Description

About this role

About BlackRock

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of June 30, 2023, the firm managed approximately $9.4 trillion in assets on behalf of investors worldwide!

Purpose of Position:

The Insurance Accounting Group provides accounting & reporting services to over 30 accounting clients. We provide services including the preparation of monthly accounting packages and quarterly footnote schedules, reconciliation of cash and positions, and calculation of portfolio performance. The Reconciliation Analyst will be responsible for reconciling cash balances, transactions and positions, researching and timely resolving differences, preparing reconciliations, and recommending and implementing operational improvements to ensure efficient and accurate processes on behalf of the Insurance Accounting clients.

Primary Responsibilities Include:

• Completing day to day assigned tasks; including, control reports, cash and position break resolution, inbox and dashboard monitoring, client and portfolio data maintenance, and daily subscription/redemption activity.

• Providing high quality client service externally and internally. Address inquiries, perform controls, resolve problems, and mitigate risks for clients and internal BlackRock partners.

• Preparing, and/or reviewing reconciliations between BlackRock, Asset Manager, and Custodian Bank. Includes researching differences and resolving them in a timely and accurate manner

• Performing ongoing maintenance of the existing accounts to reflect client or account level changes.

• Working with external service providers, internal team members and other BlackRock groups to resolve issues, as identified. Your role is to assist in special projects and initiatives to improve the service offering

Skills Required:

• Ability to prioritize and balance multiple requests without losing sight of our overall objectives and deadlines

• Possess strong decision-making skills to make well-thought-out decisions based on the information provided and to obtain further assistance/clarification when necessary

• Take the initiative to follow up on issues – identify what needs to be done and take action

• Ability to multi-task, balance multiple priorities and meet deadlines in a fast-paced and evolving team

• You are organized and detail oriented with strong time management skills!

• You can work in an ambitious, team oriented environment and quickly adapt to an ever-changing business

• Have strong knowledge of equity and fixed income securities and derivative products Proficient in Microsoft Office and have an aptitude for learning new applications

Preferred:

• Bachelor's degree is required in Finance, Accounting, Information Technology, or Economics

• Understand upstream processes impactful to the reconciliation and develop ability to correlate the effect of change

• Flexible and open to accepting new challenges; able to work effectively and efficiently on multiple projects at a time in a dynamic, demanding and ever-changing environment

• Maintain the highest standard and attention to detail

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

#EarlyCareers

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 and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

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.