Corporate & Workplace Solutions - Procure to Pay - Invoice Validation - Senior Analyst - Bengaluru

MORE ABOUT THIS JOBWHO WE AREThe 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.CWSComprised 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 QUALIFICATIONSPosition SummaryWithin the Expense Management vertical, the invoice validation team is responsible for processing, validation and payment of external vendor fees. The team handles invoices pertaining to market data, telecom, legal, consulting and staff augmentation related spends. Invoices are reconciled against inventory systems and contracts wherever applicable and made sure that payments are made on time to the respective vendors. This team is also the front-end administrators of the matter management and e-billing systems used for these invoices and is responsible for handling queries & liaising with internal stakeholders & vendors.Role and ResponsibilitiesReview invoices received, for their content and conformity to GS billing guidelines; enforce compliance by communicating any issues found promptly and directly with outside billing areas

Work with internal stakeholders including divisional finance teams to identify appropriate allocations and resolve allocation queries

Develop, manage and maintain positive relationships with internal and external stakeholders

Identify billing errors and dispute charges with the Vendor

Validate charges against inventory system and contract in case of telecom and market data invoices

Monitor and follow up regularly with stakeholders to ensure prompt payment of compliant invoices

Daily reporting of aged invoices as well as monthly and ad-hoc reporting as required

Qualification and SkillsGraduate degree with 2-3 yrs experience preferably from Accounts Payable background

Knowledge on invoice processing a plus

Customer service oriented individual who is comfortable working with people at all organizational levels

Knowledge on accruals, allocating charges to correct GL & depts.

Proficient with Microsoft Excel and other MS Office products

Ability to communicate clearly and concisely, both verbally and in writing

Self – starter with the ability to multi-task and handle multiple assignments simultaneously

Flexible to work across multiple time zones

Ability to prioritize workload and meet deadlines

Motivated, team player with a positive attitude

ABOUT GOLDMAN SACHSABOUT GOLDMAN SACHSAt 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 IdentityLocation(s)IN-BengaluruJob ID2020-66885Schedule TypeFull TimeLevelSenior AnalystFunction(s)GeneralRegionIndiaDivisionCorporate and Workplace SolutionsBusiness UnitProcure to PayEmployment TypeEmployee