Portfolio Accounting Associate

About this role

Portfolio Accounting

About BlackRock

Elevate your career by joining the world's largest asset manager! Thrive in an environment that promotes positive relationships and recognises outstanding performance. We know you want to feel valued every single day and be recognised for your contribution. At BlackRock, we strive to empower our employees and effectively engage your involvement in our success. With over USD $9 trillion of assets we have an outstanding responsibility: our technology and services empower millions of investors to save for retirement, pay for college, buy a home and improve their financial well-being.

Team Overview

The Accounting Services and Oversight (ASO) – Institutional team produce NAV and Performance for institutional separate accounts on a daily and monthly basis using Aladdin Accounting. This includes analysis/comparison with third parties such as custodian banks and accounting agents.

The team has a view across the entire Aladdin platform and works closely with key internal partners to ensure NAV accuracy. This leads to natural exposure to several teams including but not limited to portfolio managers, performance attribution specialists, trade operations, cash & assets reconciliations, client management and technology teams. We also provide training, support, and subject matter expertise to client implementations of Aladdin’s Performance & Official Accounting.

Primary Job Responsibilities

• Conduct portfolio valuations, performance calculation and analysis for Institutional portfolios using Aladdin Accounting platform
• Work closely with upstream teams such as Cash reconciliation, Trade operations, Data Integrity Groups and Portfolio managers to ensure NAV and Performance accuracy
• Support Portfolio Management Group (PMG) and Institutional Client Business group (ICB) in resolving portfolio valuation and performance related queries;
• Work with clients effectively by supporting Client Business in servicing client requirements on a regular basis or on special projects
• Enhance the client experience by answering NAV or Performance related queries in a timely and accurate manner
• Work with the product owners on the development of the Aladdin Accounting platform through improving functionality and development testing
• Coordinate the re-engineering of BlackRock’s operating environment and participate in various automation projects to enhance productivity and controls
• Assist in conducting and implementing procedures and controls to ensure GIPS, SOX, RCSA and SOR Audit requirements

Skills and Qualifications

• Proven experience in performance measurement, fund accounting and/or operations
• Proficient in the working knowledge of Equity, Fixed Income, and derivative securities
• Works well in a team environment with an entrepreneurial spirit that is willing to build on additional responsibilities quickly
• Enjoys working in a fast-paced, high-intensity environment, with excellent analytical, written and oral communications skills
• Strong client service skills and a passion for delivering service excellence
• Highly proactive, willing to take ownership of issues and follow through to resolution
• Good knowledge of Excel. SQL and VBA experience desirable but not necessary

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.