Associate - Accounts Payable (APAC)

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 Gurgaon. 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 team. The ideal candidate will be detail oriented, highly analytical, and proactive in motivating change to increase efficiency while maintaining effective controls. 

Reporting to the Invoice Processing Accounts Payable manager in Gurgaon, this role will manage the Accounts Payable invoice processing team, specializing in APAC and Fund entities.  The scope of invoices includes both corporate paid and fund paid invoices.  The applicant will partner with cross-regional support functions.  Planning and assignment of work, streamlining and improvement of processes are key objectives of the role.  Implementation and maintenance of high standards of internal controls and compliance to disbursement policies is a must.

Key Responsibilities:

• Lead, coach and motivate ~4 team members across multiple locations, to deliver processes at the prescribed SLA levels or higher

• Monitoring and review of incoming invoices via electronic system and workflow administration (PO and non-PO)

• Ensure timely processing of incoming invoices according to SLA

• Partner with Management / Technology teams to reduce manual processes

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

• Provide support to the supplier maintenance, AP query management and payment teams for related queries

• Improving, developing, and implementing process improvement and internal controls

• Building and keeping active contact with stakeholders

• Supporting various AP transformational projects

• Work cross-functionally within and outside of Finance & Strategy to ensure satisfaction with services which would include process enhancement, change management and automation

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:

• 5+ years of Accounts Payable/P2P experience including team leader experience in a multi-cultural environment

• Excellent stakeholder management

• Good Excel skills along general MS Office skills – PowerPoint, Word and other MS Office products

• Ability to develop, train and mentor staff

• Strong analytic, organizational, communication and interpersonal skills

Desirable:

• Knowledge of Coupa or Oracle Financials is a plus

• Banking & Financial services industry experience is preferred

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 Employer.  We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.