BlackRock Cash Accounting Analyst in Budapest, Hungary

About Blackrock

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.



At BlackRock we are building something great in Budapest, our new global technology and Innovation hub, where we want to shape a culture in which challenge, development and innovation happen every day. Our mission as an organisation is create a better financial future for our clients and BlackRock Budapest will enable this, through a relentless drive to make ourselves and our communities better. We are a diverse bunch of people who like to analyse, reinvent, and enhance how we work, and all in the pursuit of a better experience for our colleagues and clients. We offer The excitement to be a founder in a start-up with the security of a global, leading organization, where you will find innovation and inclusion are our competitive advantages. There are limitless problems to solve and opportunities for learning and development, alongside a team of clever and caring colleagues. Our culture is one of respect, challenge and stretch and we expect and value feedback. We believe that people reach their best potential when the different facets of their home, work and community are all cared about. We will have a fun, fast paced work environment located in cutting edge facilities, with competitive and innovative benefits, and the ability to define your role, pursue your aspirations and shape your future within Hungary and beyond.

Business Unit Overview:

The Global Finance Operations Business Unit is responsible for various accounting operations including Global Accounts Payable, T&E and Global Cash Accounting. The Global Cash Accounting Team are currently based in both Edinburgh and Gurgaon and are in the process of building a presence in Budapest.

Job Purpose/Background:

The EMEA Cash Accounting is 15 people strong and is responsible for the control of around 480 Corporate Bank Accounts held in various currencies; each has multiple currency transactions flowing through. This role will report directly into the team lead for EMEA Payable Bank Rec’s, but also have a local reporting line to the AP Vice President in Budapest.

Key Responsibilities:

• Responsible for the reconciliation and control of Corporate Bank Accounts over various currencies spanning multiple sets of books.

• Daily checking of bank transactions and processing of journal entries to the General Ledger via the Oracle WebADI system and the AR Sub Leger.

• Responsible for the timely clearance of outstanding items on Reconciliations.

• Completion of monthly Cash Balance Sheet Substantiation in the Assurenet system.

• Liaising with Accounts Payable Team, Credit Control and other Finance functions on payment/receipt queries were appropriate.

• Provide cover for manual payment processing when required.

• Support other team members through periods of fluctuating workload and annual leave.

Development Value:

At BlackRock, investing in people is a strategic priority and one that is vital to the firm's future success.

The role will provide wide exposure to various Finance functions i.e. Accounts Payable, Payroll, Financial Reporting Group, Corporate Control, Treasury and Tax. BlackRock offers employees a number of training resources including e-learning, reference documents and in-house training courses which will all help to build a successful and rewarding career with the Company.


• Advanced level of Microsoft Excel (including V-lookups formulas).

• Previous Bank Reconciliation and Foreign Exchange experience essential.

• Knowledge of Accounts Payable processes and Banking systems desirable.

• Ability to recognise and resolve problems and identify process improvement requirements within the role.

• Be able to clearly and confidently communicate in verbal and written form, with all levels of the business.

• Experience of Oracle financial software packages.

• Candidate should have the ability to flourish in an extremely fast-paced and growing environment.


• Advanced level of Microsoft Excel (including V-lookups formulas).

• 0–3 years of experience in a related field


• Self-motivated team player with excellent attention to detail.

• Ability to multi-task and prioritise own work.

• Excellent written and verbal communication skills

Job Function: Accounting/Finance/Tax

Organization: Finance

Title: Cash Accounting Analyst

Primary Location: EMEA-Hungary-Budapest

Requisition ID: 171572

Job Posting: Jun 8, 2017, 9:48:52 AM