Goldman Sachs-posted 3 months ago
Full-time • Entry Level
Dallas, TX
5,001-10,000 employees

The Associate, Financial Accounting position at Goldman Sachs & Co. LLC in Dallas, Texas involves ensuring the integrity of accounting records for accuracy and compliance with accepted accounting policies and principles. The role is responsible for the monthly closing process, which includes 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 investments and other balances. The associate will provide critical analysis to ensure that the internal and external financial information of the firm is accurate and assist in the preparation of standalone entity financial information and disclosures in accordance with U.S. GAAP. Additionally, the role plays a key part in safeguarding the assets of the firm through independent scrutiny of financial information. Responsibilities also include reconciliation, preparation, and reporting of general ledger accounts, balance sheets, Profit & Loss (P&L), capital expenditures, etc., to external stakeholders. The associate will prepare quarterly financial information for inclusion in the firm’s consolidated financial statements filed with the U.S. Securities and Exchange Commission (SEC) and liaise extensively with other areas of the firm, including product controllers, funding controllers, corporate treasury, legal, tax, and regulatory on various ad hoc inquiries. Engaging with the firm’s auditors to protect the firm from reputational and other risks is also a key responsibility, along with performing and reviewing ad hoc analyses on financial and non-financial attributes of consolidating legal entities for internal and external reporting purposes.

  • Ensure the integrity of accounting records for accuracy and compliance with accepted accounting policies and principles.
  • Responsible for monthly closing process, including monitoring intercompany relationships and general ledger vs. sub-ledger breaks.
  • Manage revenue and expense sharing arrangements and funding arrangements among affiliated entities.
  • Properly book accruals and provisions and classify investments and other balances.
  • Provide critical analysis to ensure the accuracy of internal and external financial information.
  • Assist in the preparation of standalone entity financial information and disclosures in accordance with U.S. GAAP.
  • Safeguard the assets of the firm through independent scrutiny of financial information.
  • Reconcile, prepare, and report general ledger accounts, balance sheets, Profit & Loss (P&L), capital expenditures, etc. to external stakeholders.
  • Prepare quarterly financial information for inclusion in the firm’s consolidated financial statements filed with the SEC.
  • Liaise with other areas of the firm on various ad hoc inquiries.
  • Engage with the firm’s auditors to protect the firm from reputational and other risks.
  • Perform and review ad hoc analyses on financial and non-financial attributes of consolidating legal entities.
  • Master’s degree (U.S. or foreign equivalent) in Accounting, Finance or a related field and one (1) year of experience in the job offered or in a related role OR Bachelor’s degree (U.S. or foreign equivalent) in Accounting, Finance or a related field and three (3) years of experience in the job offered or in a related role.
  • One (1) year of prior experience with a Master’s degree OR three (3) years of prior experience with a Bachelor’s degree.
  • Utilizing knowledge of U.S. GAAP to produce or review financial information for inclusion in company’s consolidated financials.
  • Identifying issues related to internal controls and supplying comprehensive recommendations to management to mitigate company’s risks.
  • Participating in external financial audits, including 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 Profit & Loss (P&L) and balance sheet account amounts and reporting periods.
  • Using Excel, MS Word, and MS Powerpoint to create reports and perform analysis using pivot tables, VLOOKUP, charts, filtering, data validation, and other tools.
  • Utilizing accounting processes and analyzing financial control infrastructure, control risk assessments, and control framework.
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