Associate with Goldman Sachs & Co. LLC in Jersey City, NJ.
Work Schedule: 40 hours per week (9:00 a.m. to 6:00 p.m.)
Duties: Associate with Goldman Sachs & Co. LLC in Jersey City, NJ. Review quarterly/annual trial balances, investor allocations, capital statements and financial statements for private equity funds managed by Goldman Sachs. Liaise with third party administrator, independent auditor, and internal teams such as legal, tax and operations regarding accounting matters. Participate in due diligence process related to new investments to identify operational control risks. Validate third party administrator’s management fee and carried interest calculations to ensure that they are in accordance with the governing documents of the fund. Perform review of financial statements generally prepared under US Generally Accepted Accounting Principles (GAAP) Investment Company Guidelines, including accounting, valuation and financial oversight for private equity funds. Support technology initiatives by providing scope of project, managing timeline, and coordinating testing. Prepare various regulatory reports, compliance reports and reports to Board of Directors related to funds. Participate in new fund launches, including review of fund documentation (LPA/PPM/OM/Side Letters), fund set up, and vendor selection.
Job Requirements: Bachelor’s degree (US or foreign equivalent) in Accounting, Finance, or a closely related field. Three (3) years of experience in the job offered or a related role. Must have three (3) years’ experience with: Preparing or reviewing carried interest (or incentive fee) calculations; Preparing or reviewing management fee calculations; Utilizing Microsoft Excel’s V-lookup, PivotTable and Conditional Formatting functions to extract, analyze and compile data; Applying understanding of US GAAP as it relates to private investment companies (specifically, ASC 946); and Applying understanding of private equity fund structures.
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