Due from Funds, Vice President
- Primetrace
- 5 - 10 years
- Mumbai
- 3 months ago
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Job Description
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 Due from Funds 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 Due from Funds Vice President, based in Mumbai, will be responsible for supporting the team which is also based in Mumbai in their monthly postings, analysis, cash application of payments, reporting and controls. This role will be responsible for leading a team whose objective is to manage specific Recharge general ledger accounts of BlackRock Corporate legal entities. This role provides opportunities to collaborate with different teams globally, including Alternative Fund Controllers, Finance Controls, External Reporting, Tax, and FP&A. It demands keen attention to detail, a dedication to maintaining controls, and excellent communication abilities.
We are looking for an upbeat and proactive individual to join the Global Corporate Costs 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 Director of Global Corporate Costs, who is based in Edinburgh, UK.
Key Responsibilities:
- Partner directly with global, multi-functional teams to administer the Company s Alternative Funds Reimbursement program.
- Build a high performing team through mentorship, solid direction and monitoring outcomes.
- 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.
- Transform the reporting of 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 firms 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.
- Review balance sheet account reconciliations at month end.
- Provide commentary around balance sheet account movements.
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 platform, 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 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 approach.
- 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 improvement in execution opportunities and helping 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 multi-national 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.
Job Classification
Industry: Financial ServicesFunctional Area / Department: Finance & AccountingRole Category: Accounting & TaxationRole: Accountant / Accounts ExecutiveEmployement Type: Full timeContact Details:
Company: PrimetraceLocation(s): Mumbai+ View Contact
Keyskills: Fund accounting Analytical Financial planning GAAP Healthcare Oracle Operations Balance Sheet Financial services Monitoring
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