Global Banking & Markets- New York - Associate, Billing - Invoicing, Fees & Commissions-9434886

Goldman Sachs • New York, NY

59d

About The Position

Associate, Billing - Invoicing, Fees & Commissions with Goldman Sachs & Co. LLC in New York, New York. Support internal audit and regulatory reporting by maintaining appropriate documentation and controls over the fee and interest calculation process. Responsible for the end-to-end process of calculating, validating, and reconciling financing costs, accrued interest, and trade-related fees for hedge fund and institutional clients. Ensure the accurate application of negotiated fee schedules, margin interest rates, and commission structures, in accordance with client agreements and internal policies. Responsibilities include performing detailed reviews of client rate letters, investigating and resolving discrepancies, managing queries related to charges, and collaborating with internal stakeholders such as, Finance, Sales, Client Services, and Technology. Regularly monitors interest accruals across multiple product types-such as equity and fixed income financing and stock loan activity-and ensures all client charges are complete, accurate, and delivered within stipulated timelines. Participate in system enhancements, user acceptance testing (UAT), and automation initiatives to improve operational efficiency and reporting accuracy.

Requirements

• Bachelor's degree (U.S. or foreign equivalent) in Finance, Business Analytics, Management Information Systems, Information Technology Management, or a related field and three (3) years of experience in the job offered or in a related role.
• Prior experience must include three (3) years with: reconciling daily and monthly interest accruals for client accounts, ensuring 100% accuracy in billing and financial reporting; maintaining and updating complex client-specific rate structures and fee schedules in billing systems; querying large transactional datasets and using Microsoft Excel VBA (Macros); resolving highvalue ($500K+) interest and fee disputes by identifying root causes in system-calculated charges; producing, maintaining, and controlling detailed, audit-ready reports and billing summaries using tools and platforms including Alteryx; and participating in the preparation of documentation and evidence packages or internal audits and external regulatory reviews, ensuring adherence to reporting standards and reducing compliance risk.

Responsibilities

• Support internal audit and regulatory reporting by maintaining appropriate documentation and controls over the fee and interest calculation process.
• Responsible for the end-to-end process of calculating, validating, and reconciling financing costs, accrued interest, and trade-related fees for hedge fund and institutional clients.
• Ensure the accurate application of negotiated fee schedules, margin interest rates, and commission structures, in accordance with client agreements and internal policies.
• Performing detailed reviews of client rate letters, investigating and resolving discrepancies, managing queries related to charges, and collaborating with internal stakeholders such as, Finance, Sales, Client Services, and Technology.
• Regularly monitors interest accruals across multiple product types-such as equity and fixed income financing and stock loan activity-and ensures all client charges are complete, accurate, and delivered within stipulated timelines.
• Participate in system enhancements, user acceptance testing (UAT), and automation initiatives to improve operational efficiency and reporting accuracy.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Number of Employees: 5,001-10,000 employees