Accounts Payable, Finance & Strategy, Associate

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 Payments Team.

Reporting to Accounts Payable Payments Associate,  process timely, accurate disbursement of payments to vendors and employees while ensuring compliance with BlackRock’s Global Cash Disbursement Policy and regulatory requirement.

Key Responsibilities:

• To ensure accurate disbursement of funds – supporting the payment run processes end to end.

• Action payment returns daily and ensure that return log is kept up to date.

• Partner with Management and Finance Platform Strategy / Technology team to reduce manual processes.

• Handling queries or escalations independently and ensures to fix the root cause to avoid

• similar occurrences happening in future.

• Following up on overpayments and refunds to ensure little/no financial loss to the firm.

• To work with stake holders regarding cash reconciliation issues and close the loop of unknown open cash reconciliation items.

• Provide support to the supplier maintenance team for setup related queries.

Development Value:

• This is a globally focused role in a team which is core to the entire Finance process. The role interacts with both Finance and non-Finance teams around the globe.

• 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

• Knowledge of Coupa or Oracle Financials is a plus.

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 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.