What are the responsibilities and job description for the Associate, Investment Accounting and Performance position at blackrock?
About this role
Company: BlackRock Financial Management, Inc.
Job Title: Associate, Investment Accounting and Performance
Location: 400 Bellevue Parkway, Wilmington, DE 19809
Job Duties: Conduct portfolio valuations, performance calculation and analysis; calculation of Net Asset Value (NAV) using appropriate accounting systems for institutional separate accounts. Write SQL queries for maintaining and analyzing data within the accounting system and related tables. Work closely with all departments of BlackRock to ensure accuracy of the Net Asset Value (NAV) calculation and performance. Maintain client relationships effectively by supporting sales team in servicing clients. Prepare and provide extensive reconciliation with custodian banks and accounting agents to prevent/resolve Net Asset Value (NAV) and performance discrepancies. Maintain BlackRock’s relationship with third parties such as custodian banks, accounting agents, consultants, and auditors. Assist in re-engineering BlackRock’s operating environment that includes developing specifications for transaction processing, streamlining existing processes, and participating in various automation projects to enhance productivity and controls. Participate in the training process of newly hired professionals and interns. Prepare, review, and provide ad-hoc reports to clients or custodian/accounting agents as necessary. Participate in testing and implementation of accounting software updates straight-thru-processing and research and reconciliation tools. Work as active lead member on the project Outsourcing Chief Investment Officer project. Work actively to enhance tools such as Accounting and Performance (APM).
Qualifications: Bachelor’s degree in Engineering (any field), Information Systems Technologies, or a related field and three (3) years of experience in the job offered or as Analyst, Investment Performance; Business Analyst, or related. Must have three (3) years of experience with: Writing simple and complex SQL queries to support valuation processes to enhance client experience; Investment accounting principles to complete Net Asset Value (NAV) and performance calculations supporting portfolios monthly for complex outsourcing Chief Investment Officer (OCIO) funds; Validating portfolio performance calculations and ensuring compliance with GIPS standards; Analyzing and interpreting large data sets to research and resolve issues or client inquiries; Reconciling data between internal systems and client service providers and researching and resolving complex exceptions or accounting issues; Utilizing software applications, including Microsoft suite of products (Power BI, Excel, Visio and others) and Aqua Data Studios; and Working on re-engineering operating environments including developing specifications for transaction processing, streamlining existing processes, and participating in various automation projects to enhance productivity and controls. Must have two (2) years of experience with: Investment management products and asset types, including but not limited to ETFs, mutual funds, fixed income, equities, derivatives, and alternatives; Experience in creating monthly/quarterly management metrics for senior management to help drive business decisions.
To apply, please click “Apply” on this webpage.
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.
