Job Description

YOUR IMPACT

You will join a fast-paced, dynamic team with broad connectivity across the firm and play a key role in maintaining accurate financial reports for our charitable entities. As a member of Operations, you will play an important role in performing controls on key processes. On a day-to-day basis, you will complete finance and accounting operations across multiple Donor Advised Funds (DAFs), partnering closely with Trading teams, external custodians, Engineering, and Business Intelligence to ensure timely reconciliations, strong cash controls, and continuous process improvement.

OUR IMPACT

Ayco Charitable Services Group (ACSG) is a multi-faceted and cross divisional team within Operations which administers the Donor Advised Funds (DAFs) Goldman Sachs Donor Advised Philanthropy Fund for Wealth Management Inc (GS DAF), and Goldman Sachs Gives (GSG). ACSG collaborates with Private Wealth Advisor teams and clients to effectuate the clients’ granting goals, Engineering to uplift the client experience and Trading to establish plans for investments to maximize client impact. As the DAFs are 501(c)(3) public charities, ACSG is also responsible for producing regulatory reporting on the DAFs granting history in partnership with Legal, Compliance, Controllers and external Auditors.

HOW YOU WILL FULFILL YOUR POTENTIAL

• Conduct Daily Reconciliations and Remediate Breaks: Ensure the accuracy of the DAFs, GSPF and GSG, books and records versus custodian records. Liaise with Trading teams to remediate daily reconciliation differences and take corrective action when necessary.

• Perform Cash Controls: Receive, review, and process third-party vendor invoices in partnership with Accounts Payable. Monitor bank accounts for potential fraudulent activity. Coordinate with external custodians to close grant payment accounts and stop payments upon discovery of fraudulent activity. Review, process, and report on Charities’ expenses and budgets.

• Prepare Components of Regulatory Reporting: and tax filings for the Charities, including Form 990, Form 8282, FBAR, and other required reports. Assist in the preparation of financial statements for the Charities, including statements such as changes in net assets, net assets, and investment-related disclosures.

• Drive Organizational Change: Review existing team processes to identify inefficiencies and opportunities for automation or streamlining. Document requirements and partner with Engineering and Business Intelligence to implement operational efficiencies. Serve as a subject matter expert to external partners and efficiently communicate project updates to internal stakeholders.

• Control & Compliance: Ensure effective and consistent compliance with control procedures, risk controls, and high-quality assurance standards. Review, update, and create procedures for the Finance and Accounting area within Charitable Services.

• Senior Level Management Report & Daily Reporting: Generate daily, weekly, monthly, and annual reports; run and analyze KRI / KPI metrics relating to team health. Update the books and records of the Charities for financial transactions and accounting entries. Responsible for the preparation and presentation of comprehensive quarterly financial reports to the DAF’s Board of Directors. This includes providing detailed analyses of the donor-advised fund's financial performance and activities.

SKILLS AND EXPERIENCE WE’RE LOOKING FOR

BASIC QUALIFICATIONS

• Bachelor’s degree required.

• Minimum of 2 years of relevant professional experience.

• Proficiency in Microsoft Office, with a strong emphasis on Excel.

ACCEPTABLE FIELDS OF STUDY

Accounting; Business Administration and Management; Business Analytics; Economics; Finance; Information Systems; Mathematics; Marketing; Operations Management; Project Management.

PREFERRED QUALIFICATIONS

• Project management experience.

• Tax filing preparation experience.

• Finance and/or accounting experience.

• Cash management experience.

• Payment processing experience.

• Strong attention to detail and commitment to accuracy.

• Ability to remain composed under pressure and adapt in a fast-changing environment.

• Clear written and verbal communication skills and a proactive, team-oriented approach.