment where all individuals, regardless of gender, race, ethnicity, national origin, sexual orientation, gender identity, disability or other classification can maximize their potential.

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

Divisional Overview:

The Product Finance team under the Corporate Workplace Solutions Division provides financial support, management and control for all firm-wide expenses including Real Estate expenses. The primary functions include Accounting & Financial Control, Financial Analysis, Business Unit Support and Administration (e.g. contracts management). The team also covers month-end accounting, reporting, project cost management with extensive liaison with Real Estate and non-Real Estate staff globally.

RESPONSIBILITIES AND QUALIFICATIONS

Position Summary

The Product Finance team in Bengaluru works on Global Finance & Planning activities, which includes commercial analysis, planning, accounting and control for the global business lines. The role demands engaging with various stakeholders throughout the globe, including teams responsible for managing the Real Estate Capital Expense lines and related finance activities (accounting and control activities, global budgets and forecasts, legal entity reporting, management reviews and analytics for decision support etc.)

The successful candidate will develop core skills in financial management and assume enhanced responsibilities over a period. Strong performance will result in challenging assignments over a period of time and career development opportunities.

Principal Responsibilities

Monthly close, process fixed asset adjustments (additions/write-offs), balance sheet analysis, financial reporting and analysis for Real Estate capital projects spend and related depreciation. Tasks include budgeting, balance sheet reconciliation and management, project management, managing accruals and local management oversight when required. Provide support for legal entity controllers in the areas of monthly close, accrual calculations and uploads, estimates, normalization and invoice management.

• Own the accounting control for expense/ balance sheet accounts pertaining to Real Estate spend and manage related activities

• Analyze financial and operational data from various Real Estate projects around the globe. Present findings clearly to enable effective decision-making

• Perform regular reviews of Work in progress accounts, related Balance Sheet and Profit&Loss accounts

• Work in close coordination with global finance team and leadership on annual budget and quarterly re-forecast related assignments. Consolidate inputs and translate business assumptions to quantify financial impact

• Conduct quarterly substantiation of asset and liability accounts; Report executed and off Balance Sheet commitment to controllers

• Maintain/provide monthly capital project reconciliation of General Ledger and Sub-Ledger balances, financial treatment of Real Estate spends, capitalization & retirement of assets from the books. Further, monitor these accounts and communicate with account owners periodically

• Perform asset classification checkouts and reclassification/transfer as necessary

• Monitor project cost management and reconciliation

• Analyze and explain expense trends and key drivers for changes to internal finance teams

• Drive improvement and automation of current processes to enhance efficiency, accuracy and control.

Experience / Skills

• Finance Professional – Chartered Accountant / Cost and Management Accountant / MBA Finance from a reputed B School

• Experience in FP&A, Analytics, Business Partnering

• Working in a Multinational environment with FMCG, Consumer Durables, Telecoms or similar Industry.

• Strong analytical skills and ability to summarize and present information at a management level

• Clear and effective communications skills both verbally and in writing. Experience of working in a global setup will be of advantage

• MS Office skills – Advanced MS Excel knowledge, basic proficiency on MS Power-Point.

• Proficient in the use of Hyperion/Essbase, Smart view

• Strong networking skills to establish contacts and partnerships with other teams in Goldman Sachs

• Impeccable attention to detail

• Ability to organize own time and work independently, without close supervision

• Courage to challenge current practice and suggest new ways of working, value-added ideas/ approaches

• Ability to work in a team based environment and to interface with employees at all levels

• Flexibility to adapt and perform in a dynamic and evolving organization

ABOUT GOLDMAN SACHS

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/disability-statement.html

© The Goldman Sachs Group, Inc., 2020. All rights reserved.Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

Location(s)IN-Bengaluru

Job ID2020-67866

Schedule TypeFull Time

LevelSenior Analyst

Function(s)General

RegionIndia

DivisionCorporate and Workplace Solutions

Business UnitSpend Management

Employment TypeEmployee