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Controllers- - CAPA - Associate - Bengaluru

Goldman Sachs

Goldman Sachs

Accounting & Finance
Bengaluru, Karnataka, India
Posted on Thursday, June 6, 2024

Job Description

CONTROLLERS

Controllers ensure that the firm meets all the financial control and reporting obligations of a global, regulated, and public financial institution. Our professionals measure the profitability of, and risks associated with, every aspect of the firm's business. Controllers also ensure that the firm's activities are conducted in compliance with the regulations governing transactions in the financial markets.

OUR IMPACT
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 business is ideal for collaborative individuals who have strong ethics and attention to detail.

BUSINESS UNIT


The Controllers group is responsible for safeguarding the firm's assets: to help maintain the integrity of Goldman Sachs' finances and expenditures. Through careful consideration and analysis of firm finances, objectives and strategies, we ensure that the firm's businesses continue to be profitable and efficiently run. Controllers also ensure that all business practices are in compliance with financial and regulatory requirements worldwide. Since contact with virtually every part of the firm is essential to Controllers, professionals in the department experience Goldman Sachs businesses, products and sophisticated technology systems in depth.
The Capital Assets Planning and Analysis (CAPA) team acts as the subject matter expert in all areas involving accounting and reporting for Leases, Fixed Assets, Long-Term Construction Projects and Internally Developed Software, amongst other things. The team is involved in accounting policy decisions affecting complex capital projects and real estate deals in the Special Situation Investment Group. The team plays an instrumental role in providing inputs for the SEC and Fed reporting


JOB RESPONSIBILITIES


 Responsible for accounting and managing the capital projects and fixed assets for entities across the globe in accordance with all relevant GAAPs & ensure that financial reporting of fixed assets meets applicable accounting principles and regulations
 Create and monitor a system of controls, procedures, and forms for accounting of fixed assets.
 Recommend to management any updates to accounting policies related to fixed assets.
 Analyze significant capital asset/ real estate contracts based on applicable literature under US GAAP and have discussions with accounting policy on the appropriate accounting treatment.
 Analyze and reconcile the balance in the fixed asset subsidiary ledger to general ledger and ensure appropriate resolution of breaks
 Provide variance analysis and prepare management reporting packs on monthly/quarterly basis
 Track expenditures in comparison to the capital budget and management authorizations for significant projects.
This position description is intended to describe the duties most frequently performed by an individual in this position. It is not intended to be a complete list of assigned duties but to describe a position level. The
role shall be performed within a professional office environment. Goldman Sachs has health and safety polices that are available for all workers upon request. There are no specific health risks associate with the
role.
 Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.
 Support details required by the tax teams for preparation of tax returns.
 Perform SoX control procedures, Balance Sheet substantiation, etc.


SKILL / EXPERIENCE


 Qualified CA
 Basic industry knowledge and strong accounting knowledge.
 Strong analytical skills and detail oriented
 MS Office knowledge (Word, Excel) required
 Willingness to learn and apply new concepts


COMPETENCIES


 Candidate must be proactive, enthusiastic and team oriented
 Ability to prioritize and make decisions in a fast-paced environment
 Accuracy and attention to detail



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


Please note that our firm has adopted a COVID-19 vaccination requirement for employees who work onsite at any of our U.S. locations to safeguard the health and well-being of all our employees and others who enter our U.S. offices. This role requires the employee to be able to work on-site. As a condition of employment, employees working on-site at any of our U.S. locations are required to be fully vaccinated for COVID-19, and to have either had COVID-19 or received a booster dose if eligible under Centers for Disease Prevention and Control (CDC) guidance, unless prohibited by applicable federal, state, or local law.

Applicants who wish to request for a medical or religious accommodation, or any other accommodation required under applicable law, can do so later in the process. Please note that accommodations are not guaranteed and are decided on a case by case basis.


© The Goldman Sachs Group, Inc., 2023. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity