Finance - Compensation Accounting ( US Payroll ) - Associate - Bengaluru

  • Competitive
  • Bangalore, Karnataka, India Bangalore Karnataka IN
  • Permanent, Full time
  • Goldman Sachs International
  • 17 Jul 18 2018-07-17

Finance - Compensation Accounting ( US Payroll ) - Associate - Bengaluru

MORE ABOUT THIS JOB
FINANCE

We're a team of specialists charged with managing the firm's liquidity, capital and risk, and providing the overall financial control and reporting functions. Whether assessing the creditworthiness of the firm's counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the firm's success. The division is ideal for collaborative individuals who have strong ethics and attention to detail.

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. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

WHO WE ARE
Compensation Accounting (CA) is responsible for accounting, reporting and payment of salary, bonus, and other types of remuneration paid to employees of the firm. We are responsible for the analysis and reporting of wage information and tax payments to domestic and international tax authorities. In addition, we are also responsible for the accounting, taxation and reporting of employee share-based compensation. We work closely with areas of the firm such as Human Capital Management ("HCM"), Tax, Treasury, Legal and Corporate Financial Reporting.
Compensation Accounting has five regional teams strategically located in Jersey City, London, Hong Kong, Bangalore and Sao Paulo.
This role is located in Bengaluru and will support various aspects of the US International payroll operations.

RESPONSIBILITIES AND QUALIFICATIONS
Job Description:

  • Responsible for the general ledger bookings of the international payrolls for the executives and expatriates involving multiple currencies and foreign exchange conversions
  • Responsible for the global cash bonus allocations and accruals
  • Reconcile balance sheet accounts on a monthly basis and confirm through the quarterly balance sheet substantiation process
  • Collaborate with the Corporate Accounting team and Legal Entity Controllers for foreign exchange estimates and currency hedges
  • Coordinate the payroll year end processes with global HCM, CA Technology and regional CA hubs
  • Ensure compliance with Sarbanes Oxley Controls and quality assurance to maintain financial controls related to compensation
  • Partner with global HCM and regional CA teams for benefits including relocation and tax equalization
  • Coordinate the tax equalization and short term assignee payments and receivables with HCM, external vendors, and the regional CA teams
  • Perform monthly variance analyses related to compensation and benefits
  • Participate in a wide range of compensation related and ad-hoc projects
Basic Qualifications:
  • Bachelor's Degree in Accounting or Finance
  • 5 Years' experience (2-4 years in payroll)
Preferred Qualifications:
  • Ability to multi-task and remain flexible to constantly changing priorities.
  • Strong organization and analytical skills.
  • Extreme attention to details and the ability to follow through
  • Strong Interpersonal skills
  • Strong Excel skills
  • Strong communication skills


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.