Asset & Wealth Management Operations - Alternative Private Operations - Dallas - Associate Dallas · · Associate

Goldman Sachs; Dallas (TX); On-site; USD 90,000 - 130,000; Full time

Job summary

Goldman Sachs is seeking an Associate in Dallas to support and lead post-close operations across private alternatives. You will manage complex workflows, fund structures, and reconciliations, collaborating with Portfolio Management, Fund Accounting, and Operations teams.

The role emphasizes strong Excel skills, attention to detail, and independent ownership of processes across multiple asset classes, including credit, equity, infrastructure, and real estate strategies.

Qualifications

• Bachelor's degree or equivalent qualification.
• Typically 2-5 years of relevant experience in alternative investments, fund accounting, investment accounting, fund administration, financial operations, asset management, or related field.

Responsibilities

• Independently manage post-close operational activities across private alternatives products and fund structures.
• Own complex transaction processing and shadow-booking workflows, position and security setups, data maintenance, and lifecycle events.
• Perform reconciliations of cash, position, cost, and valuations; investigate variances and drive resolution.
• Prepare and review journal entries and supporting memos for fund payments, invoices, taxes, and related activity.
• Develop front-to-back understanding of fund structures and lifecycle events across private markets.

Skills

Alternative investments

Closed-end funds

Data analysis

Excel proficiency

Stakeholder coordination

Risk & controls

Shadow-booking

Process improvement

Education

Bachelor's degree or equivalent

Tools

Excel

PowerPoint

Word

Workflow tools

Data visualization

Automation

Process re-engineering

Job description

Asset & Wealth Management Operations - Alternative Private Operations - Dallas - Associate location_on Dallas, TX, United States

At Goldman Sachs, we connect people, capital and ideas to help solve problems for our clients. We are 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 individuals. For us, it’s all about bringing together people who are curious, collaborative and have the drive to make things possible for our clients and communities.

OPERATIONS

Operations is a dynamic, multi-faceted area that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. Operations also provides essential risk management and controls to preserve and enhance the firm's assets and reputation. For every new product launched and every transaction executed, Operations develops and manages the processes and controls that enable business flow.

YOUR IMPACT

The AWM Alternative Private Operations team is seeking an Associate to support and help lead Post Close Operations across the private alternatives platform. The role requires strong knowledge of alternative products and closed-end fund structures, independent ownership of complex operational workflows, and the ability to analyze issues, review work, coordinate stakeholders, strengthen controls, and drive items to resolution across a varied private-markets portfolio.

OUR IMPACT

AWM Alternative Private Operations professionals are subject matter experts within Operations. The Post Close Operations team partners closely with the business and supports private-market strategies including Corporate Credit, Corporate Equity, Growth Equity, Infrastructure, Real Estate Equity, and Real Estate Credit. The team provides centralized, front-to-back operational support across cash, positions, transaction data, valuations, reconciliations, fund-related journals, lifecycle events, and downstream reporting.

HOW YOU WILL FULFILL YOUR POTENTIAL

Independently manage accurate and timely execution of post-close operational activities across alternative investment products and closed-end fund structures.

Own complex transaction processing and shadow-booking workflows, position and security setups, data maintenance, and lifecycle events across credit, equity, infrastructure, and real estate strategies.

Perform and review cash, position, cost, fair value, proceeds, income, and other completeness reconciliations; challenge unexplained differences and drive breaks to supported resolution.

Prepare and review journal entries and supporting memos for fund payments, fees, invoices, taxes, credit facilities, interest, liquidity movements, and other investment or fund activity.

Apply advanced Excel skills to analyze large datasets, build and review reconciliation logic, identify trends and anomalies, improve controls, and deliver decision-ready analysis.

Use sound analytical judgment and critical thinking to interpret transaction structures, evaluate data across multiple sources, identify root causes, assess downstream impact, and propose practical solutions.

Develop and maintain a strong front-to-back understanding of closed-end funds, fund structures, cash flows, valuations, accounting treatment, and the operational lifecycle of private-market investments.

Serve as a knowledgeable point of contact for internal stakeholders across Portfolio Management, Fund Accounting, Investment Accounting, Servicing, Deal Teams, Engineering, Controllers, and Operations.

Review work performed by Analysts or peers where assigned, provide clear guidance, and support knowledge sharing, cross-training, and consistent execution across the team.

Proactively identify, communicate, and escalate risks, control gaps, capacity constraints, and potential delays, with clear impact assessment and recommended next steps.

Lead or materially contribute to process improvement, workflow standardization, documentation, system enhancements, automation, and migration of new PCO functions.

Maintain strong governance through procedure adherence, maker-checker controls, evidence retention, tracker accuracy, timely escalation, and readiness for audit or control review.

SKILLS & COMPETENCIES

Strong working knowledge of alternative investment products and closed-end fund structures, including private credit, private equity, growth equity, infrastructure, and real estate strategies.

Strong analytical and critical-thinking capability, with the ability to assess complex issues, challenge assumptions, evaluate downstream impacts, and communicate a clear recommendation.

Advanced Excel skills, including complex formulas, XLOOKUP/INDEX-MATCH, SUMIFS, pivot tables, data validation, reconciliation design, exception analysis, and efficient review of large datasets.

Understanding of fund accounting and administration concepts, including journal entries, liquidity, valuations, interest calculations, fund payments, reconciliations, and investment lifecycle events.

Strong interpersonal and communication skills, with the ability to explain complex issues clearly and work effectively across levels, functions, and regions.

Demonstrated ownership, initiative, organization, accountability, and ability to prioritize multiple time-sensitive deliverables.

Strong risk and control mindset, including disciplined documentation, independent review, escalation, and root-cause analysis.

Ability to coach junior team members, share product and process knowledge, and promote consistent execution.

PREFERRED QUALIFICATIONS

Bachelor's degree or equivalent qualification with a strong academic record.

Typically 2-5 years of relevant experience in alternative investments, fund accounting, investment accounting, fund administration, financial operations, asset management, or a related field; equivalent experience will be considered.

Demonstrated experience with alternative products, closed-end funds, private-market transaction lifecycles, and operational or accounting controls is strongly preferred.

Experience independently managing reconciliations, journal entries, valuations, payments, position setup, exception resolution, or related fund operations workflows is preferred.

Advanced Excel proficiency is required; experience with PowerPoint, Word, workflow tools, data visualization, automation, or process re-engineering is beneficial.

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 GS.com/careers.

Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.

Healthcare & Medical Insurance

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.

Financial Wellness & Retirement

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.

Health Services

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.

Fitness

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).

Child Care & Family Care

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.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.