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Analyst, Investment Accounting

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BlackRock

3d ago

  • Job
    Full-time
    Junior Level
  • Accounting & Tax
    Banking & Finance
  • Mumbai

AI generated summary

  • You need a finance or accounting degree, 1 year of investment accounting experience, knowledge of investment products, and understanding of GAAP/IFRS is a plus. Adaptability and time management are essential.
  • You will manage accounting and reporting, respond to client inquiries, ensure accurate investment reporting, conduct reconciliations, analyze data, and assist in process improvement initiatives.

Requirements

  • Understanding of investment accounting product mechanics including debt instruments, equities and derivatives
  • Minimum 1 year of confirmed experience in NAV accounting/fund accounting/investments/markets with degree in relevant field
  • Ability to prioritize multiple request and time management
  • Teachable to learn new processes and adapt to changing environment
  • Degree in Finance or Accounting or other related field
  • Understanding of GAAP /IFRS Accounting Standards will be a plus

Responsibilities

  • 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 the need arises. 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.
  • 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 deliver accurate investment reporting for clients through preparation, review and ensure distribution of various accounting packages 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

FAQs

What is the main responsibility of the Analyst in Investment Accounting?

The main responsibility is to handle all aspects of accounting and reporting services, support the monthly accounting close, and meet the needs of clients while improving processes and controls.

What qualifications are required for this position?

A minimum of 1 year of experience in NAV accounting, fund accounting, investments, or markets, along with a degree in Finance, Accounting, or a related field, is required.

Is experience with GAAP/IFRS standards necessary?

While not mandatory, an understanding of GAAP and IFRS accounting standards is considered a plus.

What type of clients will the Analyst be working with?

The Analyst will primarily provide accounting and regulatory data services to insurance clients.

What opportunities for professional development does the role offer?

The role offers continued professional development with a career path within the group or into other operating teams or client-facing business areas across BlackRock.

How often will the Analyst need to go into the office?

Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week.

What skills are emphasized in this role?

Key skills include the ability to prioritize requests, time management, adaptability to new processes, and strong analytical capabilities.

What kinds of accounting work will the Analyst be involved in?

The Analyst will be responsible for tasks such as preparing and reviewing accounting packages, completing reconciliations, and ensuring compliance with regulatory requirements.

What is BlackRock's mission?

BlackRock's mission is to help more people experience financial well-being, supporting clients as they save for retirement, education, home purchases, and more.

What benefits does BlackRock offer to employees?

BlackRock offers a wide range of benefits, including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents, and Flexible Time Off (FTO).

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BlackRock

Global investment manager. Technology provider. Helping more and more people experience financial well-being.

Finance
Industry
10,001+
Employees
1988
Founded Year

Mission & Purpose

BlackRock is a global asset manager and technology provider. Our purpose is to help more and more people experience financial well-being. We help millions of people invest to build savings that serve them throughout their lives. We make investing easier and more affordable. We advance sustainable investing because our conviction is it delivers better outcomes for investors. We contribute to a more resilient economy that benefits more people. Together with our clients, we’re contributing to a more equitable and resilient world – today and for generations to come. That’s why, we’re asking bigger questions – of ourselves, our industry, and the world at large. Questions that challenge convention and give rise to new thinking. Because the bigger questions we ask, the bigger actions we can take. Follow us for global insights shaping the economy, innovative thinking around the path to net zero and more information on culture and careers at BlackRock.

Benefits

  • Financial Well-being

    We help more and more people experience financial well-being – which applies as much to you as it does to our clients. At BlackRock, you’ll have access to our competitive retirement plan as well as financial coaching and educational resources to help you build a sound financial future.

  • Healthcare

    We provide a great selection of benefits and programs to help you manage health care costs, live a healthy lifestyle and find the right care, whenever you need it.

  • Physical well-being

    We know that physical well-being is an important component of maintaining your overall health – both now and in the future. Our comprehensive physical well-being benefits help you stay active, eat better and feel energized.

  • Life management

    We know managing life, work and everything in between can be difficult. So, whether you need a little R&R or time to tend to other matters, Flexible Time Off allows you to take time away from work, stress free, to focus on moments that are important to you.

  • Emotional well-being

    We understand emotional resilience is key to helping you thrive – in your life and at work. Whether you’re looking for ways to handle life’s many challenges, reduce your stress or boost your happiness by volunteering your time in service to others, our resources can help you navigate all kinds of situations.

  • Professional well-being

    Focus on your strengths and build the​ expertise you need to further your career. Our BlackRock Academies, structured training by​ program and employee networks, provide resources for​ meaningful networking, skill building and professional as​ well as personal growth.

  • Pay for Performance

    Our pay for performance approach means your total compensation reflects individual, business and company performance. For our full-time employees, total compensation includes a base salary plus an annual discretionary bonus.