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About this role: BlackRock provides accounting and regulatory data services to clients who have outsourced their accounting function to BlackRock. BlackRock is currently embarked on an exciting program of work to develop our accounting operating platform and to extend asset class coverage. As our business has expanded, we have a requirement for strong implementation skills and accounting knowledge to continue to extend our depth. BlackRock is seeking an Associate/ Analyst to become part of a team that will embrace your skills, eagerness, and passion while giving you the freedom to grow professionally. The successful candidate will be responsible for overseeing key functions of our client support model to implement clients onto our Aladdin accounting platform. The role will focus on developing investment process solutions for new and existing clients alike and be responsible for bringing together the capabilities of other parts of the BlackRock organization as required.
Job Responsibility:
Develop a thorough knowledge of BlackRock’s capabilities, products and services for Investment Accounting clients
Drive the execution of project plans for client migrations and implementations with measurable goals, driving consensus and communicating to partners and management throughout
Drive systems deployments, portfolio configurations (including char of accounts and relevant accounting elections), initialize accounting positions, review of positions initialized (book values, carry values, market values etc.), exception and breaks analysis and finalizing financial impact
Improve our ability to scale migrations and implementation efforts to ensure we can support multiple ongoing efforts concurrently, given our projected sales targets
Engage and maintain relationships with key partners across the firm to support business growth, implementation of new clients, and migrations and retention of existing clients
Represent BlackRock on cross-functional projects and working groups in support of delivering key business and client objectives
Ensure alignment of additional services with our Aladdin Accounting offering but supporting proper product integration in partnership with colleagues across the firm
Requirements:
3-7 (Associate)/ 0-4 (Analyst) years of experience in financial services
familiarity with insurance clients a plus
possess a working knowledge in US GAAP/ International GAAP and/or Statutory accounting for investments, including securities, alternatives, mortgage loans, and derivatives
proven ability to work on cross-functional, virtual teams to achieve business goals
a pro-active interest in keeping up to date with industry, accounting standards and client product changes
adept at effective communication and forming strong relationships with clients and internal partners
ability to multi-task and balance multiple requests without losing sight of overall business objectives and delivery requirements
ability to leverage new technology to benefit partners