Salt Lake Senior Associate

Global Banking & Markets
- Salt Lake City
- Senior Associate, Billing
- Invoicing, Fees & Commissions
- Salt Lake City, UT, United States

Job Duties:

Senior Associate, Billing
- Invoicing, Fees & Commissions with Goldman Sachs & Co. LLC in Salt Lake City, Utah. Support internal audit and regulatory reporting by maintaining appropriate documentation and controls over the fee and interest calculation process. Responsible for the end-to-end process of calculating, validating, and reconciling financing costs, accrued interest, and trade-related fees for hedge fund and institutional clients. Ensure the accurate application of negotiated fee schedules, margin interest rates, and commission structures, in accordance with client agreements and internal policies.

Responsibilities include performing detailed reviews of client rate letters, investigating and resolving discrepancies, managing queries related to charges, and collaborating with internal stakeholders such as, Finance, Sales, Client Services, and Technology. Regularly monitors interest accruals across multiple product types- such as equity and fixed income financing and stock loan activity and ensures all client charges are complete, accurate, and delivered within stipulated timelines.

Participate in system enhancements, user acceptance testing (UAT), and automation initiatives to improve operational efficiency and reporting accuracy.

Job Requirements:

Bachelor's degree (U.S. or foreign equivalent) in Finance, Business Analytics, Management Information Systems, Mathematics, or a related field and two (2) years of experience in the job offered or in a related role. Prior experience must include two (2) years with: reconciling daily and monthly interest accruals for client accounts, ensuring 100% accuracy in billing and financial reporting; maintaining and updating complex client-specific rate structures and fee schedules in billing systems;

querying large transactional datasets and using Microsoft Excel VBA (Macros); resolving high-value ($500K+) interest and fee disputes by identifying root causes in system-calculated charges; producing, maintaining, and controlling detailed, audit-ready reports and billing summaries using tools and platforms including Alteryx; and participating in the preparation of documentation and evidence packages for internal audits and external regulatory reviews, ensuring adherence to reporting standards and reducing compliance risk.

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees' priorities.

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.