Intercompany Accountant Associate
Edinburgh, Scotland, GB
1m ago

About this role

BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world.

BlackRock offers a range of solutions from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets.

Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.

Business Unit Overview :

BlackRock EMEA 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 Edinburgh based Controllers’ Group and is part of the wider Corporate Control team which has a wide and varied remit including reporting monthly EMEA Income Statement and Balance Sheet positions, accounting for corporate transactions and repatriations, Intercompany settlements, maintenance of global intercompany loans, EMEA regional ownership of Cadency (a Balance Sheet verification process) and control of the general ledger over month-end.

In its day to day activities the Edinburgh based team has significant interaction with the NY based Controllers Group as well as the other Edinburgh based Finance teams.

Purpose / Background :

The Intercompany Associate will be part of the wider Global Intercompany team, dealing with EMEA Intercompany settlements, break resolution, ageing analysis and general liaison with Legal Entity Controllers.

The wider Corporate Control team is involved in various aspects of EMEA and global accounting and as such there will be 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 Edinburgh based Corporate Control team.
  • 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 time table
  • 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 is part of the EMEA Corporate 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 accounting tasks and is required to interact with a large number of stakeholders globally, including Entity Controllers, Treasury, Cash and Corporate Cost teams.

  • A significant proportion of the role is focused on projects and process improvements
  • Experience / Competencies :

  • Strong working knowledge of Microsoft Excel and Oracle Financial systems would be highly advantageous
  • 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
  • Organised 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
  • 2 3 years of accounting experience, preferably in a Big 4 organization / Financial Services
  • About BlackRock

    BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals.

    As of June 30, 2019, the firm managed approximately $6.84 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit Twitter : blackrock Blog : LinkedIn : .

    BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

    BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.

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