• CIMD, GSAM Credit Alternatives – Financial Accounting and FP&A Vice President – West Palm Beach

    Location(s) US-FL-West Palm Beach
    Job ID
    2019-50937
    Schedule Type
    Full Time
    Level
    Associate
    Function(s)
    Investment Management
    Region
    Americas
    Division
    Consumer and Investment Management Division
    Business Unit
    Renewable Power Group
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    Consumer and Investment Management (CIMD)

    The Consumer and Investment Management Division includes Goldman Sachs Asset Management (GSAM), Private Wealth Management (PWM) and our Consumer business (Marcus by Goldman Sachs). We provide asset management, wealth management and banking expertise to consumers and institutions around the world. CIMD partners with various teams across the firm to help individuals and institutions navigate changing markets and take control of their financial lives.

     

    INVESTMENT MANAGEMENT

    We’re a team of trusted advisors who provide innovative investment solutions to help our clients meet their financial goals. From private wealth to asset management, we work with specialists and groups from around the firm to help high-net-worth individuals and institutions across various industries navigate changing markets and make smart investments. We value self-starters with an entrepreneurial spirit, but still provide the support and resources to ensure your success.

     

    Goldman Sachs Asset Management (GSAM) delivers innovative investment solutions through a global, multi-product platform that offers clients the advantages that come with working with a large firm, while maintaining the benefits of a boutique.  GSAM is one of the pre-eminent investment management organizations globally. Critical to the success of GSAM is our ability to leverage a global team of talented professionals to define solutions and lead change across the operational infrastructure. 

     

    OUR IMPACT

    The Renewable Power Group (“RPG”) is a rapidly growing team which invests client capital in clean energy assets, including solar, storage and wind. The team sits within Goldman Sachs Asset Management (“GSAM”) Credit Alternatives, a boutique investment platform with approximately $8 billion under management.  RPG benefits from an experienced team of industry veterans and significant financial backing, which has resulted in meaningful growth since the team was founded in 2017. We have long-term plans to be among the world’s largest owners and operators of clean energy assets, and are therefore looking to hire a Vice President to establish and lead a new team within RPG which will be responsible for managing all aspects of project level financial accounting, including maintenance of books and records, financial planning and analysis, and accounting due diligence for acquisition opportunities.

     

    YOUR IMPACT 

    You will play an instrumental role, working closely with RPG’s Asset and Risk Management team to manage all aspects of project level financial accounting for RPG, as well as financial planning for both specific portfolios and the overall asset fleet. You will have primary responsibility for establishing and leading a new team within a growing, entrepreneurial business.

    RESPONSIBILITIES AND QUALIFICATIONS

    RESPONSIBILITIES AND QUALIFICATIONS

     

    Responsibilities:

    • Establish, structure, and ultimately lead a team of accounting professionals who will be responsible for:
      • Maintaining the books and records for RPG’s clean energy projects
      • Invoicing of counterparties and ongoing management of accounts receivable  
      • Performing accounting due diligence on clean energy projects (both development and operating) under consideration for acquisition by RPG
      • Building and managing financial models to forecast  profit and loss, operating performance, and cash available for distribution
      • Presenting projected financial metrics for upcoming periods to RPG management.
      • Predicting future cash flow to optimize cash management
      • Conducting scenario analysis and modeling to inform decision-making on potential asset fleet optimization measures, such as solar module upgrades and implementation of battery storage
      • Conducting scenario analysis and modeling to inform decision-making on the liability side of the balance sheet, notably on operating expenses, capital expenses and financing initiatives for the asset fleet
      • Conducting scenario analysis and modeling to evaluate new business strategies and investment opportunities
      • Performing special analysis in response to market events and presenting to RPG management regularly

     Qualifications:

    • CPA and Bachelor’s degree (U.S. or equivalent) in accounting and/or finance required
    • Minimum 10 years prior work experience in financial accounting
    • 3-5  years clean energy industry experience, preferably in solar;  clean energy FP&A experience a plus
    • Demonstrated track record of career progression, including assumption of management responsibilities 
    • Excellent communication skills, both written and verbal
    • Ability to work both collaboratively and independently with the willingness to constantly think outside of the box
    • Highly organized and proven ability to execute and manage complex logistics, projects, and tasks under tight time constraints
    • Strong analytical/logical mindset and attention to detail; extensive experience working with large sets of data; financial modeling aptitude
    • Fluency required in Excel (VBA knowledge a plus), PowerPoint and Word

    ABOUT GOLDMAN SACHS

    The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

    © The Goldman Sachs Group, Inc., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.