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The Derivatives Accounting Analyst is responsible for overseeing and executing accounting processes related to derivative instruments. You will focus on delivering BlackRock to clients by supporting the monthly accounting close, involving yourself in client/department initiatives, improving the process and controls using capabilities of other parts of the BlackRock organization as the need arises. You will have the opportunity 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.
Job Responsibility:
Developing a detailed knowledge of BlackRock’s capabilities, products and services for insurance companies specifically as it relates to Derivative instruments like Swaps, Forwards, Futures and Option across asset classes
Responding to daily inquiries from clients requesting of information
Completing all daily reviews of exception management tool for accounting
Responsible to deliver accurate investment reporting for clients through preparation, review and ensure distribution of various accounting packages and reporting schedules
Completing all quarterly/annual NAIC Schedule DB reconciliations and reporting in compliance with US Statutory guidelines
Providing complete and accurate review of data to clients’ derivative book of business
Analyzing accounting data and providing commentary regarding results, call out to senior team members when required
Assist in client or department projects and initiatives to improve the service offering
Use learning tools and trainings to deepen understanding of accounting policy and pronouncements to ensure reporting follows the standards
Learn and promote the use of technology to better serve our clients
Requirements:
Understanding of investment accounting product mechanics across Equity, Fixed Income, and Derivative instruments
Working knowledge of the Derivative products life cycle - both Cleared and Bilateral Derivatives
1-4 years of confirmed experience in investments/markets with degree in relevant field
Ability to prioritize multiple request and time management
MBA /Accounting or similar qualification with a technical understanding of General Ledgers