AddressAbout this role
Business Unit Overview:
BlackRock Finance consists of Finance professionals in disciplines such as Business Finance, Treasury, Tax Regulatory Reporting, Accounting Operations and Corporate Accounting. This role is part of the Corporate Consolidation & Control team and will report to the Edinburgh based Controllers Group. The team has a wide and varied remit including running the Global Corporate Consolidation process for BlackRock Inc, accounting for corporate transactions and repatriations globally, maintenance of global intercompany loans, settlements and accounting as well as oversight of the general ledger over month-end including running FX processes and reporting monthly EMEA Income Statement and Balance Sheet positions.
In its day-to-day activities the Corporate Consolidation & Control team has significant interaction with the Finance teams globally, such as the Controllers and Treasury, in locations such as Gurgaon, Budapest, Edinburgh and New York.
Purpose/Background:
An Analyst is required to supplement the team with a global remit and responsibility for assisting with the month end close and consolidation as well as supporting the team with corporate accounting transactions and general liaison with Legal Entity Controllers & functional teams. The wider Corporate Control team is involved in various aspects of corporate accounting, including the intercompany accounting process, and as such there will be opportunities to get involved in broader Finance activities and projects. The Analyst is expected to develop strong working relationships with External Reporting, Legal Entity controllers and the other functional teams within finance to ensure all reporting requirements are met and communicated.
Key Responsibilities:
Directly working with the External Reporting and Corporate Control teams based in New York, Gurgaon, Edinburgh and Budapest.
Assist with running the Corporate Consolidation and other related month end processes in line with the monthly close calendar including:
Assisting with EMEA Profit & Loss flash reporting
Assisting with Balance Sheet reporting
Preparation and analysis of variance reporting
Monitoring of FX controls
Monitoring of segment changes within the general ledger
Assisting with the monitoring of the late journal process, running revaluation processes and month end reports
Perform Balance sheet reconciliations including responsibility for providing suitable documentation and clearing reconciling items on a timely basis in the Oracle Account Reconciliation Cloud Service (ARCS)
Updating the ARCS balance sheet verification system for changes in teams and accounts.
Assisting with the intercompany settlement accounting process.
Participate in project work for Corporate Control team, including assisting with corporate transaction accounting and User Acceptance Testing
Assist with implementation of process improvements within the EMEA Corporate Control team, including automating working files, balance sheet reconciliations and enhancing commentary.
Build relationships with other Finance teams to ensure that all stakeholders’ reporting requirements are met in a complete and timely manner.
Act as point of contact with external auditors to resolve audit queries, as required.
Other ad hoc tasks as required.
Development Value:
This position is part of the Global Corporate Consolidation & Control team which has a varied remit. It therefore offers development and cross training opportunities within a larger team. The team deals with a wide range of often complex accounting tasks and is required to interact with many stakeholders globally, including Entity Controllers, Treasury, Cash and Corporate Cost teams. The global remit of the role also involves projects and process improvements.
Experience/Competencies:
Ability to clearly communicate in verbal and written form with colleagues of different levels. Liaising on regular basis with a remote office is required, communication is critical to this role.
Organised and methodical, possessing attention to detail, good analytical skills, and the ability to work to tight deadlines
Team player with an ability to adjust to change. Experience of working in a fast paced and rapidly changing environment would an advantage
Skills/Qualifications:
Part qualified accountant or qualification through experience preferred.
2 – 4 years of accounting experience (Ideally the successful candidate would have Financial Services/ or large corporate experience)
Knowledge of Microsoft Office, SmartViews & Oracle Fusion Cloud applications or HFM would be highly advantageous
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Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.
Our hybrid work model
BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.
About BlackRock
At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.
This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.
