BlackRock

Investment Accounting, Tech & Ops, Associate

Mumbai, Maharashtra, 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, demonstrating an understanding of investment accounting product mechanics including debt instruments, equities, and derivatives. A CA/CPA or similar qualification with a technical understanding of General Ledgers 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 desirable skill is an understanding of SQL and working knowledge of databases. Experience in transforming manual processes using digital tools like Microsoft Power BI, Alteryx, and RPA tools will be an added advantage.

Responsibilities

The Associate 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 duties include developing 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 ensuring 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 data reviews to clients, analyzing accounting data with commentary on results, and assisting in client or department projects to improve service offerings. Additionally, the Associate will use learning tools and trainings to deepen understanding of accounting policy and pronouncements and promote the use of technology to better serve clients.

Skills

Investment Accounting
Accounting
Regulatory Reporting
Reconciliation
Process Improvement
Client Services
Financial Reporting

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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