About this role
Business Unit Overview:
BlackRock Finance consists of Finance professionals in disciplines such as Business Finance, Treasury, Tax Regulatory Reporting, Accounting Operations and Corporate Accounting. This role is part of the Corporate Consolidation & Control team and will report to the Edinburgh based Controllers Group. The team has a wide and varied remit including running the Global Corporate Consolidation process for BlackRock Inc, accounting for corporate transactions and repatriations globally, maintenance of global intercompany loans, settlements and accounting as well as oversight of the general ledger over month-end including running FX processes and reporting monthly EMEA Income Statement and Balance Sheet positions.
In its day to day activities the Corporate Consolidation & Control team has significant interaction with the Finance teams globally, such as the Controllers and Treasury, in locations such as Gurgaon, Budapest, Edinburgh and New York.
Purpose/Background:
An Analyst is required to supplement the team with a global remit and responsibility for assisting with the month end close and consolidation as well as supporting the team with corporate accounting transactions and general liaison with Legal Entity Controllers & functional teams. The wider Corporate Control team is involved in various aspects of corporate accounting, including the intercompany accounting process, and as such there will be opportunities to get involved in broader Finance activities and projects. The Analyst is expected to develop strong working relationships with External Reporting, Legal Entity controllers and the other functional teams within finance to ensure all reporting requirements are met and communicated.
Key Responsibilities:
* Directly working with the External Reporting and Corporate Control teams based in New York, Gurgaon, Edinburgh and Budapest.
* Assist with running the Corporate Consolidation and other related month end processes in line with the monthly close calendar including:
o Assisting with EMEA Profit & Loss flash reporting
o Assisting with Balance Sheet reporting
o Preparation and analysis of variance reporting
o Monitoring of FX controls
o Monitoring of segment changes within the general ledger
o Assisting with the monitoring of the late journal process, running revaluation processes and month end reports
* Perform Balance sheet reconciliations including responsibility for providing suitable documentation and clearing reconciling items on a timely basis in the Oracle Account Reconciliation Cloud Service (ARCS)
* Updating the ARCS balance sheet verification system for changes in teams and accounts.
* Assisting with the intercompany settlement accounting process.
* Participate in project work for Corporate Control team, including assisting with corporate transaction accounting and User Acceptance Testing
* Assist with implementation of process improvements within the EMEA Corporate Control team, including automating working files, balance sheet reconciliations and enhancing commentary
* Build relationships with other Finance teams to ensure that all stakeholders' reporting requirements are met in a complete and timely manner
* Act as point of contact with external auditors to resolve audit queries, as required.
* Other ad hoc tasks as required
Development Value:
* This position is part of the Global Corporate Consolidation & Control team which has a varied remit. It therefore offers development and cross training opportunities within a larger team. The team deals with a wide range of often complex accounting tasks and is required to interact with many stakeholders globally, including Entity Controllers, Treasury, Cash and Corporate Cost teams. The global remit of the role also involves projects and process improvements.
Experience/Competencies:
* Ability to clearly communicate in verbal and written form with colleagues of different levels. Liaising on regular basis with a remote office is required, communication is critical to this role.
* Organised and methodical, possessing attention to detail, good analytical skills, and the ability to work to tight deadlines
* Team player with an ability to adjust to change. Experience of working in a fast paced and rapidly changing environment would an advantage
Skills/Qualifications:
* Part qualified accountant or qualification through experience preferred
* 2 - 3 years of accounting experience (Ideally the successful candidate would have Financial Services/ or large corporate experience)
* Knowledge of Microsoft Office, SmartViews, Oracle Fusion Cloud applications and FCCS (or equivalent accounting and consolidation systems) would be highly advantageous
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