BlackRock

Associate, Investment Accounting

Gurugram, Haryana, India

Not SpecifiedCompensation
Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Asset Management, Financial ServicesIndustries

Requirements

Candidates should possess a minimum of 7 years of confirmed experience in investments/markets with a degree in a relevant field, and a CA/CPA or similar qualification with a technical understanding of General Ledgers. An understanding of investment accounting product mechanics, including debt instruments, equities, and derivatives, is required, along with the ability to prioritize multiple requests and manage time effectively. Experience in analyzing upstream and downstream data for Investment Products is necessary, and a working knowledge of SQL and databases is desirable. Experience in transforming manual processes using digital tools like Microsoft Power BI, Alteryx, and RPA tools is an added advantage.

Responsibilities

The Associate, Investment Accounting will be responsible for handling all aspects of accounting and reporting services for insurance clients, focusing on supporting the monthly accounting close, leading client/department initiatives, and improving processes and controls. Key responsibilities include developing a detailed knowledge of BlackRock's capabilities, products, and services for insurance companies, responding to daily client inquiries, completing daily reviews of the exception management tool, and delivering accurate investment reporting through the preparation, review, and distribution of accounting packages and reporting schedules. The role also involves completing quarterly/annual NAIC reconciliations and reporting in compliance with US Statutory guidelines, providing complete and accurate review of data to clients' book of business, analyzing accounting data and providing commentary on results, and assisting in client or department projects and initiatives to improve the service offering. Employees are expected to use learning tools and trainings to deepen their understanding of accounting policy and pronouncements and to learn and promote the use of technology to better serve clients.

Skills

Investment Accounting
Accounting Services
Regulatory Data
Reconciliation
Reporting
Process Improvement
Client Relations

BlackRock

About BlackRock

New York City, New YorkHeadquarters
1988Year Founded
$78,647.7MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries

Benefits

Health Insurance
Unlimited Paid Time Off
Mental Health Support
Wellness Program
401(k) Retirement Plan

Risks

FDIC scrutiny could lead to regulatory challenges for BlackRock.
Workforce reduction may indicate internal financial pressures or strategic shifts.
Involvement in Yangzijiang Shipbuilding exposes BlackRock to geopolitical risks.

Differentiation

BlackRock's Bitcoin ETF, IBIT, reached over $50 billion in assets quickly.
The firm is developing a layer-2 tokenized real-world asset platform on Ethereum.
BlackRock's partnership with Frax Finance enhances its stablecoin market presence.

Upsides

IBIT's success attracts a broader range of cryptocurrency investors.
The Ethereum platform positions BlackRock as a leader in blockchain financial services.
Partnership with Frax Finance enhances digital finance offerings and compliance.

Land your dream remote job 3x faster with AI