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Goldman Sachs & Co. Corporate and Workplace Solutions - Procure to Pay - Invoicing Analyst - Bengaluru in Bengaluru, Indiana

MORE ABOUT THIS JOB

WHO WE ARE

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

CWS

Comprised of Corporate and Workspace Solutions (CWS) and the Office of Global Security (OGS), the division focuses on commercial management, client support, advisory solutions, strategic planning, risk management, people security, real estate and technology solutions. The division delivers a world-class work experience and environment to the people of Goldman Sachs. We effectively manage the firm’s third party operating expense, including fostering opportunities to innovate and enable sustainable approaches, while also managing the risks associated with vendor engagements and a contingent workforce. Our core disciplines, focus on the following areas: Third Party Governance, Strategic Sourcing, Infrastructure and Transformation, Procure to Pay, and Product Finance.

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.

RESPONSIBILITIES AND QUALIFICATIONS

Position Summary

Expense Management Invoicing team’s primary responsibility is to manage invoice payments and exceptions in ERP system. The team handles all exceptions related to Invoice payments, partner with vendors, internal business contacts to ensure appropriate risk and controls are mitigated along the life cycle of invoice payments. Team also has additional responsibilities such as, collaborating with our vendor partner to ensure governance on invoice processing, Monthly engagement with internal clients & credit recoveries for AP.

Role and Responsibilities

  • Accounts Payable Invoicing Process for sensitive/ad-hoc payments

  • Managing day today exceptions related to invoice processing in ERP and ensuring reports are published on regular intervals

  • Ensuring vendor payments are scheduled/released and payments are received for outstanding credits; generally responding to all vendor enquiries regarding finance

  • Continuing to improve payment process by identifying gaps and efficiencies

  • Work with Business units on payment failures and reduce the risk of failed payments by resolving issues source

  • Working on country specify nuances related toward invoicing to ensure regulatory requirements are met

  • Query management and client responses

  • Be an active participant/contributor to process re-engineering with / without technology changes.

Qualification and Skills

  • Strong organizational and interpersonal skills

  • Enthusiastic, hardworking and able to work well under pressure

  • Good PC skills (Word, Excel); experience of accounting systems will be added advantage

  • Ability to work and contribute in a team environment and positively interact with various levels of management

  • Knowledge on accounts payable, Invoice processing and brief understanding of vendor management.

  • Brief understanding of regional tax requirements of AP (India, EMEA & Americas)

  • Understanding of SWIFT and other payment methodologies

  • ERP experience – SAP, ARIBA, SLP

  • Excellent partnership building skills and strong customer service perspective

  • Excellent communication skills.

ABOUT GOLDMAN SACHS

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. Learn more 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. Learn more:

© The Goldman Sachs Group, Inc., 2020. All rights reserved.Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

Location(s)IN-Bengaluru

Job ID2020-67865

Schedule TypeFull Time

LevelAnalyst

Function(s)General

RegionIndia

DivisionCorporate and Workplace Solutions

Business UnitProcure to Pay

Employment TypeEmployee

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