Analyst, Global Accounts Payable

About this role

Business Unit Overview:

BlackRock Finance consists of finance professionals in disciplines such as Financial Planning & Analysis (“FP&A”), Treasury, Tax, Financial Controls, Sourcing and Vendor Management, Finance Operations Support and Controllers. Part of the Controllers group, Accounts Payable is a global team with presence in Gurgaon, Singapore, Edinburgh, Belgrade, Atlanta and Budapest.

Job Purpose/Background:

The AP Team is responsible for developing the infrastructure that allows for employee compliance and management oversight of the firm’s Global Cash Disbursement policy. This includes:

• Acquiring and maintaining global software to facilitate supplier payments.

• Ensuring that all modifications to the Global Cash Disbursement Policy are supported by the oversight infrastructure.

• Managing the BlackRock’s Global Cash Disbursement Policy through an automated workflow system with no impact to the credit worthiness of the firm.

Reporting to Accounts Payable Payments Associate, process timely, accurate disbursement of payments to vendors, employees and various third parties while ensuring compliance with BlackRock’s Global Cash Disbursement Policy and regulatory requirement.

Key Responsibilities:

• To ensure accurate disbursement of funds – supporting the payment run processes end to end.

• Action payment returns daily and ensure that return log is kept up to date.

• Partner with Management and Technology team to reduce manual processes.

• Handling queries or escalations independently and ensures to fix the root cause to avoid similar occurrences from happening in future.

• Following up on overpayments and refunds to ensure little/no financial loss to the firm.

• To work with stakeholders regarding cash reconciliation issues and close the loop of unknown open cash reconciliation items.

• Provide support to the supplier maintenance team for setup related queries.

• Accurate and timely input of multicurrency manual payments onto the various banking portals.

• Peer check of the payments to ensure correct backup and sign off received as well as correct input onto banking platform in accordance with up-to-date policies and procedures.

• Assist team peers on payment input queries.

• Liaise with banks on queries resolution.

• Ensure daily end-of-day checking of all online banking systems is performed to ensure payments have been released.

• Participate in upcoming projects, process improvements and control enhancements.

• Ensure good communication and work ethic within the team as well as support provided to team members.

• Support management in ad hoc tasks.

Development Value:

• This is a globally focused role in a team which is core to the entire Finance process. The role interacts with both Finance and non-Finance 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:

• 1-3 years of experience in Accounts Payable

• Knowledge of Coupa or Oracle Financials is a plus

• Experience of working in a global corporate environment (dealing with multiple currencies / legal entities) is desirable

• Previous experience of working in payment team or banking environment would be an advantage

• Strong working knowledge of Microsoft Office products

• Spanish language knowledge is an advantage

Competencies:

• Strong written and spoken English language essential

• Self-motivated team player

• Ability to recognize and resolve problems

• Excellent attention to details

• Customer oriented

• Excellent communication skills by telephone, written and in person

• Ability to meet tight time schedules

• Self-confident and decisive

• A positive and ‘can-do’ attitude

#EarlyCareers

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.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer.  We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.