Corporate Control Intercompany, Finance Team, Associate

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 will report to the F&S Controllers Group and is part of the wider Global Corporate Consolidation & Control team which has a wide and varied remit including reporting monthly Income Statement and Balance Sheet positions accounting for corporate transactions and repatriations Intercompany settlements maintenance of global intercompany loans Global ownership of ARCS (a Balance Sheet verification process) and control of the general ledger over month-end.

In its day-to-day activities the Intercompany team has significant interaction with Finance teams globally such as Legal Entity Controllers and Treasury as well as the other Finance teams.

Purpose/Background:

The Intercompany Associate will be part of the wider Global Intercompany Accounting team dealing with AMRS/Latam Intercompany settlements break resolution ageing analysis and general liaison with Legal Entity Controllers. The wider Corporate Control team is involved in various aspects of global accounting providing opportunities to get involved in broader Finance activities.

Intercompany settlements can be broken into an automated process incorporating hedging with automated journals/reconciliation work and a manual process where settlement instructions are made and settlement journals processed.

Key Responsibilities:

• Directly working with the EMEA based Intercompany Team predominately based in Edinburgh.

• Verifying manual settlements for Global Intercompany positions.

  • Submitting manual settlements for Payment

  • Preparing/posting multi-currency journals for manual settlements in line with month end calendar

• Automation and process enhancement of existing processes

  • Drive adoption of AI solutions across the team by developing guidance sharing best practices and supporting colleagues in embedding new tools into BAU workflows.

• As part of automated FX Intercompany process reclassing Intercompany positions in order that they can flow through to be settled via the automated process.

• Support for the automated FX settlements reconciliation process.

• Booking process for Intercompany receipts.

• Perform balance sheet reconciliations including responsibility for providing suitable documentation and clearing reconciling items on a timely basis

• Provide commentary on balance sheet movements for month end reporting purposes

• Actively progress process improvements for all aspects of Intercompany and for the benefit of the Corporate Control team as a whole

• 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.

• Participate in and lead project work for Corporate Control team including UAT Testing and review of take on balance from acquisitions

• Other ad hoc tasks as required

Development Value:

This position offers significant development opportunities within the Global Corporate Consolidation & Control team which is responsible for a broad range of accounting reporting and control activities across multiple regions. The role provides exposure to Global Finance partners including Entity Controllers Treasury Cash Management and Corporate Cost teams.

In addition to strengthening core technical accounting and Intercompany expertise the role provides:

• Experience with process automation initiatives including opportunities to work with AIenabled tools workflow automation and dataquality improvements.

• The ability to build capability in evaluating testing and enhancing new technological solutions used within Finance.

• Development of crossfunctional communication skills through interaction with teams globally.

• Opportunities to lead or support transformation projects enhancing both analytical skills and projectdelivery experience.

• Broader Corporate Control exposure enabling progression into roles across reporting controls management systems accounting or process transformation disciplines.

Experience/Competencies:

• Ability to clearly and confidently communicate in verbal and written form with colleagues of different levels.

• Self-starter highly numerate quick learner team player with an ability to adjust to change and the desire to take on responsibility is required.

• Experience of working in a fast paced and rapidly changing environment would an advantage

• Organized and methodical possessing attention to detail good analytical skills and the ability to work to tight deadlines.

Skills/Qualifications:

• CA/ACA/AACA/CIMA qualified or equivalent qualification

• 3 -7 years plus accounting experience preferably in a Big 4 organization/Financial Services

• Knowledge of Microsoft Office SmartViews & Oracle Fusion Cloud applications would be highly advantageous

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

BlackRocks 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 childrens 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. Its why were 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: 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.