Associate, Investment Accounting Migrations Specialist (Princeton)

About this role

Are you an Investment Accounting professional searching for an exciting, significant, multi-faceted opportunity with the world's largest asset manager? If you pride yourself on building positive relationships, developing process solutions and bringing strategic visions to fruition, then look no further! BlackRock is pursuing an Associate to become a part of the team. We recognize that strength comes from diversity, and will accept rare skills, eagerness, and passion. All the while supporting the freedom to grow authoritatively and as an individual.

We know you want to feel valued every single day and be recognized for contributions! At BlackRock, we strive to equip our employees and actively engage their involvement in our success. Our technology and services empower millions of investors to save for retirement, pay for college, buy a home and improve their financial well-being. Join the team and experience what it feels like to be part of an organization that makes a difference.

The Team:

Our Investment Accounting Group provides accounting and regulatory data services to insurance clients. Our accounting services include the reconciliation, accounting for assets, along with preparation and oversight of monthly reporting packages and regulatory schedules.

What sets this opportunity apart is the chance to work with a world-class organization like BlackRock. Our commitment to excellence and innovation in the finance and insurance industry is unmatched. As an Associate, Investment Accounting Migrations Specialist, you will have the opportunity to collaborate with cross-functional teams, work alongside highly skilled professionals, and contribute to the successful implementation of advanced technology solutions.

The Role:

Responsible for supporting our investment accounting platform migrations team, meeting the needs and evolving priorities of our clients. Focus on supporting our strategic initiative to deliver our new and proprietary accounting software to existing BlackRock clients. Specifically, the Associate will support asset onboarding, variance analysis, stabilization of the monthly close process, and the transition to the client’s production support team. A key function will be improving processes controls, and user experience, often while collaborating with other areas of the BlackRock organization. This role supports many opportunities for continued professional development with a career path within the group, or into other operating teams or client-facing business areas across BlackRock. Our suite of services provided to our clients offers opportunities for further personal learning, both in terms of the product types and accounting complexities, as well as the ongoing development of technical strengths.

Key responsibilities include:

• Develop a detailed knowledge of BlackRock’s capabilities, products and services supporting our clients.

• Keep abreast of and optimally communicate the implications of the evolving regulatory landscape and new accounting pronouncements to ensure compliance by our insurance company, across multiple bases of accounting i.e. IFRS, US Statutory, US GAAP, etc.

• Implement and operate on newly developed BlackRock proprietary accounting software.

• Provide feedback and improvement ideas to enhance system functionality.

• Leverage your analytical abilities to identify and assess system challenges and inefficiencies utilizing a strong aptitude for the understanding of how accounting data is supported through the new platform. This includes an understanding of data flow from the underlying transaction through the journal entries/trial balance and ultimately, financial reporting.

• Partner with other BlackRock teams, including product and engineering.

• Provide client-transition updates to internal groups highlighting any migration challenges.

• Support accounting on cross-functional projects and working groups in support of delivering key business and client objectives.

• Contribute to the continual development of the investment reporting production and control processes to optimize efficiency, mitigate risk and incorporate business and product changes, ensuring procedures are maintained in line with all current practices.

Experience Required:

• Minimum 3 years of proven experience in investments/markets with a focus on investment accounting

• Comprehensive understanding of key accounting reports (Balance Sheet, Income Statement, and Trial Balance)

• Proven track record of demonstrating analytical and problem-solving skills

• Experience implementing accounting systems preferred

• Knowledgeable in regulatory and accounting standards

• Experience with the following financial instruments; securities, loans, derivatives, alternatives, and mortgages

• Familiarity with product-specific financial reporting and disclosures

• Continuous operational improvement and control enhancement mentality

• Fluency (written and oral) in English required

For Princeton, NJ Only the salary range for this position is USD$105,000.00 - USD$132,000.00 . 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 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 [email protected]. 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.