Corporate Planning

The Corporate Planning & Management (CPM) Division unifies Finance & Planning, Spend Management, Operational Risk and Resilience, and CPM Engineering teams to deliver business planning and analytics, expense management, third party risk management, and governance strategies across the firm. CPM have 5 operating pillars.

Finance & Planning supports the execution of the firm's strategic objectives through the management of the planning process, firmwide reporting and analytics and insights into the firm's business plans and budgets. They develop consistent framework for revenue division projections creating transparency, accountability and efficiency around projections. This pillar also includes the CF&O, EO and Engineering divisional CFOs, who are strategic finance advisors helping the firm and the non-revenue divisions achieve commercial financial opportunities. Product Finance is responsible for the overall governance and proactive management of the firm's non-compensation expenses. Spend Management encompasses the functions responsible for managing all aspects of the firm's spend with third parties - advising commercial agreements and driving operating efficiency. Departments include Strategic Sourcing, Procure to Pay, Integrated Travel and Expense, Infrastructure and Transformation and Sustainable Operations. Operational Risk & Resilience drives firmwide Operational Risk programs along with second line teams and implements required changes within CPM. The Corporate Insurance & Advisory team in this pillar identifies, procures, and manages corporate insurance needs for the firm and its investing businesses. The CPM Engineering team provides engineering solutions that enable the firm to manage third-party spend, data and automation, plan budgets, forecast financial scenarios, allocate expenses and support corporate decision making in-line with the firm's strategic objectives.

Role Overview

Professionals in CPM have an analytical mindset, exhibit intellectual curiosity and are from diverse academic backgrounds. This role sits in Procure To Pay, within the Spend Management pillar. 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.

The role requires collaboration with different functions across the firm on a regular basis, an ability to work independently, and ability to interact with senior professionals across the firm. It also entails in-depth analysis and reporting for senior management, requiring diligence and a commercial mindset. The candidate is required to work closely with global counterparts. Should have excellent verbal and written communication skills.

Job responsibilities will include, but are not limited to:

• Partner with divisional leadership to understand business drivers and initiatives
• Manage non-revenue divisions operating expenses including full ownership and accountability of the spend which would include month-end reviews, quarterly and yearly analysis
• Collaborate with divisional leadership teams and product owners across the firm on a regular basis to analyze and forecast spend
• Prepare budget and take full ownership of the budgeting and reforecasting cycles and assist with presentation materials for senior leadership
• Lead the team's efforts to identify areas where we can better leverage technology and automate processes
• Prepare and analyze reports related to allocation of various expenses to different businesses and identifying areas to better leverage tools to ensure correctness of cost allocation
• Lead the team's efforts to do in-depth variance analysis of budgets and actuals for various expense lines
• Support the team to collaborate with businesses, estimate the expenses and allocation to revenue divisions monthly
• Identify potential areas to create operational efficiencies and automate manual processes
• Ensure correctness of General Ledger by reviewing and monitoring month-end closure activities/entries
• Maintain department's organizational hierarchy in multiple systems

Qualifications:

• Specific knowledge on Accounts Payable products like Ariba Guided Buying/Buying and Invoicing, S4, FieldGlass, SLP, TeamConnect is essential
• End-to-end process understanding of various functions within P2P is a must (Vendor Management, Invoice Processing, Tax, Accounting Control and Payment Reconciliation)
• Relevant Bachelor's degree or equivalent qualification with an excellent academic record;
• 2-4 years of relevant experience in the field of finance, accounting, and/or business management
• Analytical capabilities and financial modeling experience
• Excellent communication and interpersonal (written and verbal) skills, strong attention to detail
• Ability to lead across team members and drive assignments to completion
• Ability to multi-task & deliver under pressure
• Solid work ethic and high level of motivation
  Proficient in Microsoft Excel and PowerPoint
• 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. about our culture, benefits, and people at
  
  We're committed to finding reasonable accommodations for candidates with special needs or disabilities
  
  during our recruiting process. :
  
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We Offer Best-In-Class Benefits

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

Holiday & Vacation Policies

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees' priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.

Opportunity Overview
CORPORATE TITLE
Associate
OFFICE LOCATION(S)
Bengaluru
JOB FUNCTION
Accounting Services
DIVISION
Corporate Planning & Management