Finance Associate – Fund Board Reporting & Analytics at BlackRock

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Investment Management, Asset Management, FinanceIndustries

Requirements

Bachelor's degree in Finance, Economics, Mathematics or related field
3-6 years of experience in Financial Planning & Analysis and/or a related function such as Investor Relations -- preferably in the Financial Services industry. Investment management industry experience, as well as 1940-Act 15c experience, a big plus
Focused attention to detail and high standards for quality and accuracy in work product
Solid experience with modeling, financial analysis, and project management
Strong problem-solving, quantitative, process driven and analytical skills; strategic and creative thinking
Superb Excel skills - extensive use of complex Excel functions, including VBA, and building financial models and reports; experience with multi-dimensional models preferred, IBM TM1 / IBM Planning Analytics experience a plus
Strong PowerPoint skills (role will require putting together material for senior management/Board of Directors)
Experience working with large data and utilizing different tools and platforms for reporting
Strong relationship building skills, with ability to work across teams and management levels
Strong organizational, planning and project management skills
Strong verbal and written communication skills; ability to clearly articulate and present ideas, both in written and oral form, to colleagues and senior management
History of effective multi-tasking, expectation setting, cross-functional coordination, and proper issue escalation; ability to work in a fast-paced environment with time sensitive deliverables
Strong work ethic and accountability owner
Strategic, creative thinker; solutions and service oriented
Professional, positive attitude, strong analytical skills, attention to both detail and the big picture, ability to work in a fast-paced, team-oriented environment
Work experience in the investment management industry is preferable, and familiarity with 15c regulatory requirements a plus

Responsibilities

Be part of the cross-functional BlackRock team supporting fund boards in the US and UK, enhancing understanding of BlackRock’s mutual fund and ETF businesses, including profitability, economics of scale analytics and commercial analysis
Support the overall business cost allocation and reporting to various fund boards for BlackRock’s registered funds, in line with regulatory requirements in the US (1940-Act Rule “15c”) and the UK (“Assessment of Value”). The reporting includes fully-costed operating income estimates and economies of scale studies for approximately 1,000 funds for the annual assessment of the various fund boards
Act as a point person and coordinate with the business on certain fund board deliverables, and continue building relationships with various stakeholders across BlackRock
Create and maintain complex financial models for fund-board reporting and analysis in support of the 15c process
Collaborate with various teams to understand the nature of BlackRock functions and products, assist with the allocation model process in the IBM TM1 / IBM Planning Analytics finance system, and conduct validations and deep-dive analysis on results
Assist in creation of presentations and detailed financial analyses presented to senior management and Board of Directors; deliver well-structured analyses and clearly presented findings
Coordinate processes and explore opportunities to enhance data sourcing, model methodologies and advanced technologies to bring about increased automation, efficiency, and accuracy

Skills

Key technologies and capabilities for this role

Financial ModelingIBM TM1IBM Planning Analytics15c ReportingCost AllocationRegulatory ComplianceFinancial AnalyticsStakeholder ManagementProcess DesignPresentation Creation

Questions & Answers

Common questions about this position

What is the location for this Finance Associate role?

The position is based in New York.

What experience level is required for this position?

Candidates need 3-6 years of experience in Financial Planning & Analysis or a related function, preferably in Financial Services.

What key skills are needed for this role?

Required skills include strong analytical skills, superb Excel skills with complex functions, financial modeling, problem-solving, and project management.

What is the work environment like at BlackRock for this team?

The role involves working in a fast-paced, team-oriented environment as part of a cross-functional team.

What education and background make a strong candidate?

A Bachelor's degree in Finance, Economics, Mathematics or related field is required, with investment management experience and familiarity with 15c regulatory requirements being a big plus.

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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