Associate - Institutional Accounting

Associate, Institutional Accounting (NE) About this role Business Unit Overview: The Investment Accounting Group (IAG) provides accounting and regulatory data services to over 25 insurance clients (AUM of $285bn) who have outsourced their accounting function to BlackRock. Our Accounting Services include the preparation and oversight of monthly accounting packages and support schedules, including regulatory returns and statutory reporting. As well as working with clients to deliver our services, the IAG team also supports client changes through corporate and other developments which impact on our services. Also, IAG is currently embarked on an exciting program of work to develop our accounting operating platform and to extend asset class coverage. We are investing in new Aladdin technology and integrating this with PAM for Investments to develop an integrated accounting and risk platform and the industry-leading investment accounting provider. Key Accounting Responsibilities: Analyze accounting data and provide commentary regarding accounting results Prepare, review, and/or ensure distribution of various accounting packages and reporting schedules to clients according to specified timeframes Assist in special projects and initiatives to enhance the service offering Develop understanding of accounting policy and pronouncements to ensure reporting follows the standards Leverage technology to provide improved service to clients Other Responsibilities: Ensure data reviews and checks are performed to validate accuracy and completeness of data used in reporting Complete all quarterly NAIC reconciliations with appropriate follow-up and resolution Assist in gathering all necessary information related audit requests Respond to daily requests for information from assigned clients Complete daily exception review with follow up and resolution Qualifications: The role holder is a professional with strong knowledge of accounting concepts and controls and various investment types. Understanding of the requirements for various accounting basis (GAAP, US Statutory, IFRS, UK GAAP, CAD GAAP, etc) is essential to this role. 4-8 years related work experience preferred Strong and effective communication skills to deal directly with clients and across all levels of staff and management Ability to prioritize and balance multiple requests without losing sight of overall objectives and deadlines Strong decision-making skills to make well thought out decisions based on the information provided and to obtain further assistance/clarification when necessary Strong attention to detail to ensure a high degree of accuracy Strong initiative to follow up on outstanding issues – identify what needs to be done and act Strong organizational skills Ability to work in a fast paced, deadline driven environment Strong working knowledge of Microsoft office products Ability to identify and implement business process improvement discipline Technical and process improvement mindset to identify and drive improvements Preferred: BS degree in Finance or Accounting or other related degree Knowledge of Insurance related reporting – US Statutory, Solvency II or IFRS also preferred 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 BlackRock’s 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. Guidance on AI use for candidates At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self. 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 children’s 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. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive. To learn more about BlackRock, please visit Careers.BlackRock.com . We also encourage you to get to know us on LinkedIn , Instagram , YouTube , X , and TikTok . BlackRock 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. Experience Level Mid Level