Investment Accounting - Associate

About this role

Are you an Investment Accounting professional searching for a rewarding, significant, multi-faceted opportunity with the world's largest asset manager? Do you pride yourself on building positive relationships, developing process solutions and bringing strategic visions to fruition? Look no further! Black Rock is pursuing an Associate of Investment Accounting to become a part of the team. We recognize that strength comes from diversity, and will accept rare skills, eagerness, and passion 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 your contribution. At Black Rock we strive to empower our employees and actively engage your 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 handling all aspects of accounting and reporting services and meeting the needs and evolving priorities of our clients. You will focus on delivering Black Rock to clients by supporting the monthly accounting close, leading client/department initiatives, improving the process and controls using capabilities of other parts of the Black Rock organization as required. 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 Black Rock.

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:

• Developing a thorough knowledge of Black Rock’s capabilities, products and services for insurance companies
• Staying ahead of and effectively communicating the implications of the evolving regulatory landscape and new accounting pronouncements to ensure compliance by our insurance companies, across multiple bases of accounting (i.e., IFRS, US Statutory, US GAAP, etc.)
• Responsible to improve investment reporting for clients through preparation, review and ensure distribution of various accounting packages and reporting schedules
• Supporting business growth within the insurance sector working in partnership with other Black Rock teams
• Completing all quarterly/annual NAIC reconciliations and reporting in compliance with US Statutory guidelines
• Assisting in the continual improvement 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
• Providing complete and accurate review of data to clients’ book of business
• Conducting special projects and initiatives to improve the service offering

Experience

Required:

• Understanding of investment accounting product mechanics including debt instruments, equities and derivatives
• Minimum 3 years of industry experience in investments/markets and understanding of investment accounting
• Knowledge of insurance companies, including the regulatory and accounting constraints and standards under which they operate
• Continuous operational improvement and control enhancement mindset
• Familiarity with product- specific financial reporting and disclosures

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…