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Corporate Planning & Management - Hyderabad - Vice President - Accounting Services

Goldman Sachs

Goldman Sachs

Accounting & Finance
Hyderabad, Telangana, India
Posted on Thursday, June 6, 2024

Job Description

Our Impact

The objective of the Procure to Pay (P2P) 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.

Position Summary

The Vice President of Expense Management and Accounting Control is a pivotal role, responsible for overseeing and managing all aspects of expense management, accounting control and financial operations. This leadership position requires a deep understanding of accounting principles, a focus on process improvement, stakeholder management and a commitment to driving financial excellence. The role involves handling escalations, contributing to process re-engineering, ensuring tax compliance, and providing financial insights to support strategic decision-making, The VP will lead a team, foster a culture of collaboration, and work with multiple stakeholders across divisions. This position is instrumental in maintaining the integrity of financial data and achieving financial objectives. If you are a seasoned financial leader with a strong background in accounting, expense management and a passion for driving financial excellence we encourage you to apply for this role and be a driving force behind our financial success.

Role and Responsibilities

  • Team Leadership:
    • Manage and lead the expense management and accounting control team, providing guidance, support, and mentorship to team members.
    • Foster a culture of collaboration, accountability, and high performance within the team.
  • Accounting oversight:
    • Oversee accounting operations, ensuring the accuracy and integrity of financial data.
    • Implement and maintain accounting policies, procedures, and internal controls.
  • Expense Management:
    • Manage the end-to-end invoice processing, exception management and variance analysis.
    • Identify costing saving opportunities and implement cost control measures.
  • Process Improvement:
    • Continuously improve accounting and expenses management process to enhance efficiency and accuracy.
    • Lead and contribute to process re-engineering initiatives.
  • Stakeholder management:
    • Collaborate with various divisions and departments to ensure alignment with financial objectives.
    • Handle escalations and inquiries related to expense and accounting.
  • Tax Compliance:
    • Ensure compliance with tax regulations and reporting requirements.
    • Collaborate with tax authorities and manage external tax related escalations.
  • Query Management:
    • Address and resolve queries related to expense management and accounting promptly and effectively.

Qualification and Skills

  • Bachelor’s/ Master’s degree in accounting, Finance, or related field
  • 9+ years of relevant experience
  • Proven experience in accounting expense management and financial control, ideally in a leadership role.
  • Strong knowledge of accounting principles, tax regulations global and financial analysis
  • Exceptional stakeholder management and communication skills.
  • Experience in process improvement and re-engineering.
  • Proficient in using financial software and tolls.
    • ERP Tools: Ariba, SAP S4, TeamConnect and Field Glass
  • Ability to handle external escalations effectively.
  • Strong leadership and team management capabilities
  • Excellent problem-solving skills and attention to details.
  • Strategic thinking and the ability to contribute to the organization’s growth.
  • Minimum 10-15 years’ experience in a similar role

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.

Function Description

Spend Management: Aligns advisory and management functions that drive operating efficiency, including advising on commercial agreements and managing third party engagements and payments. Departments include Product Finance, Strategic Sourcing, Procure to Pay, Integrated Travel and Expense and Infrastructure and Transformation.

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., 2023. All rights reserved.

Goldman Sachs is an equal employment/affirmative action employer