Vice President, Institutional Accounting - Delaware

About the 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.

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.

Responsibilities

• Handling all aspects of accounting and reporting services and meeting the needs and evolving priorities of our clients.
• Focusing on developing investment process solutions for Alternatives, improving the process and controls using capabilities of other parts of the BlackRock organization as required.
• 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.

Requirements

• 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.

Qualifications

• 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.

Skills

• 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.).
• 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.

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.

Pay

Details on pay are not specified in the job posting.

Schedule

Details on schedule are not specified in the job posting.

Additional Information

Our 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.