Job Information
GOLDMAN SACHS & CO-PARTNERSHIP Associate, Financial Accounting in Dallas, Texas
Job Duties: Associate, Financial Accounting with Goldman Sachs and Co. LLC in Dallas, Texas, Responsible for reconciliation, preparation and reporting of general ledger accounts, balance sheets, Profit and Loss (PandL), capital expenditures, etc. to external stakeholders. Ensure the integrity of accounting records for accuracy and compliance with accepted accounting policies and principles. Provide critical analysis required to ensure that the internal and external financial information of the firm is accurate. Play a key role in safeguarding the assets of the firm through independent scrutiny of financial information. Engage regularly with the firms regulators and auditors to protect the firm from reputational and other risks. Responsible for monthly closing process, including monitoring intercompany relationships, general ledger vs. sub-ledger breaks, revenue and expense sharing arrangements, funding arrangements among affiliated entities, proper booking of accruals and provisions and classification of inventory and other balances. Prepare quarterly financial information for inclusion in the firms consolidated financial statements filed with the U.S. Securities and Exchange Commission (SEC). Assist in analyzing legal entity regulatory capital requirements, by closely working with various teams including market and credit risk teams and corporate treasury. Liaise extensively with other areas of firm, including product controllers, funding controllers, corporate treasury, legal, tax, regulatory, market risk and credit risk on various ad hoc inquiries including new products requests, strategic changes to existing workflows, and transfer pricing initiatives. Assist in the preparation of standalone entity financial information and disclosures in accordance with U.S. GAAP. Perform and review ad hoc analyses on financial and non-financial attributes of consolidating legal entities for internal and external reporting purposes.
Job Requirements: Masters degree (U.S. or foreign equivalent) in Accounting, Finance or a related field and one (1) year of experience in the job offered or a related Financial Accounting role OR Bachelors degree (U.S. or foreign equivalent) in Accounting, Finance or a related field and three (3) years of experience in the job offered or a related Financial Accounting role. Prior experience must include one (1) year of experience with a Masters degree OR three (3) years of experience with a Bachelors degree in each of the following: utilizing knowledge of U.S. General Accepted Accounting experience (GAAP) to produce or review financial information for inclusion in companys consolidated financials; identifying issues related to internal controls and supplying comprehensive recommendations to management to mitigate companys risks; participating in internal and external financial audits, including demonstrated familiarity with audit trail, audit testing, control documentation processes, and audit inquiries; reviewing general ledger and journal entries to analyze and reconcile accounts; investigating fluctuations in both PandL and balance sheet account amounts and reporting periods, including identification, and understanding of underlying drivers during analytical reviews; using Excel, MS Word, and MS PowerPoint to create reports and perform analysis using pivot tables, VLOOKUP, charts, filtering, data validation, and other what if tools; and utilizing accounting processes and analyzing financial control infrastructure, control risk assessments, and control framework.