Payments Analyst

About this role

Business Unit Overview:

BlackRock Finance and Strategy consists of professionals in disciplines such as Financial Planning & Analysis (FP&A), Treasury, Tax, Financial Controls, Sourcing and Vendor Management, Finance Platform Support, Controllers, Strategy, and Corporate Development. This role sits within the Controllers’ Group, as part of the wider Accounts Payable (AP) team in Budapest.  The Global AP team has   presence in Gurgaon, Singapore, Atlanta, Belgrade, Edinburgh, and Budapest.

Position Description:

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. 

This role provides the opportunity to work across multiple expense streams and offers significant interaction with a variety of different stakeholders across the globe including Finance and Strategy and the various business units at BlackRock.

We are looking for an upbeat and proactive individual to join the Global Finance Operations manual payments processing team.

Reporting to the Accounts Payable VP; the analyst will be responsible for timely processing of incoming manual payment requests while ensuring compliance with BlackRock’s Global Cash Disbursement Policy and regulatory requirements.

Key Responsibilities:

• Accurate and timely input of multicurrency manual payments onto the various banking portals (HSBC, BNY, JP Morgan, Citibank, BoA)

• 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

• Monitor daily shared mailbox (through CIM Dashboard) to ensure queries answered in a timely manner and payments processed by relevant bank cut of times

• Assist team peers on payment input queries

• Support vendor payment team with vendor related payments as required

• Liaise with banks on query resolution

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

• Create and maintain internal procedure documents

• Understand and adhere to FCA Client Assets Sourcebook (CASS) procedures

• Ensure any returned payments are investigated immediately and relevant business areas are notified

• Arrange Training sessions with other team members on payment input and bank template setup

• Participate in upcoming projects, including technology enhancement initiatives

• Process improvements and control enhancements

• Ensure good communication and work ethic within the team as well as providing support to colleagues as required

• Support management in ad hoc tasks

Development Value:

• The role interacts with both Finance and non-Finance teams globally, providing an opportunity to learn from different colleagues.

• The candidate will work with management whose aim is to develop individuals in the team specifically towards their career aspirations.

• Opportunity to join a high performing and well-established team with strong framework and controls already in place.

• Opportunity to assist with a range of projects/ad hoc tasks, allowing for variation in role across the AP team  

• Opportunity to demonstrate added value via the continuing improvement of key AP processes and activities.

• This role can provide a strong foundation for further career progression within BlackRock particularly given the unusually broad business model and global stakeholder network.

Competencies:

Required:

• 1-3 years’ experience in Accounts Payable

• Education in Economics, Finance or Accounting

• Knowledge of Coupa, 3rd party invoice processing tools or Oracle Financials is a desirable but not essential

• Good general MS Office skills – Excel  and other MS Office products

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.