Associate, Treasury Accounting at BlackRock

Atlanta, Georgia, United States

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Asset Management, Financial Services, AlternativesIndustries

Requirements

Detail oriented and highly analytical
Proactive in motivating change to increase efficiency while maintaining effective controls
Attention to detail, controls focus, and excellent communication skills
Upbeat and proactive individual

Responsibilities

Partner directly with global, multi-functional teams to administer the Company’s carried interest plans
Connect with management of various levels throughout the organization to acquire a complete understanding of carry plans from inception through dissolution and document details of such plans
Maintain accurate and timely plan data by General Partner entity, plan and participant using the eFront G/L system
Establish open communication lines with appropriate partners, especially in Human Resources, Tax, Fund Accounting and Legal
Maintain GAAP and tax balances for reporting in the Oracle General Ledger and for reporting to participants
Produce periodic (quarterly/annual) management reports on the firm's General Partner entities and related carried interest allocations to participants
Produce and distribute periodic participant capital statements and payments to plan participants
Assist with ad hoc projects and reporting requests including updates of operational policies and procedures
Ensure strong controls and procedures are in place in relation to the general ledger
Provide timely responses to inquiries and special requests
Perform balance sheet account reconciliations at month end
Provide commentary around balance sheet account movements (analyzing Investment values, payments etc.)

Skills

Key technologies and capabilities for this role

Treasury AccountingGP AccountingCarried InterestFinancial ReportingFinancial ControlsMonth-End PostingsCapital DistributionsFinancial AnalysisRegulatory ReportingStakeholder Communication

Questions & Answers

Common questions about this position

Is this a remote position or does it require office work?

The role is based in Atlanta and reports to a Director also based in Atlanta, indicating an office-based position.

What skills are required for the Associate, Treasury Accounting role?

Key skills include attention to detail, controls focus, excellent communication skills, being highly analytical, and proactive in motivating change to increase efficiency while maintaining effective controls.

What does the team structure look like for this position?

The role supports the Global GP Accounting team based in New York, Edinburgh, Atlanta, and Mumbai, and reports to a Director in Atlanta.

What is the salary or compensation for this role?

This information is not specified in the job description.

What makes a strong candidate for this GP Accounting Associate position?

An upbeat and proactive individual who is detail-oriented, highly analytical, and proactive in motivating change to increase efficiency while maintaining effective controls would be ideal.

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.

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