The Goldman Sachs Group, Inc

Controllers, Asset & Wealth Management Public Product Control, Jersey City, Analyst

The Goldman Sachs Group, Inc$80K — $120K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 2+ years in statutory insurance investment/securities accounting
  • Experience with investment systems implementation/conversion/support
  • Understanding of general investment accounting regulations and insurance-specific requirements
  • Knowledge of multi-basis investment accounting (STAT, GAAP, IFRS)
  • Familiarity with accounting systems like Clearwater Analytics or SS&C
  • Strong analytical and time management skills
  • Bachelor's degree in accounting required

Responsibilities

  • Coordinate detailed implementation planning for Clearwater Analytics accounting system with stakeholders
  • Document and oversee compliance of client-related accounting policies across business units
  • Direct daily operations with accounting vendor and GSAM staff
  • Ensure adherence to policies for insurance accounting platform and separate accounts
  • Analyze, review, and reconcile investment accounting results for timely client deliverables
  • Assist Client Services Division with accounting-related client inquiries
  • Collaborate with Operations and Technology teams to establish workflow protocols
  • Drive enhancements for the GSAM accounting platform to meet client requirements

Benefits

  • Comprehensive health benefits
  • Retirement savings plan with company match
  • Flexible work arrangements
  • Opportunities for professional development and training
  • Collaborative work environment with cross-functional teams
Full Job Description
Job Description

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.

Summary:

The candidate will be part of the IMD Product Controllers Insurance Accounting Team. The candidate will primarily interact with Controllers team/management, Client Services, Fixed Income, Alternatives, Bank Loans, Operations and the Global Institutional and OCIO Insurance Business Units, among others. The entities involved will include separately managed accounts across multiple asset classes in support of global GSAM Institutional and OCIO insurance asset management mandates.

Principal Responsibilities:
  • Responsible for coordination of detailed implementation planning and support of Clearwater Analytics investment accounting system book of record accounting clients with vendor (Clearwater) and GSAM stakeholder departments.
  • Acquires and documents an understanding of client related accounting policies, oversees application and compliance of such policies in operational practice across GSAM business units and ensures an adequate control environment within the accounting services offering.
  • Oversees and directs day-to-day operational activities with accounting vendor and GSAM federation staff members.
  • Documents, and ensures adherence to, policies and procedures surrounding the insurance accounting platform and insurance mandate separate accounts within the GSAM separate account universe.
  • Analyzes, reviews and reconciles book of record investment accounting results and ensures timely submission of client deliverables as contractually required.
  • Supports Client Services Division in responding to client accounting related inquiries.
  • Works closely with GSAM Operations and Technology teams to establish and troubleshoot standard workflow protocols in support of the accounting platform business model.
  • Drives initiatives to develop and enhance the GSAM accounting and reporting outsourcing platform to meet ongoing insurance client requirements.
  • Assist Global Insurance unit distribution team in understanding and developing marketing materials related to insurance investment accounting services offering

Experience/Skills:
  • Requires a minimum of two years in statutory insurance investment/securities accounting experience in addition to Statutory investment accounting systems experience
  • Investment systems implementation/conversion/support experience a strong plus
  • Knowledge of general investment accounting requirements and associated regulatory filings in addition to insurance specific regulatory accounting and operations
  • Basic knowledge of multi-basis investment related accounting requirements including STAT, GAAP, IFRS, etc. is highly desirable.
  • Strong knowledge of insurance industry investment accounting/processing systems, workflows and associated deliverables including experience with Clearwater Analytics and/or SS&C platforms.
  • Comprehensive analytical skill set
  • Strong time management skills and the ability to adhere to strict deadlines
  • Advanced knowledge of spreadsheet applications
  • Sound written and oral communication skills
  • Ability to interact directly with third-party clients and supporting constituents
  • Bachelors degree in accounting required

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

Work You’ll Do

At Goldman Sachs, you will be part of a dynamic environment that fosters growth, diversity, and professional development. Engage in transformative projects that redefine the landscape of global finance, driven by a culture of high performance and continuous improvement.

Lead with Innovation and Leadership

Step into a role where your skills will be honed and your leadership capabilities enhanced. The Goldman Sachs Group, Inc. is at the forefront of merging financial expertise with technological innovation, creating a platform for you to lead impactful initiatives.

Join Our Diverse and Inclusive Team

Diversity and inclusion are at the core of our company culture. With employees from various backgrounds, Goldman Sachs thrives on the rich ideas and perspectives that this diversity brings. Here, every team member’s contribution is valued, and every voice is heard.

Explore Job Opportunities and Internships

Whether you’re seeking full-time employment or looking into internship opportunities, Goldman Sachs offers a range of positions that cater to different skills, experiences, and career aspirations. From analyst to executive positions, discover how you can contribute to our legacy of success.

Networking and Professional Growth

Goldman Sachs is not just a workplace. It is a community where you can build lasting relationships with colleagues and industry leaders. Our networking events, mentorship programs, and professional groups foster connections that can accelerate your career trajectory.

Benefits and Career Development

Invest in your future with Goldman Sachs’ unparalleled employee benefits and career development programs. From comprehensive health benefits to personalized career coaching and leadership training, we ensure that our team is equipped for success, both professionally and personally.

Prepare for Your Future

Ready to take the next step? Prepare your resume, sharpen your interview skills, and explore the vast array of job opportunities at The Goldman Sachs Group, Inc. Our hiring process is designed to identify and nurture talent, helping you to achieve your career goals.

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Join The Goldman Sachs Group, Inc.

Embark on a rewarding journey with The Goldman Sachs Group, Inc. where your potential is limitless. Explore positions, read about our company culture, and apply today to become part of a team that values growth, leadership, and innovation.

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At The Goldman Sachs Group, Inc., your career is just the beginning – it’s an opportunity to excel and lead in the global financial industry. Join us and make your mark!
Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ

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