Analyst, Transfer Agency Oversight/ Invoice Reconciliation

About this role

Technology and Operations (“Tech Ops”) supports the development of the firm's operating infrastructure to support BlackRock's investment businesses worldwide. Tech Ops establishes and coordinates operational procedures internally and externally with clients, custodians, accounting agents, prime brokers, broker-dealers, and other vendors, as well as strengthen BlackRock's relationships.

Global Fund Distributor Services (“GFDS”) is a unit within Tech Ops – Global Accounting And Product Services (GAAPS). GFDS provides management and oversight of BlackRock Fund Transfer Agents and distribution partners that service and distribute our Fund Ranges globally. We also perform governance and oversight of BlackRock’s Retail Fund Distribution Partners. As we look to expand GFDS footprint in India, we are seeking an Analyst to join our team.

In the main, this role will sit within the Fund Distributor Payments function with a focus on reconciliation of our TA data and client fees to facilitate client payments. This requires a strong attention to detail, diligent, proactive attitude to break resolution and, ideally, reconciliation experience.

Our ideal candidate will be familiar with financial control processes and data analysis in Excel. As a member of the team this role will primarily be responsible for the following:

• Process US & EMEA payments while ensuring contractual terms are properly enforced and audit requirements are satisfied

• Work in partnership with our team members across the Firm to ensure all invoicing is completed accurately and timely within our agreed upon SLA while maintaining a consistent focus on the client experience

• Maintain and reconcile intermediary data. This could include researching differences between Transfer Agents, trading partners and fee payment software using Excel/MS Access

• Exception monitoring and escalation of any fee discrepancies to ensure transparency on outstanding issues while properly mitigating areas of risk

• Ensure a robust control environment exists between the fund service provider and internal stakeholders

• Drive increased efficiency and innovation through continuous review of operating procedures and partner with team to evaluate technology improvements

• Ensure third party Transfer Agent setup of retrocession agreements and fee terms are in line with BlackRock instructions

• Review retrocessions calculations are in line with a standard methodology and provide commentary for outliers to mitigate risk

Experience

• Minimum 2-5 years of financial services experience and have a good understanding of Financial Markets, preferably within the Asset Management, Reconciliation role or Transfer Agency Oversight environment.

• Bachelor’s degree in accounting (strongly preferred) or Finance.

• Previous reconciliation / data analysis experience would be encouraged

• Strongly proficient in Excel and Microsoft Office

• Understanding of risks and controls within a financial services environment

• Experience of working with external providers

• Knowledge of SQL and similar database technologies (Aqua Data) as well as an emphasis on automation and visualization tools (Tableau/PowerBI) would be beneficial

Relevant Skills

• Attention to detail, strong analytical skills, and ability to prioritize the most critical business issues

• Ability to meet deadlines, multitask and be initiative-taking within a high pressure environment

• Strong collaboration skills and experience of working cross-functionally

• Intellectual curiosity and the desire to take initiative and deliver results

• Report on progress to the manager, escalating any obstacles that may prevent you delivering on your agreed workload

• Look for any opportunities to improve business processes and technology tools, with a lens on risk management and mitigation

• Engage and maintain relationships with key partners in GAAPS and across the firm to effectively navigate the global organization

• Provide exceptional client service through quick and complete response to internal/external client queries

• Assist with developing metrics and reporting for senior management

#EarlyCareers

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

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, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.