Associate, Investment Accounting

About This Role

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! Black Rock 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 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 equip 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 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 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 detailed knowledge of Black Rock's capabilities, products and services for insurance companies
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 reconciliations and reporting in compliance with US Statutory guidelines
Providing complete and accurate review of data to clients' 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

Experience Required

Understanding of investment accounting product mechanics including debt instruments, equities and derivatives
Minimum 5 years of confirmed experience in investments/markets with degree in relevant field
Ability to prioritize multiple request and time management
Inclined to learn new processes and adapt to changing environment
CA / CPA or similar qualification with a technical understanding of General Ledgers
Experience in analyzing upstream and downstream data for Investment Products
An understanding of SQL and working knowledge of databases is desirable
Experience in transformation of manual processes using digital tools like Microsoft Power BI, Alteryx, and RPA tools will be an added advantage.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation

Our Benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

Black Rock'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…