Description
About this role
Analyst, Investment Accounting Migrations Specialist:
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 Analyst 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 empowers 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.
Our Investment Accounting Group provides accounting and regulatory data services to insurance clients. Our accounting services include the reconciliation, tracking, accounting for assets, along with preparation and oversight of monthly packages and regulatory schedules.
The Role:
Responsible for supporting our investment accounting platform migrations team, meeting the needs and evolving priorities of our clients. Focus on delivering BlackRock to our clients by supporting our key strategic project to deliver our new, in-house developed accounting software. Specifically supporting client onboarding, monthly accounting close processes, as well as improving this new process and controls using capabilities of other parts of the BlackRock organization as the need arises.
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.
• Operate on new, BlackRock-developed accounting software. Provide feedback and improvement ideas to enhance the functionality of new accounting software. Leveraging technology to assess system challenges and inefficiencies utilizing a strong aptitude for the understanding of how accounting data is supported through this new technology.
• Support the migration of clients to our new software working in partnership with other BlackRock teams. 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 1 – 3 years of proven experience in investments/markets and understanding of investment accounting
• Knowledgeable in regulatory and accounting standards
• Knowledgeable in financial instruments including securities and 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

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 Analyst, 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.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

EarlyCareers

Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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.

• 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.
• Operate on new, BlackRock-developed accounting software. Provide feedback and improvement ideas to enhance the functionality of new accounting software. Leveraging technology to assess system challenges and inefficiencies utilizing a strong aptitude for the understanding of how accounting data is supported through this new technology.
• Support the migration of clients to our new software working in partnership with other BlackRock teams. 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