Job Description
GLOBAL BANKING AND MARKETS
Our core value is building strong relationships with our institutional clients, which include corporations, financial service providers, and fund managers. We help them buy and sell financial products on exchanges around the world, raise funding, and manage risk. This is a dynamic, entrepreneurial team with a passion for the markets, with individuals who thrive in fast-paced, changing environments and are energized by a bustling trading floor.
Responsibilities And Qualifications
Role
Goldman Sachs is seeking an analyst to join the Private Equity Capital Call (PECC) team. The PECC team is responsible for collateral management within the PECC desk within the Global Banking and Markets division and monitoring collateral account and Reconciliation of Capital Calls.
Responsibilities
- Monitor collateral accounts of private equity subscription financing facilities to ensure compliance with lending requirements and timely identification of capital activity
- Reconcile capital calls, net distributions; recallable distributions against supporting documentation and banking transactions
- Validate investor commitment, unfunded commitment and contribution data for accuracy
- Identify and track Delinquencies and assess impact on borrowing base availability
- Perform ongoing due diligence of the underlying private Equity investors by reviewing investor information and commitments and fund documentation
- Interface with GS clients who originate and invest in Private Markets
- Conduct financial statements analysis, ratio analysis, data validation and quality assurance to support credit monitoring and risk management
- Maintain and update LP information using industry data sources such as PreQin and other data sources
- Coordinate with internal stakeholders including Underwriting, credit Risk, Desk to resolve discrepancies and support portfolio monitoring
- Support process improvement initiatives by identifying opportunities to enhance operational efficiency, automation and reporting accuracy
- Demonstrate a good understanding of capital notices including capital calls; distributions and recallable distributions to support day-to-day portfolio monitoring
Qualifications
- Bachelor of degree in accounting/finance
- Knowledge of Leveraged Lending market
- Minimum 1-2 years of experience in accounting, private equity or hedge fund accounting
- Strong Excel skills
- Solid analytical/logical mindset
- Basic Knowledge of databases – S&P, Moody's, Preqin, Pitchbook etc.
- Strong communication skills (clear, concise, and confident)
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. We're committed to finding reasonable accommodations for candidates with special needs or disabilities
during our recruiting process. Learn more: https:// www.goldmansachs.com/careers/footer/disability-statement.html © The Goldman Sachs Group, Inc., 2021. All rights reserved. Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity Division Global Banking and Markets
Skills Required
Excel
