Controllers, Private Valuation Oversight, Associate, Jersey City

The Goldman Sachs Group; Jersey City (NJ); On-site; USD 85,000 - 140,000; Full time

Job summary

The Goldman Sachs Group in Jersey City, NJ is seeking a qualified professional to support Public Product Control within Asset & Wealth Management. The role focuses on oversight of private debt and equity valuations for a $23bn market value, supporting the Private Credit Group and BDC platform.

Responsibilities include price verification of private investments, investor and regulatory reporting, and collaboration with Controllers, portfolio management, and traders.

Qualifications

• Degree in Finance or Accounting preferred
• CPA/CFA or MBA preferred
• 4-6 years relevant experience (public and/or private)
• Strong understanding of WACC, CAPM and Contingent Claims Analysis
• Strong knowledge of Fixed Income and Equities markets

Responsibilities

• Oversee quarterly valuation for private debt and equity positions, analyze financial statements, yield and DCF methods
• Involvement in independent third‑party valuation processes
• Support external/internal audit reviews and MD&A disclosures
• Prepare investor and regulatory reporting; participate in valuation committee presentations
• Daily interaction with portfolio managers, Fund Accounting and Operations
• Understand SOX 404 controls and document evidence of controls
• Develop broad understanding of credit markets and the BDC industry

Job description

Job Summary:

The successful candidate will work within the AWM (Asset & Wealth Management). Public Product Control team, which is responsible for oversight of private debt and equity valuation covering $23bn market value within the growing Private Credit Group and Business Development Company ("BDC") platform.

They will be responsible for the price verification of private investments; primarily private debt. They will interact with Controller's management, the portfolio management team and traders, as well as support areas such as Operations, Risk, Technology, Fund Accounting, Legal, Compliance and Investor Relations. They will be responsible for investor and regulatory reporting.

Principal Responsibilities:

• Responsible for oversight of quarterly valuation process for private debt and equity positions, including financials statement analysis, yield analysis and discounted cash flow and market approaches
• Involvement in independent third-party valuation processes
• Involvement in external/internal Audit review process
• Responsible for investor and regulatory reporting including MD&A disclosures for financial statements
• Responsible for valuation committee presentations
• Daily interaction with portfolio managers, Fund Accounting & Operations
• Understand SOX 404 framework and document supporting evidence of key SOX controls to ensure correct levels of control and independence are in place
• Develop a broad understanding of credit markets and the BDC industry

Qualifications:

• Degree in Finance / Accounting, CPA/CFA or MBA preferred
• 4-6 years relevant work experience (public and/or private)
• Working knowledge of Private Equity and Private Debt valuations, including knowledge of market approach, DCF, liquidation approach etc.
• Strong understanding of WACC, CAPM and Contingent Claims Analysis models
• Strong understanding of Fixed Income and Equities markets and the alternative investment management industry
• Extensive Microsoft Office experience (Excel/PowerPoint/Outlook)
• Strong understanding of valuation accounting disclosures
• Strong interpersonal (verbal and written communication) skills, including experience presenting/communicating with senior managers
• Ability to work within a team environment
• Strong analytical and organizational skills
• Results driven and great multitasking skills

Salary Range

The expected base salary for this Jersey City, NJ, United States-based position is $85000-$140000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits

Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.