Services - Invoice Validation - Analyst - Bengaluru

Location(s) IN-Bengaluru
Job ID
2020-61124
Schedule Type
Full Time
Level
Analyst
Function(s)
General
Region
India
Division
Services
Business Unit
Procure to Pay
Employment Type
Employee

MORE ABOUT THIS JOB

WHO WE ARE
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.


SERVICES
Corporate Services and Real Estate (CSRE) and the Office of Global Security (OGS), drive productivity and enable the firm’s flow of business while ensuring its safety and security. CSRE creates the world’s best work experience and environment for the people of Goldman Sachs and OGS’s mission is to protect the firm's people, assets, and reputation.
Business Finance & Spend Management (BFSM) is a part of the Services division and the objective of this 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

 

Position Summary
Within the Expense Management vertical, the invoice validation team is responsible for processing, validation and payment of external vendor fees. The team handles invoices pertaining to market data, telecom, legal and consulting related spends. Invoices are reconciled against inventory systems and contracts wherever applicable and made sure that payments are made on time to the respective vendors. This team is also the front-end administrators of the matter management and e-billing systems used for these invoices and is responsible for handling queries & liaising with internal stakeholders & vendors.

 

Role and Responsibilities
 Review invoices received, for their content and conformity to GS billing guidelines; enforce compliance by communicating any issues found promptly and directly with outside billing areas
 Work with internal stakeholders including divisional finance teams to identify appropriate allocations and resolve allocation queries
 Develop, manage and maintain positive relationships with internal and external stakeholders
 Identify billing errors and dispute charges with the Vendor
 Validate charges against inventory system and contract in case of telecom and market data invoices
 Monitor and follow up regularly with stakeholders to ensure prompt payment of compliant invoices
 Daily reporting of aged invoices as well as monthly and ad-hoc reporting as required

 

Qualification and Skills

 Graduate degree with 2-3 yrs experience preferably from Accounts Payable background
 Knowledge on invoice processing a plus
 Customer service oriented individual who is comfortable working with people at all organizational levels
 Knowledge on accruals, allocating charges to correct GL & depts.
 Proficient with Microsoft Excel and other MS Office products
 Ability to communicate clearly and concisely, both verbally and in writing
 Self – starter with the ability to multi-task and handle multiple assignments simultaneously
 Flexible to work across multiple time zones
 Ability to prioritize workload and meet deadlines
 Motivated, team player with a positive attitude

 

ABOUT GOLDMAN SACHS

ABOUT GOLDMAN SACHS


At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.

We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html



© The Goldman Sachs Group, Inc., 2020. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity