Asset & Wealth Management, Private Wealth Management, Goldman Sachs Family Office, Accounting and Bill Pay, Associate - Albany

Goldman Sachs • Albany, NY

3d • $60,000 - $100,000

About The Position

Goldman Sachs Family Office (GSFO) is in search of an Associate to assist with
an innovative private client accounting and payment services offering for our
most strategic Ultra-High-Net-Worth (UHNW) clients. We are looking for a
client-friendly individual with background in accounting and tax advisory, who
has a passion for building a new business.

We are seeking an experienced accountant to help build out a comprehensive new
private client accounting and payment services offering tailored for
UHNW
families. This role will be involved in establishing and scaling a
best-in-class service model that addresses the intricate financial affairs of
complex family structures, often involving multiple entities, properties, and
specialized assets.

This role requires an entrepreneurial spirit combined with deep technical
accounting expertise.

Requirements

• Bachelor's Degree Required, preferably in Accounting, Finance, or a related field.
• A minimum of 3 years of experience in accounting, financial management, or family office operations, with at least 3-6 years focused on UHNW individuals or families, including experience in a private family office or multi-family office environment.
• Experience in accounting principles, financial reporting, and complex multi-entity accounting (e.g., Trusts, LLCs, LPs, Partnership Interests).
• Proficiency with accounting software (e.g., QuickBooks, Intacct, NetSuite) and / or experience with bill pay platforms
• Exceptional Excel skills.
• Excellent interpersonal skills and a desire to work in a team oriented environment
• Resourceful, self-starter, attentive to detail and capable of multi-tasking in a fast-paced environment
• Securities Industry Essentials (SIE), Series 7 & Series 63 exams (must be obtained within first 3 months of employment)

Nice To Haves

• An ACCA/CPA certification is highly desirable.
• Exposure to investment reporting, alternative assets, or trust/estate accounting.
• Experience with state and federal tax matters is a plus

Responsibilities

• Be part of a team responsible for comprehensive accounting and payment services, leveraging agentic AI technology to deliver this offering at greater scale and quality. This includes end-to-end bill payment process for UHNW clients and their entities, processing invoices, ensuring timely payments, and managing vendor relationships.
• Drive detailed financial reports, statements, cash flow analyses, budgeting, and forecasting tailored to the sophisticated needs of UHNW families and their various entities (e.g., trusts, LLCs, partnerships).
• Monitor and coordinate cash management across various accounts and entities.
• Maintain and reconcile all financial accounts, ensuring accuracy and resolving discrepancies. Oversee the management and reconciliation of client data for ultra-high-net-worth families and related entities.
• Serve as a key liaison to facilitate communication between clients, advisor teams, and the Bill Pay team
• Complete data entry tasks associated with client record keeping and reporting requirements
• Liaise with advisor teams to coordinate 1099 preparation and mailings
• Deep understanding of QuickBooks, Sage Intacct or similar platforms to support historical integrations.
• Serve as a primary point of contact for client communications related to billing and financial matters.
• Maintain vendor relationships, manage vendor accounts, and coordinate billing and changes with external parties
• Work with PWM Product, Engineering, Compliance and Legal to continuously evolve the product offering

Benefits

• Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here [https://www.goldmansachs.com/careers/discover/2022-Benefits-Summary-US.pdf].

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees