Fund Reimbursement Accounting, Finance Team, Associate

About this role

Business Unit Overview:

BlackRock Finance and Strategy consist 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. Within the Controllers’ Group, the Fund Reimbursement Accounting team is responsible for ensuring the integrity of the financial data of specific Recharge general ledger accounts in accordance with applicable financial standards, Tax and regulatory frameworks. 

Position Description:

The Fund Reimbursement Accounting Associate, based in Mumbai, will be responsible for supporting the Global Fund Reimbursement Accounting team which is based in Mumbai and New York in their monthly postings, analysis, payments matching, reporting and controls. This role will be responsible for managing specific Recharge general ledger accounts of BlackRock Corporate legal entities.  This role provides the opportunity to interact with different stakeholders across the globe including Alternative Fund Controllers, Finance Controls, External Reporting, Tax and FP&A so attention to detail, controls focus, and excellent communication skills are essential.

We are looking for an upbeat and proactive individual to join the Fund Reimbursement Accounting team. The ideal candidate will be detail oriented, highly analytical, and proactive in motivating change to increase efficiency while maintaining effective controls.  In this role, this individual will be responsible for the accounting, administration and reporting for the alternative fund reimbursement program for BlackRock. The role will also assist with special projects.

This position will report to the Vice President of the Fund Reimbursement Accounting team, who is based in Mumbai.

Key Responsibilities:

• Partner directly with global, multi-functional teams to administer the Company’s Alternative Funds Reimbursement program.

• Connect with management of various levels throughout the organization to acquire a complete understanding of the reimbursement program from end-to-end and document details of the program.

• Maintain accurate and timely receivable data by legal entity and business group.

• Establish open communication lines with appropriate partners, especially in Global Fund Accounting Services, Tax, and Alternatives Chief Operating Officer teams.

• Maintain GAAP balances for reporting in the Oracle General Ledger.

• Produce periodic (monthly/quarterly/annual) management reports on the firm's receivable exposures.

• Assist with ad hoc projects and reporting requests including updates of operational policies and procedures.

• Ensure strong controls and procedures are in place in relation to the general ledger.

• Provide timely responses to inquiries and special requests.

• Perform balance sheet account reconciliations at month end.

• Provide commentary around balance sheet account movements (analyzing Investment values, payments etc).

Development Value:

• This role is key to delivering on a high-profile objective for the firm.

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

• This role supports the continued growth of BlackRock’s Alternatives business, a key growth area for the firm.

• This role will provide the candidate with an understanding of the accounting and administration of the Alternative Funds Reimbursement program.

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

Experience Required:

• 5+ years of accounting/tax experience.

• Accounting or other degrees in the related field.

• Qualified accountant CPA/CA/ACA/ACCA/CIMA.

Competencies

Required:

• Strong verbal and written communication skills.

• Experience in the preparation of internal management reports, Accounts Receivable/Payable settlement, and/or financial documents.

• Proficiency in the Microsoft Office suite.

• Strong control mindset.

• Strong willingness to learn with a high-level of motivation and adaptability.

• Collaborative partnership with colleagues to deliver Operation Excellence.

• Initiative and confidence to identify potential process improvement opportunities and help deliver benefit to the business.

Desirable:

• Ideally the candidate would have 5+ years’ previous experience of working within financial services, ideally within Investment Management, or public and multinational firm.

• Experience of accounting systems, processes and controls is also beneficial.

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.