Investment Accounting Migrations Specialist

About this role

Associate, Investment Accounting Migrations Specialist: 

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.

Our Investment Accounting Group provides accounting and regulatory data services to insurance clients. Our accounting services include the reconciliation, accounting for assets, along with preparation and oversight of monthly reporting 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 supporting our strategic initiative to deliver our new and proprietary accounting software to existing BlackRock clients. Specifically, the Associate will support asset onboarding, variance analysis, stabilization of the monthly close process, and the transition to the client’s production support team.

A key function will be improving processes controls, and user experience, often while collaborating with other areas of the BlackRock organization.

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.
• Implement and operate on newly developed BlackRock proprietary accounting software.  Provide feedback and improvement ideas to enhance system functionality.  Leverage your analytical abilities to identify and assess system challenges and inefficiencies utilizing a strong aptitude for the understanding of how accounting data is supported through the new platform. This includes an understanding of data flow from the underlying transaction through the journal entries/trial balance and ultimately, financial reporting.
• Partner with other BlackRock teams, including product and engineering. 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 with a focus on investment accounting
• Comprehensive understanding of key accounting reports (Balance Sheet, Income Statement, and Trial Balance)
• Proven track record of demonstrating analytical and problem-solving skills
• Experience implementing accounting systems preferred
• Knowledgeable in regulatory and accounting standards
• Experience with the following financial instruments; securities, 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.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being.  Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity Employer.  We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.