Associate, Investment Accounting Cash & Asset Reconciliation

About this role

Company: BlackRock Financial Management, Inc.
Job Title: Associate, Investment Accounting Cash & Asset Reconciliation
Location: 100 Bellevue Parkway, Wilmington, DE 19809

Job Duties: Serve as a subject matter expert for onboarding and implementing new investment accounting clients: interfacing with technology and business support teams to configure BlackRock’s enterprise software, Aladdin, for receipt via interface of custodian and investment manager data, daily analytics, controls, automation, and reporting to establish processes and best practices to achieve accounting goals and objectives. Collaborate closely with the implementation supporting groups to provide strong leadership throughout the implementation. Understand client's goals/objectives and take strong ownership to deliver on desired output. Monitor and control onboardings by actively identifying, tracking, managing, mitigating and resolving implementation issues and risks. Conduct meetings, collaborate with project team members to build consensus on complicated issues. Continuously refine process and standards, adopting best practices to ensure optimal delivery. Ensures all BlackRock cash and position data are accurate for critical processes including investment management, analytics, compliance, and regulatory. Cash and Position types include equities, fixed income, OTC derivative positions (swaps, swaptions, FXs, and synthetics) and collateral. Handles risk and exposure for BlackRock by ensuring the investment book of record is reconciled with the custodian, manager, client and prime record holders daily. Completes control reports, cash and position break resolution, inbox and dashboard monitoring, client and portfolio data maintenance, and daily subscription/redemption activity. Addresses inquiries, performs controls, resolves problems, and mitigates risks for clients and internal BlackRock partners. Prepares and reviews reconciliations between BlackRock, Asset Manager, and Custodian Bank, including researching differences and resolving them. Performs ongoing maintenance of the existing accounts to reflect client or account level changes. Assists in special projects and initiatives to improve the service offering. Evaluates process and procedures for inefficiencies and makes recommendations for improvement, while acting as a change-management agent to consistently improve the quality control environment and develop standard methodologies. Raises all material risk items and service issues on a timely basis. Coaches and mentors team members to encourage high individual performance and service standards. Align team objectives with firm strategy. Identify and support development opportunities for each team member. Encourage productive debate and manage conflict. Set expectations for performance and rewards, and effectively communicate outcomes. Create a sense of belonging for every member of the team.

Qualifications: Masters degree in Finance, Business Administration, Accounting, Information Technology, Economics, or a closely-related field. 36 months of experience in a Financial Analyst, Cash and Asset Reconciliation Specialist, Operations Analyst, or related role. Requires 36 months of experience in the following skills: 1. Mechanics of reconciling cash transactions, cash balances, and positions; 2. Reconciliation exception management; 3. Data analysis; 4. Equity and fixed income securities and derivative products; 5. Reviewing, researching, and coding transactions, balances, and positions exceptions with root cause, responsibility party, and resolution commentary;6. Navigate, review, extract through custodial and broker portals; and, 7. Build and execute SQL scripts. Requires any amount of experience in the following skill: 1. Navigate and utilize Aladdin Tools.

To apply, please click “Apply” on this webpage.

For Wilmington, DE Only the salary range for this position is USD$0.00 - USD$0.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, 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 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.