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. This role sits within the Controllers' Group, as part of the wider Corporate Cash Accounting team in Budapest. The Global team has presence in Gurgaon, and Budapest.
Position Description:
We are seeking a seasoned professional to lead our Corporate Cash Accounting Team, which is responsible for cash application and reconciliation across approximately 650+ corporate bank accounts in the AMRS, EMEA, and APAC regions. The team is also responsible for multi-currency bank reconciliation and Balance Sheet substantiation of bank accounts.
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We are looking for an upbeat and proactive individual to join the team. The ideal candidate will be detail oriented, highly analytical, and proactive in motivating change to increase efficiency while maintaining effective controls. The successful candidate will oversee a team of 20, split between Budapest and Gurgaon, and ensure the accuracy, efficiency, and compliance of cash management operations. This role provides the opportunity to work across multiple expense streams and offers significant interaction with a variety of different stakeholders across the globe including Finance and Strategy and the various business units at BlackRock. This position will report to the Global Head of APAC GFO and T&E.
Key Responsibilities:
Leadership and Management:
- Lead and manage a team of 20 cash management professionals across two locations (Budapest and Gurgaon).
- Provide strategic direction, mentoring, and support to the team to ensure high performance and professional & career development.
Cash Application and Reconciliation:
- Oversee daily cash application and reconciliation processes, ensuring accuracy and timeliness.
- Implement best practices for the governance of open items and unresolved issues.
- Final review and sign off the balance sheet reconciliations.
- Handling queries or escalations independently and ensures to fix the root cause to avoid similar occurrences happening in future
Stakeholder Engagement:
- Serve as the primary point of contact for key stakeholders, including internal stakeholders likes Revenue, AP, AR Collections, Financial Controls Reporting, Treasury, Financial Platform Support, Controllers, Client Invoicing and external auditors.
- Facilitate effective communication and collaboration across different teams and regions.
Compliance and Controls:
- Ensure compliance with UK CASS regulations and SOX controls, maintaining a robust internal control environment.
- Support internal and external audits, providing necessary documentation and explanations.
- Regular review of policies & procedures.
Technology and Process Improvement:
- Drive cash technology initiatives, participating in project meetings and steering committees.
- Identify and implement process improvements to enhance efficiency and accuracy in cash management operations.
Reporting and Analysis:
- Prepare and present regular reports & metrics on cash management activities, highlighting key metrics along with concise commentary & explanations.
- Analyse data to identify trends and areas for improvement.
Key Competencies and Skills:
- Leadership and Team Management: Proven experience in leading multi-location teams, with strong people management skills.
- Financial Acumen: Deep understanding of cash management & reconciliation processes, financial controls, and good understanding of broader controllers' function.
- Project Management: Demonstrated ability to drive projects and technology initiatives in a financial services context.
- Stakeholder Management: Excellent communication and interpersonal skills, with the ability to engage and influence senior stakeholders.
- Analytical Skills: Strong analytical and problem-solving abilities, with a keen eye for detail.
- Technical Proficiency: Proficiency in Oracle ERP systems and other financial software tools is a strong desirable.
- Adaptability and Resilience: Ability to thrive in a fast-paced, dynamic environment.
Qualifications:
- Experience: Minimum of 10 years of experience in financial services preferred, with a focus on cash management and reconciliation.
- Education: Bachelor's/master's degree in finance, Accounting, Business Administration, or a related field. A relevant postgraduate qualification or professional certification (e.g., CPA, CFA) is a plus.
- Global Exposure: Experience working in a global or multi-regional context is highly desirable.
Development Value of the Role
- This role offers the opportunity to lead a sizable team across multiple locations, enhancing your leadership and team management skills in a diverse, global setting.
- Lead and participate in technology and process improvement initiatives, sharpening your project management and technical, technology skills, particularly in the implementation of Oracle Cash Management modules and other financial technologies.
- Enhance your stakeholder management skills by engaging with senior executives and external partners, building your network and influence within the organization.
- Work in a truly global role, collaborating with teams across AMRS, EMEA, and APAC regions, which will broaden your understanding of international financial practices and enhance cross-cultural communication skills.
- Drive innovation by implementing best practices, RPA in cash management, positioning you at the forefront of cash operations and innovation.
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.