Global Revenues 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. Within the Controllers’ Group, the Revenues team record all of BlackRock’s net revenues (gross management fees less retrocessions/client rebates) on a US GAAP basis. The Revenue stream is complex and comprises mutual fund ranges as well as separately managed accounts, Private Investor accounts, Technology Services and investments in Collective Trust Funds contracted across numerous legal entities.

Position Description:

The Revenue Associate, based in Edinburgh, will be responsible for supporting the Global Revenues team in their revenue postings, analysis, reporting and controls. This provides the opportunity to interact with different stakeholders across the globe including Financial & Prudential Reporting Team (“FPR”), Finance Controls and Reporting Team, External Reporting and FP&A so attention to detail, a controls focus and excellent communication skills are essential.

Key Responsibilities:

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

• Work on special projects including updates of operational policies and procedures

• Provide timely responses to inquiries and special requests

• Ensure revenue, and any related expense, is recorded properly in accordance with      US GAAP

• Review and record actual and accrual entries in the general ledger

• Analyze monthly revenue numbers and accruals

• Perform invoices and balance sheet account reconciliations at month end.

• Provide commentary around revenue and debtors analysis (analyzing AUM flows, market movements, adjustments, etc.)

Development Value:

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

• Opportunity to assist with a range of projects/ad hoc tasks, allowing for variation in role across the Revenue team  

• Opportunity to demonstrate added value via the continuing improvement of key Revenues processes and activities

• Will liaise with & have exposure to many areas of the business on a Global scale

• This role can provide a strong foundation for further career progression within BlackRock

Experience:

Required:

• Qualified accountant CA/ACA/ACCA/CIMA

• Strong control mindset

• Proficiency in the full MS-Office suite: particularly MS-Excel. Detailed knowledge and experience of using Excel formulae/look-ups and pivot tables is required and an aptitude for learning new applications

Desirable:

• Ideally the candidate would have 3+ years previous experience of working within financial services, ideally within Investment Management

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

Competencies:

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

• Well-organized, methodical and detail orientated with an ability to work to tight deadlines

• Strong analytical and problem-solving skills with an ability to synthesize information and summarize key issues

• Ability to clearly and confidently communicate in verbal and written form, with all levels of the business

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

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.