Vice President, Institutional Accounting - Delaware

About this role

The Team:

Are you an Alternatives Investment Accounting professional searching for an exciting, significant, multifaceted opportunity with the world's largest asset manager? Do you pride yourself on building positive relationships, developing process solutions and bringing strategic visions to fruition? Look no further. BlackRock is pursuing a Vice President of Alternatives Accounting to become a part of the team. We recognize that strength comes from diversity, and will accept your rare skills, eagerness, and passion while giving you freedom to grow authoritatively and as an individual.

At BlackRock, we strive to empower our employees and optimally 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.

The 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.

The Role:

Responsibilities include the following activities:

Handling all aspects of accounting and reporting services and meeting the needs and evolving priorities of our clients. You will focus on developing investment process solutions for Alternatives, improving the process and controls using capabilities of other parts of the BlackRock organization as required. This role is on the forefront of accounting policy changes relating to alternative assets and ensuring accurate implementation across all clients. Team members 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 personal learning, in terms of the product types and accounting complexities, as well as an ongoing development of technical strengths. Key responsibilities include:

• Developing a detailed knowledge of BlackRock’s capabilities, products and services for insurance companies

• Staying ahead of and successfully communicating the implications of an evolving regulatory landscape, including new accounting pronouncements, across multiple bases of accounting (i.e., IFRS, US Statutory, US GAAP, etc.)

• Responsible for improving and leading Alternatives investment reporting for clients and prospects, informing and handling the implementation of client mandates with effective planning and use of resources

• Supporting business growth within the insurance sector by working in partnership with other BlackRock teams

• Acting as a subject matter specialist for all Alternative investment types as it relates to setup and processing in compliance with accounting guidelines.

• Ensuring consistent process and control across client base

• Representing Alternatives accounting on cross-functional projects and working groups in support of key business and client objectives

• Assisting in the continual improvement of the investment reporting and control processes to improve efficiency, mitigate risk and incorporate business and product changes, ensuring procedures are in line with all current practices

• Providing expert-level support for clients on alternatives-related matters and suggest potential improvements

• Conducting periodic training with the Investment Accounting Team on new Alternative investment strategies, product types, and accounting changes

Experience Required:

• Minimum 6 years of proven experience in investments/markets and understanding of Alternative Investment accounting

• Understanding of Alts product mechanics, requirements, including Equity Method of Accounting for Partnerships/Joint Ventures held as investments

• Knowledge of insurance companies, including the regulatory and accounting constraints and standards under which they operate

• Continuous operational improvement and control enhancement demeanor

• Familiarity with product-specific financial reporting and disclosures

For Wilmington, DE Only the salary range for this position is USD$117,500.00 - USD$173,500.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

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.

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.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

 

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.