Vice President, Investment Accounting - Princeton

BlackRock - Princeton, NJ

Full-time - Senior

Remote - Princeton, NJ

Funds, Trusts, and Other Financial Vehicles

About the position

Are you an Investment Accounting professional searching for an exciting, significant, multi-faceted opportunity with the world's 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 a Vice President to become a part of the team. We recognize that strength comes from diversity, and will accept rare skills, eagerness, and passion. All the 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 contributions! At BlackRock, we strive to equip our employees and actively engage their 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: Responsible for handling all aspects of Derivative accounting and reporting services and meeting the needs and evolving priorities of our clients. 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. There is an 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.

Responsibilities

• Develop a detailed knowledge of BlackRock's capabilities, products and services for insurance companies.
• Keep abreast of and optimally communicate the implications of the evolving regulatory landscape and new accounting pronouncements to ensure compliance by our insurance company, across multiple bases of accounting i.e. IFRS, US Statutory, US GAAP, etc.
• Support business growth, implementation of new clients, and client retention within the insurance sector working in partnership with other BlackRock teams.
• Represent accounting on cross-functional projects and working groups in support of delivering key business and client objectives.
• Contribute to the continual development of the investment reporting production and control processes to optimize efficiency, mitigate risk and incorporate business and product changes, ensuring procedures are maintained in line with all current practices.
• Work with vendor partners to ensure that our development priorities are clearly stated and champion the completion of each.
• Provide expert-level support on in person and phone conversations with clients on accounting-related matters.
• Conduct periodic training with the Investment Accounting Team.
• Review all quarterly NAIC or other regulatory reconciliations with appropriate follow-up and resolution.
• Assist with audits in reviewing results and recommend changes in control and in answering any follow-up questions.

Requirements

• Minimum 6 years of proven experience in investments/markets and understanding of Derivative products and investment accounting.
• Knowledge of insurance companies, including the regulatory and accounting constraints and standards under which they operate.
• Continuous operational improvement and control enhancement mentality.
• Familiarity with Derivative specific financial reporting and disclosures.
• Excellent communication skills (written and verbal).
• Proficient in Microsoft office (Word, Excel, Outlook and Power Point).

Benefits

• Tuition reimbursement
• Work from home
• Retirement plan
• Comprehensive healthcare
• Support for working parents
• Flexible Time Off (FTO)