Director, Investment Accounting Mortgage Loans
Wilmington, US
Princeton, US –
Investment Operations – Investments
Description
About this role
BlackRock, Investment Accounting Director
Wilmington, DE or Princeton, NJ US
About This Role
Are you an Accounting professional searching for an exciting, significant, dynamic 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 a Director to become a part of the team.
BlackRock is a preeminent asset management firm and provider of global investment management, risk management and advisory services to institutional, intermediary, and individual investors around the world. BlackRock offers a range of solutions – from thorough fundamental and quantitative active management approaches aimed at improving outperformance to highly efficient indexing strategies designed to gain broad exposure to capital markets.
Business Unit Overview
The Investment Accounting Group (IAG) provides accounting and regulatory data services to clients who have outsourced their accounting function to BlackRock. Our Accounting Services include the preparation and oversight of multi-bases monthly accounting and reporting packages. This offering covers multiple assets classes (Securities, Equities, Derivatives, Mortgages, Alternatives).
IAG has been rapidly growing our service platform beyond our traditional base of insurance clients and developing our accounting operating platform to extend asset class coverage. We are investing in new Aladdin technology to develop an integrated accounting and risk platform with the goal of being an industry-leading investment accounting provider.
Your Role
To further fuel our growth and extend our depth, we are seeking a high-energy, self-motivated accounting professional with strong technical skills and in-depth knowledge of financial instruments with a focus on mortgage loans.
The role provides an excellent opportunity to be a key component of the Accounting team that is passionate about developing investment process solutions for all investments using the capabilities of other parts of the BlackRock organization!
Key Responsibilities
Demonstrate outstanding leadership and managerial skills
Acquire and maintain a detailed knowledge of BlackRock’s capabilities, and product structures
Manage internal oversight and focus on processing and reporting for mortgage loans:
Define quality control requirements and provide overall guidance to ensure compliance with internal/external accounting guidelines
- Maintain consistent method for handling mortgage loans assets across clients
- Define, implement, and train client accounting team on the proper quality controls and continuously review each control for effectiveness and make modifications as required
- Discuss processing and reporting requirements internally and with clients
- Conduct periodic training to the client accounting team on processing and controls; maintain training materials
- Support business growth by providing responses to RFPs for new clients and guidance for any new conversions
- Remain current on accounting pronouncements and upcoming changes
- Participate in the determination of impact of any pronouncement changes to the overall process and accounting results
- Prepare or provide input for leadership documents for distribution to clients
- Provide input regarding the future direction and long-term strategy to support designated product
- Coordinate and validate software functionality including recommendations for improvement
- Identify, drive and prioritize development requests and enhancements impacting BlackRock processes and systems
- Represent IAG on internal cross-functional projects and working groups in support of delivering key business and client objectives
Knowledge/Experience/Requirements
- BS Degree in Finance or Accounting or related experience
- 10+ years of financial/accounting work experience with mortgage loans
- 5+ years of supervisory experience
- Firm knowledge of the business models of insurance companies including the regulatory and accounting constraints under which they operate
- Familiarity with GAAP/STAT/IFRS and accounting policies as it relates to investments
- Strong and effective communication skills to deal directly with clients and across all levels of staff and management
- Ability to prioritize assignments without losing sight of overall objectives and deadlines
- Strong decision-making skills to make well thought out decisions based on information provided
- Strong attention to detail and project management skills
Development Value
This role provides opportunities to join a highly commercial area, working with clients and alongside colleagues in BlackRock Solutions, Technology & Operations. There would multiple opportunities for you to continue professional development with a career path within the IAG, or into other operating teams or client-facing business areas. The products and services provided to our clients offer individuals opportunities for further personal learning, both in terms of the product types and accounting complexities, as well as the ongoing development of technical strengths.
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.
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 most thoughtful 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 careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
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.
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 careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.
Job requisition #
R221713
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