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- Tasks: Lead investment accounting services and enhance reporting processes for clients' derivative assets.
- Company: Join BlackRock, the world's largest asset manager, dedicated to financial well-being.
- Benefits: Enjoy flexible time off, education reimbursement, and a hybrid work model.
- Why this job: Be part of a diverse team making a real impact in financial services.
- Qualifications: 6+ years in investment accounting with knowledge of regulatory standards required.
- Other info: Opportunities for professional growth and ongoing learning about complex accounting.
The predicted salary is between 43200 - 72000 £ per year.
Are you an Investment Accounting professional searching for an exciting, multi-faceted opportunity with the world's largest asset manager? If you pride yourself on building positive relationships, developing process solutions, and bringing strategic visions to fruition, then look no further! BlackRock is seeking a Vice President to join our team. We value diversity and welcome candidates with rare skills, eagerness, and passion. We support your growth both as an individual and as a professional. We believe you want to feel valued and recognized for your contributions every day. At BlackRock, we strive to engage our employees and involve them in our success. Our technology and services empower millions of investors to save for retirement, pay for college, buy a home, and improve their financial well-being. Join us and be part of an organization that makes a difference.
Our Investment Accounting Group provides accounting and regulatory data services to insurance clients, including reconciliation, asset tracking, accounting, and oversight of monthly and regulatory schedules.
The Role: Responsible for managing all aspects of accounting and reporting services related to our clients' derivative assets. Focus on delivering value to clients by supporting monthly accounting closes, leading initiatives, and improving processes and controls using capabilities across BlackRock. There are opportunities for professional growth within the group or into other teams across BlackRock. Our services also offer opportunities for ongoing learning about product types, accounting complexities, and technical skills.
- Develop knowledge of BlackRock's capabilities, products, and services for insurance companies.
- Stay informed about regulatory changes and new accounting standards to ensure compliance across multiple accounting bases (IFRS, US Statutory, US GAAP).
- Support business growth, new client onboarding, and client retention within the insurance sector, collaborating with other BlackRock teams.
- Represent accounting on cross-functional projects to achieve business and client objectives.
- Enhance investment reporting processes to improve efficiency, reduce risk, and incorporate business and product changes.
- Work with vendors to prioritize development needs and ensure timely completion.
- Provide expert support during client meetings and calls regarding accounting matters.
- Conduct training sessions for the Investment Accounting Team.
- Review quarterly regulatory reconciliations and assist with audits by evaluating results and recommending control improvements.
Experience Required: Minimum of 6 years of experience in investments/markets with a solid understanding of investment accounting. Knowledge of insurance and investment companies, including relevant regulatory and accounting standards. Experience with operational improvements and control enhancements. Familiarity with derivative financial instruments, reporting, and disclosures.
Our benefits: We offer a wide range of benefits to support your physical and emotional well-being, including retirement tools, education reimbursement, family support programs, and Flexible Time Off (FTO).
Our hybrid work model: Employees work at least 4 days in the office and 1 day from home weekly. Some teams may require more in-office presence. This model aims to foster collaboration and support your onboarding and learning experience.
About BlackRock: Our mission is to help more people experience financial well-being. We are committed to creating a welcoming environment with opportunities for growth and development. BlackRock is an Equal Opportunity Employer. We evaluate applicants without regard to age, disability, race, religion, sex, sexual orientation, or other protected characteristics.
Institutional Accounting Vice President employer: BlackRock, Inc.
Contact Detail:
BlackRock, Inc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Institutional Accounting Vice President
✨Tip Number 1
Familiarise yourself with BlackRock's products and services, especially those related to insurance clients. Understanding their capabilities will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Stay updated on the latest regulatory changes and accounting standards relevant to investment accounting. This knowledge will be crucial during discussions and will show that you're proactive about compliance and industry trends.
✨Tip Number 3
Network with current or former employees of BlackRock, particularly those in the Investment Accounting Group. They can provide insights into the company culture and expectations, which can be invaluable during your application process.
✨Tip Number 4
Prepare to discuss your experience with operational improvements and control enhancements in detail. Be ready to share specific examples of how you've successfully implemented changes in previous roles, as this aligns closely with the responsibilities of the position.
We think you need these skills to ace Institutional Accounting Vice President
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Vice President, Investment Accounting position. Tailor your application to highlight relevant experience in investment accounting and your understanding of regulatory standards.
Highlight Relevant Experience: In your CV and cover letter, emphasise your minimum of 6 years of experience in investments/markets. Include specific examples of how you've managed accounting and reporting services, particularly related to derivative assets and insurance clients.
Showcase Your Skills: Demonstrate your knowledge of operational improvements and control enhancements. Mention any familiarity with derivative financial instruments and how you've contributed to improving processes in previous roles.
Personalise Your Application: Make your application stand out by personalising it. Reference BlackRock's mission and values, and explain why you are passionate about contributing to their goal of enhancing financial well-being for clients.
How to prepare for a job interview at BlackRock, Inc.
✨Understand the Role and Responsibilities
Before the interview, make sure you thoroughly understand the key responsibilities of the Vice President, Investment Accounting role. Familiarise yourself with BlackRock's services, especially those related to insurance clients, and be prepared to discuss how your experience aligns with these duties.
✨Showcase Your Technical Knowledge
Given the focus on investment accounting and regulatory compliance, be ready to demonstrate your knowledge of IFRS, US GAAP, and other relevant accounting standards. Discuss any experience you have with derivative financial instruments and how you've navigated complex accounting scenarios in the past.
✨Highlight Your Relationship-Building Skills
BlackRock values positive relationships, so be prepared to share examples of how you've successfully built and maintained relationships with clients or stakeholders. Discuss any initiatives you've led that improved client satisfaction or retention, particularly in the insurance sector.
✨Prepare for Cross-Functional Collaboration Questions
Since the role involves working with various teams, think of examples where you've collaborated on cross-functional projects. Be ready to explain how you contributed to achieving business objectives and how you can bring that collaborative spirit to BlackRock.
