Asset & Wealth Management - Client Revenue Operations

ASSET MANAGEMENT

Bringing together traditional and alternative investments, we provide clients around the world with a dedicated partnership and focus on long-term performance. As the firm s primary investment area, we provide investment and advisory services for some of the world s leading pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals, for which we oversee more than $2 trillion in assets under supervision. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. We are:

• Investors, spanning traditional and alternative markets offering products and services
• Advisors, understanding our clients priorities and poised to help provide investment advice and strategies that make sense for their portfolios
• Thought Leaders, providing timely insights across macro and secular themes to help inform our clients investment decisions
• Innovators, using our suite of digital solutions to help our clients address complex challenges and meet their financial goals

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.

YOUR IMPACT

Are you looking for a new challenge in a dynamic, international environment in asset managementDo you have excellent communication skills alongside an interested in a broad range of responsibilities

OUR IMPACT

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.

Client Revenue Operations (CRO) is part of the GSAM which is at the heart of the Goldman Sachs Asset Management (GSAM) funds and separate accounts business. CRO covers a range of activities that allows team members to interact with a number of other internal teams as well as external teams, vendors, and industry experts. As such, this role will allow the candidate to gain broad exposure to the workings of the GSAM business, as well as detailed understanding of Client Revenue Operations.

CRO is responsible for all revenue related activities including different types of fees receivables as we as payables within GSAM Funds and Institutional Separate account business.

HOW YOU WILL FULFILL YOUR POTENTIAL

The role entails working in the institutional space of the CRO team. The team performs the following key functions;

Institutional Billing Oversight:

• Review fee schedules and IMA agreements for clients to optimize efficient client invoicing solutions.
• Implementation and generation of client management fee invoices per the client requirements and fee schedules
• Dispatching of invoices and accounting the receivables and managing of general ledgers
• Constant focus on building enhancements and efficiencies within invoicing workflows and systems

The following items are applicable to the oversight role;

• Ongoing review and maintenance of internal policies and procedures with a view to increasing automation, scalability, and outsourcing of tasks to billing process with appropriate controls and cost efficiencies.
• Co-ordination of new clients and set-up on internal and vendor systems and platforms, working closely with Client relationship manager, sales and business side
• Ensure accurate calculation and processing of invoices in accordance with client and company policies.
• Conduct rigorous verification of fee calculations to identify and rectify any discrepancies or errors before invoice processing.
• Ensure timely and accurate processing of invoices to clients
• Skillfully match incoming payments to the corresponding internal General Ledger (GL) entries, ensuring accurate and up-to-date financial records.
• Maintain detailed records and documentation of fee calculations, ensuring transparency and auditability.
• Continuously identify opportunities for process improvement and efficiency enhancements within the rebate and trailer fee calculation function
• Provision of management/board reporting, and information for ad-hoc management requests.

The candidate will be required to work with senior members of the division and cover both day to day and project related tasks relevant to the activities mentioned in the summary above.

SKILLS EXPERIENCE WE RE LOOKING FOR

BASIC QUALIFICATIONS

• Bachelors degree in finance, accounting, or a related field.
• Minimum of 4 years of experience in similar industry, specifically within Revenue functions
• Knowledge of financial instruments, investment products, and industry regulations.
• Excellent attention to detail and analytical skills.
• Strong communication and interpersonal skills.
• Ability to work effectively in a team and independently.
• Strong problem-solving abilities.
• Exposure to project-based work, especially with thinking through and delivering policy and process improvements.

PREFERRED QUALIFICATIONS

• Knowledge of Receivables and payables function/workings
• Knowledge of Separate accounts and offshore mutual fund transfer agent operations, processing, and compliance standards
• Knowledge of multi-currency domestic/cross border payments
• Experience in the banking/asset management industry