Jobs NYC

BlackRock Financial Management, Inc. is hiring a(n) Vice President, Financial Planning & Analysis (ref. Code R251278 in New York, NY).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.REQUIREMENTS: 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: 1.Performing end-to-end financial analysis and internal and management reporting on business economic performance leveraging various data sources;2.Working with balance sheets, income statements, and key performance concepts and metrics, including revenue, expense, and margin;3.Applying capital markets principles and financial products, including fixed income securities, and equities to analyze PnL and performance;4.Applying financial and accounting policy and the implicated impact to markets, investment and business operation;5.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 andescalating issues to management;7.Supporting internal and external financial audits, including supporting audit trail, audit testing, control documentation processes, and audit inquiries; and8.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:1.Formulating and tracking performance/sales-linked compensation plans. Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, 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.

Minimum Salary: 162100 Maximum Salary: 173500 Salary Unit: Yearly