Associate, ETF Contracting Payments Support - Princeton

About this role

About Us

BlackRock is one of the leading asset management firms internationally. It provides global investment management, risk management, and advisory services. These services are available to institutional, intermediary, and individual investors worldwide. BlackRock offers various solutions. These include thorough fundamental and quantitative active management approaches developed to improve outperformance. It also provides efficient indexing strategies built 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

Team Overview:

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 strengthens BlackRock's relationships. Global Fund Distributor Operations (“GFDO”) is a unit within Tech& Ops.

The Fund Distributor Payments team performs the reconciliation and payments of fees to US Distribution Partners that distribute the US Mutual Fund, 529 products and ETFs. In addition to invoicing, the team’s responsibilities include but are not limited to: assisting partners in contracting, leading operational relationships with third party distributor invoicing operations, and assisting in economic reviews including management reporting.

Core Responsibilities

Payment Operations & Reconciliation

• Maintain, analyze, and reconcile intermediary and ETF invoicing data from transfer agents and third parties within core systems.

• Set up and modify fee agreements in Fee Manager software, including banking details, CUSIP changes, fund mergers, and closures.

• Research and resolve discrepancies between BlackRock and external data sources using Excel, SQL and other tools.

• Monitor exceptions and bring up fee discrepancies to ensure errors are identified and resolved promptly.

• Ensure all payments are completed accurately and on time, meeting agreed service levels and maintaining a client-focused approach.

Controls & Reporting

• Generate and manage control reports to track fee status and recommend operational improvements.

• Maintain a robust control environment both internally and with fund service providers to mitigate risk.

• Collaborate with compliance and contracting teams to ensure invoicing language aligns with agreements and regulatory requirements.

Process Improvement & Projects

• Drive efficiency and innovation by continuously reviewing operating procedures and evaluating technology improvements, including AI solutions.

• Participate in special projects, such as large-scale data reconciliations and system integrations.

Stakeholder Collaboration

• Work closely with business heads, relationship managers, and other partners to deliver exceptional client service.

• Support cross-functional teams (Contracting, Sales, Finance, Fund Accounting, Accounts Payable, Audit) to process payments and enforce contractual terms.

Skills & Qualifications

• Bachelor’s degree in Finance, Accounting, Information Technology, Economics, or related field.

• 4+ years’ experience in payment operations, reconciliation, or financial services preferred.

• Strong analytical, problem-solving, and decision-making skills.

• Advanced proficiency in Microsoft Excel; experience with SQL or Power BI is a plus.

• Ability to interpret complex legal and financial contracts/agreements.

• Excellent attention to detail and organizational skills; able to manage several priorities in a fast-paced environment.

• Strong initiative and follow-through on outstanding issues.

• Dedication to service excellence and effective communication with internal and external partners.

• Flexible, adaptable, and open to new challenges.

• Experience with automated reconciliation tools or financial systems.

• Understanding of upstream processes impacting reconciliation and ability to assess the effect of changes.

• Proven ability to work independently and as part of a team, maintaining high standards under pressure.

For Princeton, NJ Only the salary range for this position is USD$95,000.00 - USD$127,500.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

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 workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email Disability.Assistance@blackrock.com. All requests are treated in line with our privacy policy.

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.