Associate, Financial Accounting

$99,000 - $138,000/Yr

Goldman Sachs - Jersey City, NJ

Full-time - Mid Level

Jersey City, NJ

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The Associate, Financial Accounting position at Goldman Sachs & Co. LLC in Jersey City, New Jersey, involves managing the accounting of equity awards, payroll taxes, and mark-to-market accruals in compliance with relevant accounting standards. The role requires collaboration with various teams to prepare financial projections, ensure compliance with operational risk mitigation, and support audit requests, while also identifying process improvement opportunities.

Responsibilities

• Calculate, record, and report the accounting of equity awards amortization, employer payroll taxes, and mark-to-market accruals.
• Prepare deferred compensation estimates and projections for Business Planning Committee meetings and Federal Reserve Bank stress tests.
• Perform reconciliations and maintain documentation in accordance with Sarbanes-Oxley legislation.
• Coordinate with regional payroll teams to determine employer tax rates for accurate payroll tax expense calculations.
• Document system functionality and create standard operational procedures.
• Execute User Acceptance Testing (UAT) for system enhancements due to regulatory changes.
• Liaise with different divisions to analyze and provide support on Profit & Loss and Balance Sheet variances.

Requirements

• Bachelor's degree in Finance, Accounting, or a related field.
• Two years of experience in financial accounting or a related role.
• Experience with accounting processes and analyzing financial data under time-sensitive conditions.
• Strong organizational and analytical skills with attention to detail.
• Experience liaising cross-functionally with strong communication skills.
• Proficiency in Microsoft Excel, Word, Access, and PowerPoint, including advanced Excel functions.

Nice-to-haves

• Experience with Anaplan for financial projections.
• Familiarity with International Financial Reporting Standards (IFRS).

Benefits

• Competitive salary range of $99,000 to $138,000 per year.
• Opportunities for professional development and career advancement.