About This Role
Company: BlackRock Financial Management, Inc.
Job Title: Vice President, Financial Planning & Analysis
Location: 50 Hudson Yards, New York, NY 10001
Job Duties: Manage and lead firm wide performance fee and direct incentive compensation expense in-year forecasting and go-forward budgeting process. Develop and maintain detailed performance fee forecast and budget model for newly launched funds; continuously enhance existing forecast models. Analyze and monitor closely product performance, generate scenarios for performance fee and compensation expense forecast, and assess impact on the firm’s overall margin. Centralize and establish integrated reporting and analytics across all incentive compensation lines (including direct incentive, corporate bonus, formulaic compensation plans) to senior management and business’ stakeholders. Assess the impact of various corporate events (e.g. acquisition, compensation plan changes) on incentive compensation pool and the firm’s margin, providing proposals on corporate bonus pool accrual adjustments. Communicate effectively to senior management and support strategic decision-making by analyzing results, highlighting key changes and providing actionable insights. Develop an integrated incentive compensation framework by standardizing processes and models across various business units. Lead finance process for year-end incentive compensation to help determine pay-outs amount and track proper reconciliation against those amounts. Proactively identify opportunities to enhance reporting processes and control environment through implementation of automated processes. Work cross-functionally closely with accounting, HR, controller, operations, to identify and resolve discrepancies and improving control over performance fee revenue accrual booking and the incentive compensation year-end processes.
Qualifications: Master's degree in Finance, Business Administration, Public Administration or related field and 48 months of experience in the job offered or related occupation. Requires 48 months of experience involving the following:
- Performing end-to-end financial analysis and internal and management reporting on business economic performance leveraging various data sources;
- Working with balance sheets, income statements, and key performance concepts and metrics, including revenue, expense, and margin;
- Applying capital markets principles and financial products, including fixed income securities, and equities to analyze PnL and performance;
- Applying financial and accounting policy and the implicated impact to markets, investment and business operation;
- Working with accounting processes, including general ledger and processing journal entries; 6. Supporting technology implementation and automation projects, including leading projects, managing timelines, identifying and mitigating key risks, testing, assessing impacts and escalating issues to management;
- Supporting internal and external financial audits, including supporting audit trail, audit testing, control documentation processes, and audit inquiries; and
- Utilizing Excel and PowerPoint to model, demonstrate data, and present results and insights on business performance to business counterparties and senior leadership.
Requires 12 Months Of Experience Involving The Following
- Formulating and tracking performance/sales-linked compensation plans.
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For New York, NY Only the salary range for this position is USD$162,100.00 - USD$173,500.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.
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 workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law.
View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.
BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email Disability.Assistance@blackrock.com. All requests are treated in line with our
privacy policy.
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.
