About this role
Business Unit Overview:
BlackRock’s Finance team is responsible for the accounting, financial reporting, tax compliance and control of the financial resources of BlackRock and its subsidiaries. The Finance Group is comprised of Corporate Controllers, Financial Planning and Analysis, Treasury, Tax, Finance Controls and Investor Relations. This position is in the Global Cash Accounting group under Corporate Controllers which is primarily responsible for the cash application, matching and reconciliation of all BlackRock Corporate bank accounts within AMRS, EMEA and APAC regions.
Job Purpose/Background:
The Cash Accounting Team is responsible for the cash application and reconciliation of ~ 600 corporate bank accounts together for AMRS, EMEA and APAC Regions.
Successful candidates will be responsible for Cash identification and application via Oracle General and AR sub-ledger. They will also be responsible for multi-currency bank reconciliation and Balance Sheet substantiation of bank accounts.
Key Responsibilities:
- Responsible for reconciling Corporate Bank Accounts spanning over various currencies and multiple sets of books.
- Daily identification of bank transactions; processing of journal entries directly to the General Ledger via Oracle and/or application of cash through the Oracle AR Sub Leger.
- Responsible for investigation and timely resolution of outstanding items in line with Cash Escalation Policy.
- Prepare daily bank account reconciliations.
- Completion of monthly Cash Balance Sheet Substantiation.
- Liaising with AR Collections, Global Revenue group, Accounts Payable Team, Credit Control, Treasury and other stakeholders on payment/receipt queries as appropriate.
- Ensure processes are completed in line with internal controls and escalate any areas of risk.
- Support other team members through periods of fluctuating workload and annual leave.
- Project work as and when required.
Development Value:
- This is a globally focused role in a team which is core to the entire Finance process. The role interacts with various teams around the globe.
- This role will provide the candidate with the scope to effect positive change to the control environment by harnessing system capabilities and constantly evaluating processes & procedures to create value for the firm.
Knowledge/Experience:
- 3-4 years of accounting and reconciliation experience.
- Advanced level of Microsoft Excel (including lookups formulas) desirable.
- Previous Bank Reconciliation and Foreign Exchange experience essential.
- Knowledge of Accounts Receivable and Accounts Payable processes as well as banking systems desirable.
- Strong problem solver with a passion for process improvement
- Be able to clearly and confidently communicate in verbal and written form, with all levels of the business.
- Experience of Oracle AR, GL & ARSCS modules and Oracle Cash Management software package will be an added advantage.
Competencies:
- Self-motivated team player with excellent attention to detail.
- Ability to consistently be attentive to detail while meeting critical deadlines and handling multiple tasks simultaneously.
- Ability to flourish in a fast-paced and growing environment and have a strong team ethic.
- Excellent written and verbal communication skills.
- Ability to meet tight time schedules
#EarlyCareers
Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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.
For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.
Job requisition #
R241271
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Who we are
As a people-centric business, our long-term sustainability depends on our employees and culture. We have more than 16,000 employees in 35+ different countries who speak over 80 languages. We also serve millions of clients from different cultures around the world. We believe a wide range of perspectives and talent is crucial to creating a richer culture for our employees and a better experience for our clients.
How we typically hire experienced professionals
Online Application
Upload your resume and enter some basic details about your employment history. We recommend focusing on applying to the roles that are best aligned with your experience and goals. It may take us some time to get back to you, so we ask for your patience as we thoughtfully consider and review all applications we receive.
Recruiter Conversation
If selected to move forward, you’ll have a high-level conversation with a recruiter to discuss the role in more detail and hear more about your experience and career aspirations who will determine if you’re a potential match.
In-person/Virtual Interviews
Selected candidates meet with members of the BlackRock team. There may be a couple of rounds of interviews, where you’ll have the opportunity to meet a mix of employees you’d be working with and gain a clear understanding of the role and our culture.
Offer
At the offer stage, we will present a total compensation package. All offers are subject to background checks and other pre-employment clearances.
Fraud alert: Recruitment scams
Please be alert to fraudulent BlackRock job postings on external websites. All BlackRock jobs for which we are externally recruiting are posted here on our careers site.
BlackRock will never ask candidates to interview via chat or text, nor ask for an upfront payment or deposit. If you believe you have been exposed to this scam, please contact us at informationsecurity@blackrock.com to share any relevant details you may have.