• Technology Management & Strategy - TFS Financial Analyst

    Location(s) IN-Bengaluru
    Job ID
    2018-45514
    Schedule Type
    Full Time
    Level
    Analyst
    Function(s)
    Technology
    Region
    India
    Division
    Engineering
    Business Unit
    Tech Management & Strategy
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    What We Do
    At Goldman Sachs, our Engineers don’t just make things – we make things possible. Change the world by connecting people and capital with ideas. Solve the most challenging and pressing engineering problems for our clients. Join our engineering teams that build massively scalable software and systems, architect low latency infrastructure solutions, proactively guard against cyber threats, and leverage machine learning alongside financial engineering to continuously turn data into action. Create new businesses, transform finance, and explore a world of opportunity at the speed of markets.

    Engineering, which is comprised of our Technology Division and global strategists groups, is at the critical center of our business, and our dynamic environment requires innovative strategic thinking and immediate, real solutions. Want to push the limit of digital possibilities? Start here.

    Who We Look For
    Goldman Sachs Engineers are innovators and problem-solvers, building solutions in risk management, big data, mobile and more. We look for creative collaborators who evolve, adapt to change and thrive in a fast-paced global environment.
    Key role on the team to help support all division wide financial reporting.

    RESPONSIBILITIES AND QUALIFICATIONS

    Job Summary & Responsibilities:

     

    BUSINESS UNIT AND ROLE OVERVIEW

     

    Bangalore Technology Financial Services (TFS) consists of a team of 25 residing within the Technology Division, providing financial support, management and control for all Technology expenses. The main functions include Financial Control, Financial Analysis, Business Unit Support and Administration (e.g. contracts management). The team also covers month-end accounting, reporting, pricing and product management with extensive liaison with technology and non-technology staff globally.

     

    RESPONSIBILITIES

     

    Monthly close, process fixed asset adjustments (additions/write-offs), balance sheet analysis, financial reporting and analysis for technology spend, capital projects and depreciation. Tasks include budgeting, balance sheet reconciliation and management, project management, managing accruals and local management oversight when required. Provide support for managed spend product controllers in the areas of monthly close, accrual calculations and uploads, estimates, normalization and invoice management.

     

     Monthly Close

    • Analyze the invoice accounts of Technology products and staffing to determine accruals
    • Process accrual uploads and maintain invoice accounts
    • Provide variance commentary for distribution to Controllers
    • Perform regular reviews of product prices, staff allocations and headcount reporting
    • Conduct quarterly substantiation of asset and liability accounts; Report Tech commitments to controller
    • Maintain/provide monthly drawdown of selected prepaid technology assets, capitalization, retirement of asset from deferred/capital work-in-progress accounts. Further, monitor these accounts and communicate with account owners periodically
    • Perform asset classification checkouts and reclassification/transfer as necessary
    • Perform Project Costing Reconciliation
    • Prepare journal entries to clear asset balances in the technology deferred account for the Americas region
    • Balance Sheet Substantiation – substantiate balance in technology deferred account
    • Approve orders for capital /opex as an SME after checking the approved budget, accounting treatment, correct classification of expenditure to general ledger accounts.

    Budgeting

    • Support the Tech Managers during the forecasting and budgeting processes
    • Coordinate aspects of the Technology Division annual budget process, including working with TFS in New York and London; Provide local support to managers by analysing and reporting results

    Process Improvement

    • To identify opportunities to improve process.
    • Participate in reengineering initiatives; Support the implementation of tools/systems to automate processes

    BASIC QUALIFICATIONS

     

    • Candidates should be a qualified Chartered Accountant (through recognised professional body)
    • Candidates should have a strong accounting background and 2+ years’ work experience post qualification, preferably working in Finance divison.
    • Motivated self-starter, inquisitive, enthusiastic with impeccable attention to detail
    • Strong analytical skills and comfortable handling large volumes of data and present information to senior management
    • Excellent interpersonal, client relationship and communication (written and verbal) skills, including being comfortable dealing with people at a senior level
    • Courage to challenge current practice and initiative to suggest new ways of working
    • Ability to cope with multiple demands on time and prioritize accordingly
    • MS Office knowledge (Excel, PowerPoint, Word) required
    • Proficient in the use of Hyperion/Essbase, Smart view

    ABOUT GOLDMAN SACHS

    The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

    © The Goldman Sachs Group, Inc., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.