Derivatives Accounting, Analyst
Derivatives Accounting, Analyst
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Job Description
About this role
Are you an Investment Accounting professional searching for an exciting significant multi-faceted opportunity with the worlds largest asset manager If you pride yourself on building positive relationships developing process solutions and bringing strategic visions to fruition then look no further! BlackRock is pursuing an Associate to become a part of the team. We recognize that strength comes from diversity and will accept rare skills eagerness and passion while supporting the freedom to grow authoritatively and as an individual.
We know you want to feel valued every single day and be recognized for your contribution. At BlackRock we strive to equip our employees and actively engage your involvement in our success. Our technology and services empower millions of investors to save for retirement pay for college buy a home and improve their financial well-being. Join the team and experience what it feels like to be part of an organization that makes a difference.
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 packages and regulatory schedules.
The Role:
The Derivatives Accounting Analyst is responsible for overseeing and executing accounting processes related to derivative instruments. You will focus on delivering BlackRock to clients by supporting the monthly accounting close involving yourself in 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.
Key responsibilities include:
Developing a detailed knowledge of BlackRocks capabilities products and services for insurance companies specifically as it relates to Derivative instruments like Swaps Forwards Futures and Option across asset classes
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 NAIC Schedule DB reconciliations and reporting in compliance with US Statutory guidelines
Providing complete and accurate review of data to clients derivative 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
Experience Required:
Understanding of investment accounting product mechanics across Equity Fixed Income and Derivative instruments
Working knowledge of the Derivative products life cycle - both Cleared and Bilateral Derivatives
1-4 years of confirmed experience in investments/markets with degree in relevant field
Ability to prioritize multiple request and time management
MBA /Accounting or similar qualification with a technical understanding of General Ledgers
Our benefits
To help you stay energized engaged and inspired we offer a wide range of benefits including a strong retirement plan tuition reimbursement comprehensive healthcare support for working parents and Flexible Time Off (FTO) so you can relax recharge and be there for the people you care about.
Our hybrid work model
BlackRocks hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees while supporting flexibility for all. 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. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person aligned with our commitment to performance and innovation. As a new joiner you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.
About BlackRock
At BlackRock we are all connected by one mission: to help more and more people experience financial well-being. Our clients and the people they serve are saving for retirement paying for their childrens educations buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.
This mission would not be possible without our smartest investment the one we make in our employees. Its why were dedicated to creating an environment where our colleagues feel welcomed valued and supported with networks benefits and development opportunities to help them thrive.
For additional information on BlackRock please visit @blackrock Twitter: @blackrock LinkedIn: is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age disability family status gender identity race religion sex sexual orientation and other protected attributes at law.
Required Experience:
IC
Employment Type
Full-Time
