Cash Accounting Analyst

About this role

Business Unit Overview:

BlackRock’s Finance team is responsible for accounting, financial reporting, tax compliance, and controlling the financial resources of BlackRock and its subsidiaries. The Finance Group comprises 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 the AMRS, EMEA, and APAC regions.

Job Purpose/Background:

The Global Cash Accounting Team is responsible for the cash application and reconciliation of ~ 600 corporate bank accounts in the 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 substantiation of bank accounts on the balance sheet.

Key Responsibilities:

• Responsible for reconciling Corporate Bank Accounts spanning 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 cash application through the Oracle AR Sub Leger.

• Responsible for the investigation and timely resolution of outstanding items in line with the 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 that is core to the entire Finance process. The role interacts with various teams around the globe.

• This role will give the candidate the scope to effect positive change to the control environment by harnessing system capabilities and constantly evaluating processes and procedures to create value for the firm.

Knowledge/Experience:

• A university degree in economics, finance, business administration, or a related field is required. We also welcome applications from recent graduates.

• Advanced level of Microsoft Excel (including lookup formulas) is essential.

• Strong problem solver with a passion for process improvement.

• Previous bank reconciliation and foreign exchange experience is preferable.

• Knowledge of Accounts Receivable and Accounts Payable processes and banking systems is desirable.

• Be able to clearly and confidently communicate in verbal and written form with all levels of the business.

• Experience with 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

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.