Institutional Accounting

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About Our Team

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 accounting packages and regulatory schedules. Responsible for handling all aspects of accounting and reporting services and meeting the needs and evolving priorities of our clients. You will focus on delivering BlackRock to clients by supporting the monthly accounting close, leading client/department initiatives, improving the process and controls using capabilities of other parts of the BlackRock organization as required. You will have the opportunity 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:

• Developing a detailed knowledge of BlackRock’s capabilities, products and services for insurance companies
• Responding to daily inquiries from clients requesting of information
• Completing all daily reviews of exception management tool for accounting
• Responsible to improve investment reporting for clients through preparation, review and ensure distribution of various accounting reports and reporting schedules
• Completing all quarterly/annual reconciliations and reporting in compliance with the relevant regulatory requirements, such as NAIC US Statutory, Solvency II, IFRS, GAAP guidelines
• Providing complete and accurate review of data to clients’ book of business
• Analyzing accounting data and providing commentary regarding results, call out to senior team members when required
• Assist in client or department projects and initiatives to improve the service offering!
• Use learning tools and trainings to deepen understanding of accounting policy and pronouncements to ensure reporting follows the standards
• Learn and promote the use of technology to better serve our clients

Preferred Experience:

• Work experience in related field of investments/markets preferred but not required
• Pursuing a degree in Accounting, Finance or other related field preferred
• Understanding of investment accounting product mechanics including debt instruments, equities and derivatives
• Knowledge of insurance companies preferred, including the regulatory and accounting constraints and standards under which they operate
• Continuous operational improvement and control enhancement mindset
• Ability to prioritize multiple requests and time management
• Teachable to learn new processes and adapt to changing environment
• An understanding of SQL and working knowledge of databases is desirable
• Experience in transformation of manual processes using digital tools like Microsoft Power BI,  Alteryx, and RPA tools will be an added advantage