Investment Accounting, Tech & Ops, Associate
BlackRock
Mumbai, IndiaPosted 1 month ago
Skill Required
UnityAIFulltime
Key highlights
- AUM of $285bn across 25+ insurance clients
- 1+ years related work experience preferred
- Flexible Time Off (FTO) plus comprehensive benefits including retirement plan, tuition reimbursement, and healthcare
- Understanding of GAAP, US Statutory, IFRS, UK GAAP, CAD GAAP accounting basis is essential
Role overview
The Investment Accounting Group (IAG) at BlackRock provides accounting and regulatory data services to over 25 insurance clients (AUM of $285bn) who have outsourced their accounting function. IAG is embarking on an exciting program of work to develop its accounting operating platform and extend asset class coverage, investing in new Aladdin technology and integrating this with PAM for Investments to develop an integrated accounting and risk platform and the industry-leading investment accounting provider. The role provides opportunities to join a highly commercial area, working directly with clients and alongside colleagues in BlackRock Solutions, Technology & Operations, with a career path within the Investment Accounting Group or into other operating teams or client-facing business areas.
Responsibilities
- Analyze accounting data and provide commentary regarding accounting results
- Prepare, review, and/or ensure distribution of various accounting packages and reporting schedules to clients according to specified timeframes
- Assist in special projects and initiatives to enhance the service offering
- Develop understanding of accounting policy and pronouncements to ensure reporting follows the standards
- Leverage technology to provide improved service to clients
- Ensure data reviews and checks are performed to validate accuracy and completeness of data used in reporting
- Complete all quarterly NAIC reconciliations with appropriate follow-up and resolution
- Assist in gathering all necessary information related audit requests
- Respond to daily requests for information from assigned clients
- Complete daily exception review with follow up and resolution
- Work directly with clients and alongside colleagues in BlackRock Solutions, Technology & Operations
- Identify and implement business process improvement discipline
- Identify and drive improvements through a technical and process improvement mindset
Requirements
- Professional with strong knowledge of accounting concepts and controls and various investment types
- Understanding of the requirements for various accounting basis (GAAP, US Statutory, IFRS, UK GAAP, CAD GAAP, etc) is essential to this role
- 1+ years related work experience preferred
- Strong and effective communication skills to deal directly with clients and across all levels of staff and management
- Ability to prioritize and balance multiple requests without losing sight of overall objectives and deadlines
- Strong decision-making skills to make well thought out decisions based on the information provided and to obtain further assistance/clarification when necessary
- Strong attention to detail to ensure a high degree of accuracy
- Strong initiative to follow up on outstanding issues – identify what needs to be done and act
- Strong organizational skills
- Ability to work in a fast paced, deadline driven environment
- Strong working knowledge of Microsoft office products
Nice to have
- BS degree in Finance or Accounting or other related degree
- Knowledge of Insurance related reporting – US Statutory, Solvency II or IFRS also preferred
Benefits
- Strong retirement plan
- Tuition reimbursement
- Comprehensive healthcare
- Support for working parents
- Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about
- Hybrid work model with at least 4 days in the office per week and flexibility to work from home 1 day a week
- Networks, benefits and development opportunities to help employees thrive
- Continued professional development with a career path within the Investment Accounting Group, or into other operating teams or client-facing business areas
- Opportunities for further personal learning in product types, accounting complexities, and ongoing development of technical strengths
Additional details
- The Investment Accounting Group (IAG) provides accounting and regulatory data services to over 25 insurance clients (AUM of $285bn) who have outsourced their accounting function to BlackRock
- Accounting Services include the preparation and oversight of monthly accounting packages and support schedules, including regulatory returns and statutory reporting
- As well as working with clients to deliver our services, the IAG team also supports client changes through corporate and other developments which impact on our services
- IAG is currently embarked on an exciting program of work to develop our accounting operating platform and to extend asset class coverage
- BlackRock is investing in new Aladdin technology and integrating this with PAM for Investments to develop an integrated accounting and risk platform and the industry-leading investment accounting provider
- Some business groups may require more time in the office due to their roles and responsibilities
- 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
- 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
- At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients
- Candidates are encouraged to use AI thoughtfully to learn, prepare, and work more effectively; but during the interview process, the focus is on getting to know candidates through their own experiences, thinking, and judgment
- BlackRock has provided guidance on when and how to use AI during the hiring process
- At BlackRock, the mission is to help more and more people experience financial well-being
- 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 the smartest investment – the one we make in our employees
- BlackRock is dedicated to creating an environment where colleagues feel welcomed, valued and supported
- To learn more about BlackRock, please visit Careers.BlackRock.com
- BlackRock encourages candidates to get to know them on LinkedIn, Instagram, YouTube, X, and TikTok
- BlackRock is proud to be an Equal Opportunity Employer
- BlackRock evaluates qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law