Investment Accounting - Associate

About this role

BlackRock is one of the pre-eminent global asset management firms and a world-class 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 fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.

Fund Accounting Oversight ("FAO") is a unit within Business Operations. FAO, in part, is responsible for the oversight of accounting service providers for BlackRock’s US and CAD Mutual Funds, Americas iShares and BTC Collective Investment Funds ("CIFs") as well as providing strategic product support for other teams throughout BlackRock.

Role Responsibilities:

Within FAO, we perform daily and monthly functions using appropriate controls in accordance with accounting and procedural policies. We also partner with custodians, counterparties, accounting providers and various internal departments to resolve operational, valuation and accounting issues. We are a group that enjoys problem solving and working collaboratively.

We are seeking a hardworking, ambitious learner, who has a strong work ethic to join our team. The FAO Analyst will assist in all functions focusing on the daily accounting oversight of the mutual funds, iShares and CIFs.

An Analyst will also conduct tasks including reconciliation oversight, review of fund performance against benchmarks and oversight of fund expenses.

You will communicate with all levels of management, participate in product life cycle events, such as fund launches, mergers and liquidations, and complete tasks in an accurate and timely manner.

The suite of services provided to our clients offers opportunities for further personal learning, both in terms of product types and accounting complexities, as well as the ongoing development of technical strengths.

As a member of FAO, you will have the opportunity for continued professional development with a career path within the group, or into other operating teams or business areas across BlackRock.

Skills:

• Bachelor’s degree is required
• 1 to 4 years of equivalent work experience in the Mutual Fund Industry
• Minimum of 1 years’ experience in Mutual Fund Accounting, Administration or Audit preferred
• Mutual fund regulatory and GAAP knowledge preferred
• Tax knowledge beneficial but not essential
• Excellent organization, communication and writing skills
• Proficient in Excel, Word and PowerPoint. Power BI and SQL a plus.
• Proven ability to work in a team oriented environment
• Enjoys a fast-paced, high-intensity environment

Strengths You’ll Need:

• Attention to detail, accurate work and analyze relevant information using logic and consider relevant facts to make rational, realistic and sound decisions
• Excellent verbal and interpersonal communication skills; clear articulation of financial analyses and issues to management
• Self-motivated, determined to achieve goals and works hard to meet those goals.
• Promotes and facilitates the group’s work while contributing to the group using encouragement and motivation
• Effectively plans, implements and controls major projects or strategic assignments that involve multiple resources and sophisticated scheduling in a team or cross-functional approach.
• Makes timely decisions and is prepared to take action in conditions of uncertainty or ambiguity

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.