Associate, Investment Accounting

Are you an Investment Accounting professional searching for an exciting, significant, 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 pursuing an Associate to become a part of the team. We recognize that strength comes from diversity, and will accept rare skills, eagerness, and passion. All the while supporting the freedom to grow authoritatively and as an individual. We know you want to feel valued every single day and be recognized for contributions!

At BlackRock, we strive to equip our employees and actively engage their involvement 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 the team and experience what it feels like to be part of an organization that makes a difference.

Our Investment Accounting Group provides accounting and regulatory data services to insurance clients. Our accounting services include the reconciliation, tracking, accounting for assets, along with preparation and oversight of monthly packages and regulatory schedules.

The Role:

• Responsible for supporting our investment accounting platform migrations team, meeting the needs and evolving priorities of our clients.
• Focus on delivering BlackRock to our clients by supporting our key strategic project to deliver our new, in-house developed accounting software. Specifically supporting client onboarding, monthly accounting close processes, as well as improving this new process and controls using capabilities of other parts of the BlackRock organization as the need arises.
• This role supports many opportunities for continued professional development with a career path within the group, or into other operating teams or client-facing business areas across BlackRock.
• Our suite of services provided to our clients offers opportunities for further personal learning, both in terms of the product types and accounting complexities, as well as the ongoing development of technical strengths.

Key responsibilities include:

• Develop a detailed knowledge of BlackRock’s capabilities, products and services supporting our clients. Keep abreast of and optimally communicate the implications of the evolving regulatory landscape and new accounting pronouncements to ensure compliance by our insurance company, across multiple bases of accounting i.e. IFRS, US Statutory, US GAAP, etc.
• Operate on new, BlackRock-developed accounting software. Provide feedback and improvement ideas to enhance the functionality of new accounting software. Leveraging technology to assess system challenges and inefficiencies utilizing a strong aptitude for the understanding of how accounting data is supported through this new technology.
• Support the migration of clients to our new software working in partnership with other BlackRock teams. Provide client-transition updates to internal groups highlighting any migration challenges. Support accounting on cross-functional projects and working groups in support of delivering key business and client objectives.
• Contribute to the continual development of the investment reporting production and control processes to optimize efficiency, mitigate risk and incorporate business and product changes, ensuring procedures are maintained in line with all current practices.

Experience Required:

• Minimum 3 years of proven experience in investments/markets and understanding of investment accounting.
• Knowledgeable in regulatory and accounting standards.
• Knowledgeable in financial instruments including securities and loans, derivatives, alternatives, and mortgages.
• Familiarity with product-specific financial reporting and disclosures.
• Continuous operational improvement and control enhancement mentality.
• Fluency (written and oral) in English required.

What sets this opportunity apart is the chance to work with a world-class organization like BlackRock. Our commitment to excellence and innovation in the finance and insurance industry is unmatched. As an Associate, Investment Accounting Migrations Specialist, you will have the opportunity to collaborate with cross-functional teams, work alongside highly skilled professionals, and contribute to the successful implementation of advanced technology solutions.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.