Senior Associate

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.

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