Investment Accounting Data Management (Associate) - MUM

About this role

Overview-

The Investment Accounting Group (IAG) provides accounting and regulatory data services to over 25 insurance clients (AUM over $310bn) who have outsourced their accounting function to BlackRock. Our 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. Also, IAG is currently embarked on an exciting program of work to develop our accounting operating environment and to extend asset class coverage. We are 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.

Job Purpose/Background-

The role reports to the Team lead of Data Management. The Data Management Group is responsible for the integrity of all asset data utilized by internal and external clients for both portfolio trading and accounting-based reporting. The group ensures complete accurate and timely processing of asset security data and transaction data for the clients of BlackRock Solutions ("BRS") as it pertains to the BRS Investment Accounting and other businesses requiring trade management of externally balanced assets. This includes, among other things, ensuring the completeness of all terms and conditions of asset data pertaining to all known asset types, ensuring accurate market data, capturing trade file information for processing while building a high level of straight through processing (STP) to our accounting system from Aladdin and external managers.

Role Responsibility-

• Timely review and setup of securities within the accounting system to facilitate the processing of investment transactions
• Processing daily investment transactions from external investment managers.
• Supervise all the automated jobs and resolve, if there is any exception or failure.
• Timely & accurate responses to daily data inquiries
• Ability to evaluate systems, procedures and make recommendations for improvement
• Participate in various efficiency and capacity-building initiatives, including automation/ standardization efforts
• Accurately record metrics related to responsibilities to enable management to have a good view of team productivity and efficiency.
• Demonstrating ability to self-improve and develop. Understand the impact of data on upstream and downstream, and to overall service.

Skills Required-

• Possess and demonstrate a working knowledge of various investment products and finance theory; a strong understanding of fixed income and derivative products preferred
• Excellent analytical, critical thinking, and problem-solving skills
• Solid understanding of technical tools such as Excel functions, SQL, Unix commands, etc. strongly preferred
• Exceptional decision-making skills.
• Champion team work and build strong relationships with colleagues and external contacts
• Work in a fast paced, rapid changing, deadline driven environment
• Multi-task and balance requests without losing sight of overall objectives and deadlines
• Strong attention to detail
• Excellent interpersonal skills
• Flexible and open to accepting new challenges; able to work effectively and efficiently on multiple projects at a time in a dynamic, demanding and constantly evolving environment while maintaining the highest standard and attention to detail.

Experience-

• BS degree in Finance, Accounting, Information Technology, or Economics
• 5+ years related work experience.

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.

About BlackRock

BlackRock's purpose is to help more and more people experience financial well-being.As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals.As of September 30, 2020, the firm managed approximately $7.81 trillion in assets on behalf of investors worldwide.

For additional information on BlackRock, please visit www.blackrock.com/corporate | 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.