P2P Operations Associate

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. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.

Business Unit Overview:

BlackRock Finance consists of finance professionals in disciplines such as Financial Planning & Analysis (“FP&A”), Treasury, Tax, Finance Controls, Sourcing and Vendor Management, Finance Platform Support and Controllers. Accounts Payable, which is included within Controllers, is a global team with presence in Gurgaon, Singapore, Edinburgh, Belgrade, Atlanta and Budapest.  This role is an exciting opportunity to join the P2P Operations team, which spans both Accounts Payable and Sourcing and Vendor Management.

Job Purpose/Background:

The P2P Operations Team is responsible for Leading Transformation Activities, Reporting, Governance and Control, and supplier onboarding, order management and system support activity across both Accounts Payable and Sourcing and Vendor Management,  developing the infrastructure that allows for seamless supplier onboarding and invoice processing, employee compliance and management oversight of the firm’s Global Sourcing policy. 

Reporting to Accounts Payable Vice President, the Associate will be responsible for overseeing timely onboarding of suppliers, responding to audit queries, and working with stakeholders across BlackRock and externally to drive improvements to end to end supplier onboarding and invoice processing understanding, efficiencies and systems.

Key Responsibilities:

• Driving risk management activities to ensure all processes comply with internal controls, including  ownership of Sox frameworks, risk and control assessments, and training of colleagues across the P2P process. 
• Using data analysis techniques to identify and drive process improvement and transformation activities
• Overseeing the maintenance of supplier data quality across our finance systems
• Partnering with the businesses/stakeholders to improve the understanding and efficiency of end to end processes
• Lead testing and other ad hoc projects, including technology and process enhancements
• Partnering with the Sourcing Leads, Supplier Maintenance team, and Customer Service teams to respond to queries and enhance controls/processes

Development Value:

• This is a globally focused role in a team which is core to the entire Finance Operations. The role interacts with both Finance and non-Finance teams around the globe providing opportunity to understand business needs while developing key relationships
• 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:

• 5 years’ experience in Accounts Payable or Procurement functions, or equivalent
• Experience of data analysis techniques and tools
• Strong working knowledge of Microsoft Office products
• Process improvement / project management experience
• Knowledge of risk management / control frameworks
• Knowledge of Coupa or Oracle Financials 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.

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.