About this role
Business Unit Overview:
Mission of Finance is to be a trusted business partners and an industry thought leader supporting optimization of stakeholder value and act as a fiduciary by ensuring high quality financial reporting and rigorous risk oversight and controls.
Job Purpose:
Responsible for client invoicing function for Japan contracting institutional clients, which include review of Investment Management Agreement (IMA), billing onboarding on BlackRock system, revenue accounting, cash receipt accounting and monitoring of accounts receivable, along with working closely with internal stakeholders including Sales team, Operation teams and Legal team to maintain the ongoing billing ecosystem.
Responsible for carrying out activities of the Finance functions in Japan, which include controllers activities (corporate accounting, financial and regulatory reporting, transaction processing), corporate tax and treasury activities in close collaboration with off-shore functions.
Responsibilities:
Preparation and distribution of management fee invoices in line with Investment Management Agreement (IMA) for Japan institutional clients with accuracy and timeliness.
Billing onboarding to BlackRock system for client portfolios, and maintenance of data used for fee calculation.
Accounting of Fees/Revenues from Japan institutional clients in Oracle Accounting system and monitoring of the Accounts Receivable balances to ensure accuracy of cash applications in Oracle.
Financial accounting and preparation of statutory reporting in Japan, including monthly regulatory filing to regulators.
Assist in the preparation and coordination of annual tax return flings and semi-annual tax payments.
Support offshore Accounts Payable function by responding to inquiries from business units, following up on urgent payment requests, and providing Japanese language support when needed.
Contribute to Identifying opportunities for operational excellence that lower the risk of errors and increase efficiency.
Build strong relationships across the organization by listening closely to our internal partners (Sales team, Operations etc.) and working to deliver for the firm and our clients.
Maintain awareness of industry changes/evolutions and such impacts on Separate Management Account billing, financial accounting, regulatory reporting and tax.
Drive the One BlackRock Culture.
Skills and Qualifications:
1-3 years of relevant experience in billing, financial reporting, or accounting operations, preferably in asset management or the broader financial services industry.
Exceptional attention to detail, with a strong commitment to precision, accuracy, and consistency in financial data.
Superior organizational skills and a disciplined approach to control procedures.
Ability to manage multiple tasks and meet tight deadlines in a fast-paced environment.
Demonstrated ability to communicate proactively within the firm, including both locally and across geographies.
Team-oriented mindset with a proactive approach to learning and collaboration.
Strong control / risk mitigation mentality with the judgment to raise issues when necessary.
Language proficiency: Native level of Japanese and Business level of English.
Knowledge of accounting, and Certified Public Accountant or equivalent qualification is desirable
Familiarity with Japan tax laws and regulatory requirements for financial reporting and capital adequacy is preferred.
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.
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, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.
