Corporate and Workplace Solutions-Procure to Pay - Accounting Control Associate - Hyderabad

Recruiter
Goldman Sachs
Location
India
Salary
Competitive salary
Posted
04 May 2021
Closes
07 May 2021
Ref
2021-73806
Job role
Accountant
MORE ABOUT THIS JOB

WHO WE ARE

This is a challenging role in a global, real-time environment with exposure to a wide range of financial products. It is focused on teamwork, exception management, continuous improvement and proactive control. The Portfolio Control team is seeking a professional who can collaborate effectively across functional groups in the active mitigation of operational risk.

CWS

Comprised of Corporate and Workplace Solutions (CWS) and the Office of Global Security (OGS), the division focuses on commercial management, client support, advisory solutions, strategic planning, risk management, people security, real estate and technology solutions. The division delivers a world-class work experience and environment to the people of Goldman Sachs. We effectively manage the firm's third party operating expense, including fostering opportunities to innovate and enable sustainable approaches, while also managing the risks associated with vendor engagements and a contingent workforce. Our core disciplines, focus on the following areas: Third Party Governance, Strategic Sourcing, Infrastructure and Transformation, Procure to Pay, and Product Finance.

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.

RESPONSIBILITIES AND QUALIFICATIONS

JOB SUMMARY AND RESPONSIBILITIES

This role requires an individual to work on Accounting and month end closures/accruals. 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
  • Manage Daily/Weekly/Monthly Reconciliation of GL accounts and work on clearing the breaks
  • Month end closure process including Accruals
  • Managing control accounts and identify/close the exceptions
  • Work closely with Controllers/Tax on Balance sheet substantiation
  • Transactional Tax review and reporting (TDS, VAT)
  • Monthly Tax reconciliation and assisting in Returns/Refund filing
  • Monthly India Withholding Tax and GST (Goods & Service Tax) calculation & payment
  • Be an active participant/contributor to process reengineering with / without technology changes
  • Analysing daily/weekly control reports in order to ensure regular payment of invoices.
  • Recommend & implement Corrective & Preventive actions for internal errors, Incidents etc.

SKILL / EXPERIENCE
MANDATORY SKILLS
  • Strong General Ledger 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


DESIRABLE SKILLS AND TRAITS
  • Knowledge on General Ledger, Accounts Payable, Vendor management
  • ERP experience - SAP GL/Subledger, ARIBA
  • Excellent partnership building skills and strong customer service perspective
  • Excellent communication and negotiation skills
  • Experience in a reputed audit firm would be an added advantage.

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