Description
About this role
BlackRock is one of the world’s pre-eminent asset management firms with over $10 trillion in assets under management. We are a premier provider of global investment management, risk management and advisory services to institutional, intermediary, and individual investors around the world. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets.
Team Overview
Global Accounting & Product Services (GAAPS)
Responsibilities
GAAPS is a global servicing department within Technology and Operations that manages the accounting and operating control environment for BlackRock’s global commingled vehicles and separately managed accounts and provides various other administrative and oversight services to BlackRock’s various product ranges including the BlackRock mutual funds and iShares ETFs. Responsibilities include:
- Oversight of internal and outsourced accounting, administration, custody, financial reporting, and transfer agency functions.
- Board governance and reporting.
- Product lifecycle management and business strategy enablement.
- Technical accounting and regulatory reporting guidance.
- Portfolio trade compliance monitoring and adherence to product and regulatory guidelines and policies.
Americas (AMRS) Product Oversight and Governance (POG)
AMRS POG is a unit within GAAPS. AMRS POG teams are organized regionally to support the unique jurisdictional requirements and stakeholders for our various fund ranges. AMRS POG manages the fund level “structural” needs of the various fund ranges, including support to BlackRock business groups and the Board of Directors/Trustees that oversee them.
Members of the AMRS POG team are responsible for overseeing the funds’ overall control environment and manage numerous business affairs in support of our funds. These individuals will connect across GAAPS and Business Operations to manage product and regulatory changes within our fund ranges. AMRS POG works closely with several other internal teams to deliver quality and value to our shareholders including but not limited to teams responsible for accounting oversight, financial reporting, product development, pricing, tax, legal and compliance.
Role Responsibility
- Oversight of outsourced functions including fund auditors, review performance of the service providers, and evaluate control environments.
- Oversight of the financial reporting process, including SEC filings and related disclosures, as well as management reporting.
- Expense oversight including management and incentive fee calculations, tracking and projection.
- Review and challenge policies and procedures to help evolve the operating model to best practice.
- Assess the operating model for risk and efficiency, with a focus on automation and technology.
- Manage periodic fund distributions process, working closely with product development and tax teams.
- Participate in negotiation and administration of credit facilities and other leverage instruments.
- Contribute towards and prepare presentations to BlackRock governance bodies (e.g. fund boards) and committees.
- Provide fund accounting technical input across all operational aspects.
- Build good relationships with business areas within BlackRock to support effective cross-functional engagement.
- Contribute to ensuring compliance with all relevant BlackRock policies and with regulatory requirements impacting the funds.
Experience
- 5-10 years 1940 Act investment management industry experience with fund structures including both private and public entities.
- Strong understanding of US GAAP and SEC regulatory reporting requirements.
- Thorough knowledge of internal controls as they relate to the accounting operations of a publicly traded entity. Knowledge of SOX process a must.
- Ability to assist in facilitating process integration and improvements.
- Fair valuation guidance, practices, and committee participation.
- Diverse range of fund expense structures and methods for waivers, caps, allocation, and application of break points.
- External service provider oversight and control environment assessment.
- Big Four audit experience preferred.
Project Management for regulatory and business change
- Accountability and ownership of key functions and special projects.
- Vendor management experience.
- Good understanding of the fund valuation and associated transaction lifecycle and key control frameworks.
- Solid prioritization skills and ability to handle competing priorities.
- Proven track record in implementing change management.
- Develop practical and pragmatic solutions through a ‘hands on’ approach.
- Strong verbal and written communication capabilities with all levels, including portfolio managers, fund directors, external auditors, senior management, and vendors.
- Initiative, drive, and enthusiasm.
- Excellent attention to detail and passion for 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 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.
#J-18808-Ljbffr
