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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
Bachelor's Degree in Accounting or Finance
5 Years' experience (2-4 years in payroll)
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.