Accounts Payable Specialist, Management Company Accounting, Associate

About this role

HPS Investment Partners, a part of BlackRock, is a leading global, credit-focused alternative investment manager that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage various strategies across the capital structure, including privately negotiated senior debt; privately negotiated junior capital solutions in debt, preferred and equity formats; liquid credit including syndicated leveraged loans, collateralized loan obligations and high yield bonds; asset-based finance and real estate. The scale and breadth of our platform offer the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients.

Department Description

The Management Company Accounting team ensures all financial transactions are properly identified, interpreted, analyzed, and reported throughout the organization and to various external stakeholders for measurement and assessment of financial performance. The team is responsible for ensuring that resources are properly budgeted and allocated throughout the organizations by ensuring risks are properly managed and controls are sufficiently designed and that such firm investments are appropriately strategized to generate sufficient returns and distributions. The Group collaborates with all aspects of the Firm including strategic corporate investors, partners, BDIR, tax, payroll, operations, legal and compliance, and fund accounting, amongst others.

Position Description

HPS is looking for a bright and motivated individual to join our Mumbai based Management Company Accounting team to work with the Accounts Payable team primarily focusing on all aspects of the Firm’s Accounts Payable function and assisting in the administration of the Firm’s Vendor Risk Management Program. The position will report to the New York based, ED of Accounts Receivable/Payable and work within the Global Controller’s Group

Responsibilities

Specific responsibilities will include but not be limited to the following:
• Work directly with New York-based AP Managers and other HPS Accounts Payable professionals to ensure that all amounts due are verified, processed and paid in an accurate and timely manner including:
◦ Verification of invoice authenticity
◦ Approval of invoices with HPS vendor managers
◦ Accurate processing of invoice data in HPS’s Workday ERP
◦ Invoice specific research
◦ Payment status updates
◦ Vendor communications
◦ Construction of accurate and well supported allocation files
◦ Verification of supplier details to ensure proper payment processing
◦ Supplier analytics
• Participation in regular team meetings and interactive group chats
• Work collectively with team to ensure processes are effective in periods of high volume
• Assist in the improvement of current processes and procedures to enhance controls and efficiency as well as special projects and troubleshooting on an as needed basis

Candidate Profile
• 4-9 years of relevant Accounts Payable experience
• Bachelor’s degree in Business related field preferred
• Ability to work New York hours
• Detail oriented and motivated individual with strong communication skills
• An inquisitive and curious mindset
• Demonstrates competency in problem solving
• Experience with Workday a significant plus
• Proficiency in Microsoft Office a plus

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.

Guidance on AI use for candidates

At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.

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.

To learn more about BlackRock, please visit Careers.BlackRock.com. We also encourage you to get to know us on LinkedIn, Instagram, YouTube, X, and TikTok.

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.