Associate, Global Accounts Payable – P2P Operations

About this role

BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management, and advisory services to institutional, intermediary, and individual investors around the world. With over $5 trillion and 7,000 portfolios under management and over 120 investment teams, BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing performance to highly efficient indexing strategies designed to gain broad exposure to global capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds, other pooled investment vehicles, and the industry-leading iShares® ETFs.   Approximately $20 trillion runs over Aladdin ®, our unique, fully-integrated enterprise investment solution that combines risk analytics with portfolio management, trading, and operations tools.  BlackRock developed Aladdin to manage the firm’s own investment processes and now provides Aladdin to more than 150 clients. 

Overview

Sourcing and Vendor Management’s (SVM) three main objectives are: to ensure BlackRock gets the best value from the annual spend through its vendors, to engage and actively manage its external vendors in a consistent manner, and to ensure it manages the risks associated with buying services.  The SVM team has the need for a highly analytical and results driven Analyst in Gurgaon, India to support the Corporate Services category.  

Primary Responsibilities:

• Own the full sourcing cycle, including vendor identification and selection, price negotiation, and contract “red-lining” (editing in collaboration with Legal and risk counterparts) for the following categories of spend: 
  • Facility Management Services (property management, cleaning service, and general maintenance)
  • Real Estate Projects (Design & Construction services)
  • Business Services (document storage, copiers, mailroom, etc)
  • Critical Engineering (critical equipment acquisition and maintenance)
  • Security Services (physical guarding, equipment maintenance)
  • Travel Services (including car service)
  • Consumable & other Admin services
• Directly manage key client and supplier relationships in multiple locations throughout Asia, the US and Europe
• Develop and execute key sourcing strategies and utilize eRFX to deliver value and savings for the firm
• Compose detailed statements of work
• Proactively identify, prioritize and manage the pipeline of Corporate Services strategic sourcing projects for the Sourcing and Vendor Management team, including appropriate management level reporting and tracking
• Assist in the development and of category plans
• Manage/audit core supplier oversight processes, including score-carding, tiering, risk management and performance improvement for vendors
• Develop and deliver continuous improvements in the quality, cost, delivery and support of services
• Resolve issues relating to supplier performance or deviations from original work estimates

Qualifications:

• Prior experience developing RFPs and detailed statements of work related to Facility Management Design & Construction, Critical Engeering and Travel related
• Superior analytical skills – as evidenced by a strong track record of successful analytical decision-making.  Successful candidates can provide examples of “critical thinking” that demonstrate superior quantitative and analytical capabilities, and the ability to translate analysis into tactics and results
• Strong communication skills – as evidenced by examples that demonstrate an ability to influence others through oral and written presentations.  Successful candidates are able to persuade, motivate and compel support for key ideas and initiatives by delivering clear, well-structured presentations
• Negotiation skills – as evidenced by successfully shaping the decision-making process in situations where there are competing objectives.  Successful candidates have solid negotiation experience and are comfortable representing BlackRock’s interests in interactions with vendors and other counter parties
• 3+ years of analytical, Sourcing/Procurement and Vendor Management experience in the corporate services space 
• Procurement experience with MSAs, SOWs and SLAs specifically in the corporate services category
• Proven ability to manage issues to resolution, negotiating compromises for overall business benefit when required
• Ability to develop and maintain effective working relationships with peers, clients and vendors
• Demonstrated proficiency in Word, Excel and PowerPoint
• Minimum of BA degree or equivalent
• MBA, CPM or CPSM desirable

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.