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The 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 accounting packages and regulatory schedules.
Job Responsibility:
Handling all aspects of accounting and reporting services and meeting the needs and evolving priorities of our clients
Developing a detailed knowledge of BlackRock’s capabilities, products and services for insurance companies
Staying ahead of and successfully communicating the implications of an evolving regulatory landscape, including new accounting pronouncements, across multiple bases of accounting (i.e., IFRS, US Statutory, US GAAP, etc.)
Responsible for improving and leading Alternatives investment reporting for clients and prospects, informing and handling the implementation of client mandates with effective planning and use of resources
Supporting business growth within the insurance sector by working in partnership with other BlackRock teams
Acting as a subject matter specialist for all Alternative investment types as it relates to setup and processing in compliance with accounting guidelines
Ensuring consistent process and control across client base
Representing Alternatives accounting on cross-functional projects and working groups in support of key business and client objectives
Assisting in the continual improvement of the investment reporting and control processes to improve efficiency, mitigate risk and incorporate business and product changes, ensuring procedures are in line with all current practices
Providing expert-level support for clients on alternatives-related matters and suggest potential improvements
Conducting periodic training with the Investment Accounting Team on new Alternative investment strategies, product types, and accounting changes
Requirements:
Minimum 6 years of proven experience in investments/markets and understanding of Alternative Investment accounting
Understanding of Alts product mechanics, requirements, including Equity Method of Accounting for Partnerships/Joint Ventures held as investments
Knowledge of insurance companies, including the regulatory and accounting constraints and standards under which they operate
Continuous operational improvement and control enhancement demeanor
Familiarity with product-specific financial reporting and disclosures