Transfer Pricing Execution Accountant - Associate

Job Description

DescriptionAbout this roleBlackRock is one of the worlds 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 rangeof 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 worlds capital markets. Our clients can access our investmentsolutions 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 Finance consists of finance professionals in disciplines such as Financial Planning & Analysis ("FP&A), Treasury, Tax, Financial Controls, Sourcing and Vendor Management, Finance Platform Support and Controllers. Within the Controllers Group, theTransfer Pricing Execution team record all of BlackRocks related party transactions/provision of group services as if these were between unrelated parties using arms length transaction principles on a US GAAP basis. The transactions/support services thatare subject to Transfer Pricing (TP) principles are diverse and comprises areas such as product TP, Infrastructure support as well as Executive recharge models across all business lines (reallocation of both revenues and costs across BlackRock group of corporateentities). Job Purpose/Background:The TPE Associate will be responsible for supporting the TP team in their monthly postings, analysis, reporting and controls. This provides the opportunity to interact with different stakeholders across the globe including Global Revenues and Costs, Financial& Prudential Reporting Team ("FPR"), Finance Controls and Reporting Team, External Reporting, Tax and FP&A so attention to detail, a controls focus and excellent communication skills are essential. The team work very closely with the Transfer Pricing Policyteam, which is part of the Tax function, responsible for the development of policy documentation. Key Responsibilities:

• Ensure strong controls and procedures are in place in relation to the general ledger
• Work on special projects including updates of operational policies and procedures
• Provide timely responses to inquiries and special requests
• Ensure TP entries are recorded properly in accordance with US GAAP and in line with Transfer Pricing memos/policies
• Review and record actual and accrual entries in the general ledger
• Analyze monthly TP numbers
• Provide commentary around variance analysis (analyzing AUM flows, market movements, adjustments, etc.)
• Responding to both external and internal audit requests

Development Value:

• The candidate will work with management whose aim is to develop individuals in the team specifically towards their career aspirations
• Opportunity to assist with a range of projects/ad hoc tasks, allowing for variation in role across the Revenue, costs and TP team
• Opportunity to demonstrate added value via the continuing improvement of key TP processes and activities
• Working with global tax team and controllers on tax audits/defenses
• Will liaise with & have exposure to many areas of the business on a Global scale
• This role can provide a strong foundation for further career progression within BlackRock

Knowledge/Experience: Required:

• Qualified accountant CA/ACA/ACCA/CIMA
• Strong control mindset
• Proficiency in the full MS-Office suite: particularly MS-Excel. Detailed knowledge and experience of using Excel formulae/look-ups and pivot tables is required and an aptitude for learning new applications

Desirable:

• Ideally the candidate would have some previous experience of working within financial services, ideally within Investment Management, but this is not essential
• Experience of accounting systems, processes and controls is also beneficial

Competencies:

• Strong willingness to learn with a high-level of motivation and adaptability
• Well-organized, methodical and detail orientated with an ability to work to tight deadlines
• Strong analytical and problem-solving skills with an ability to synthesize information and summarize key issues
• Ability to clearly and confidently communicate in verbal and written form, with all levels of the business
• Initiative and confidence to identify potential process improvement opportunities and helping deliver benefit to the business

• Ensure TP entries are recorded properly in accordance with US GAAP and in line with Transfer Pricing memos/policies
• Review and record actual and accrual entries in the general ledger
• Analyze monthly TP numbers
• Perform balance sheet account reconciliations at month end.
• Provide commentary around variance analysis (analyzing AUM flows, market movements, adjustments, etc.)
• Responding to both external and internal audit requests

Development Value:

• The candidate will work with management whose aim is to develop individuals in the team specifically towards their career aspirations
• Opportunity to assist with a range of projects/ad hoc tasks, allowing for variation in role across the Revenue, costs and TP team
• Opportunity to demonstrate added value via the continuing improvement of key TP processes and activities
• Working with global tax team and controllers on tax audits/defenses
• Will liaise with & have exposure to many areas of the business on a Global scale
• This role can provide a strong foundation for further career progression within BlackRock

Knowledge/Experience: Required:

• Newly Qualified accountant CA/ACA/ACCA/CIMA
• Strong control mindset
• Proficiency in the full MS-Office suite: particularly MS-Excel. Detailed knowledge and experience of using Excel formulae/look-ups and pivot tables is required and an aptitude for learning new applications

Desirable:

• Ideally the candidate would have some previous experience of working within financial services, ideally within Investment Management, but this is not essential
• Experience of accounting systems, processes and controls is also beneficial

Competencies: