Accounting Professional – Bill Pay

Job Description

Asset & Wealth Management, Private Family Office, Bill Pay, Analyst – Albany | Goldman Sachs

The Tone:
This is a full-time role at Goldman Sachs, located in Albany, NY. Goldman Sachs is a leading global investment banking, securities, and investment management firm, founded in 1869, which commits its people, capital, and ideas to help its clients, shareholders, and communities grow. This Analyst position is within the Bill Pay team of the Private Family Office, which provides proactive financial counseling and full-service implementation to address the complex financial needs of ultra-high-net-worth individuals and their families, including CEOs, founders, and private equity principals. The team offers a single point of contact for clients, managing their financial affairs holistically, encompassing areas like investment review, tax planning, estate planning, and cash management. This role within the Bill Pay team is crucial for delivering essential accounting services, such as managing accounts payable, accounts receivable, general ledger maintenance, and account reconciliation, directly supporting these strategic clients by ensuring meticulous financial record-keeping and robust reporting.

The TL;DR
• Role: Early Career
• Location: In-person Albany, NY
• Team: Bill Pay team within the Private Family Office.
• Mission: To provide proactive record-keeping and bill payment services to high net worth individuals, managing their financial affairs through accurate accounting, reconciliation, and reporting.

What You’ll Actually Do
• Record Maintenance: Execute general ledger account maintenance for clients’ financial activities, ensuring accurate and up-to-date financial records.
• Payment Processing: Manage client expenditures by processing accounts payable, which involves handling invoices and vendor payments efficiently.
• Revenue Management: Process incoming client funds through managing accounts receivable, ensuring timely and accurate recording of receipts.
• Financial Reporting: Prepare comprehensive client reports, including all tasks necessary for the accurate completion of bank account reconciliations.
• Stakeholder Communication: Act as a central point of contact, facilitating clear communication and coordination among clients, various vendors, and internal counseling teams regarding financial matters.

The Must-Haves
• Background: An Associate’s degree is a required minimum qualification for this early career Analyst position. Candidates should possess core domain knowledge in bookkeeping and accounting principles.
• Experience: Preference will be given to candidates with prior professional experience in a bookkeeping or accounting position.
• Skills: Demonstrated strong verbal and written communication abilities are essential for client and team interactions. Candidates must also possess strong organizational skills with excellent attention to detail, alongside the capacity to manage multiple priorities and deadlines simultaneously.
• Bonus: Preferred qualifications include knowledge of General Ledger accounting, accounts payable (AP), accounts receivable (AR), payroll, and bank reconciliation procedures. Small business experience, specifically with 1099 reporting and sales/use tax, is also a valuable asset.