Associate - 8032830 - Goldman Sachs : Job Details

Job Duties: Associate, Financial Accounting with Goldman Sachs & Co. LLC in Jersey City, New Jersey. Calculate, record, and report the accounting of equity awards amortization, employer payroll taxes and mark-to-market accruals to the general ledger and in compliance with Accounting Standards Codification (ASC)-718 and the International Financial Reporting Standards (IFRS). Calculate and prepare the deferred compensation, including share-based compensation, current year projection and future year budgets for the firm's Business Planning Committee meetings and Federal Reserve Bank stress tests utilizing Anaplan. Calculate and prepare the deferred compensation monthly estimates for the firm's Financial Reporting team and weekly year-end compensation projections. Perform the accurate and fair presentation of stand-alone entity share-based financial information and disclosures. Ensure existing controls are maintained and followed in compliance with operational risk mitigation. Coordinate with the different regional payroll teams and payroll vendors to determine the employer tax rates for salary, cash bonus and equity bonus to properly calculate, record and project payroll tax expenses. Perform reconciliations and maintain support documentations in accordance with Sarbanes-Oxley legislation. Prepare support for audit requests of share-based compensation. Document the functionality of the system and create clean standard operational procedures, as well as identify and implement process improvement opportunities. Provide business requirement and execute User Acceptance Testing (UAT) with the Engineering department for system enhancements due regulatory changes. Prepare regional key management personnel requests for reports to regulatory authorities. Liaise with other areas of the Firm across the different divisions and legal entities, analyzing and providing support on Profit & Loss and Balance Sheet variances with detailed commentary of significant activities. Reconcile share-based compensation accounting system sub-ledger balances to the general ledger.

Job Requirements: Bachelor's degree (U.S. or foreign equivalent) in Finance, Accounting, or related field. Two (2) years of experience in the job offered or in a related accounting role. Prior experience must include two (2) years with the following: utilizing accounting processes and analyzing financial data to follow through with multiple time sensitive deliverables; demonstrate experience with organization, analytical skills, and strong attention to details to follow through with multiple time sensitive deliverables; liaising cross functionally across multiple teams with strong communication skills, while remaining flexible to rapidly changing priorities; utilizing Microsoft Excel, Word, Access and Power Point. Includes utilizing Excel to create reports and perform analysis using pivot tables, VLOOKUP, charts, filtering, data validation, and other what if tools; identifying issues related to internal controls and of the control environment for compliance and general risk mitigation, including as it relates to highly confidential data; participating in accounting processes such as journal entries and reviewing general ledger to analyze and reconcile accounts; and investigating fluctuations in Profit & Loss (P&L) and Balance Sheet accounts to provide variance explanations, including identification, and understanding of underlying drivers during analytical reviews.

Salary Range: Annual base salary for this Jersey City, New Jersey-based position is $99,000/year - $138,000/year.

The Goldman Sachs Group, Inc., 2024. All rights reserved. Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity.