Associate, Investment Accounting

7 months ago

Mumbai Maharashtra, India BlackRock Full time

Description

About this role

Are you a fund accounting professional searching for an enriching, multifaceted opportunity with the world's largest asset manager? Do you pride yourself on building positive relationships and bringing strategic visions to fruition? Then look no further BlackRock is pursuing Analysts and Associates to join our group

We are seeking pro-active individuals who can demonstrate initiative with a strive to succeed both as an individual and as a strong teammate The successful individual should demonstrate a dedication to technical precision, flexibility and the ability to balance multiple activities. As a good communicator they will use their influencing skills to develop positive relationships with key internal and external partners.

As part of the function Global Accounting and Product Services ("GAAPS"), the Accounting Services & Oversight team (‘’ASO’’) is an established operational group in Mumbai with ~50 team members supporting various aspects of the accounting process including but not limited to; the accuracy and timeliness of Net Asset Value (NAV) publication; fund expense management; onboarding of new funds as well as numerous reconciliations between BlackRock books and records versus the external books and records. The controls and oversight the team provide to our Institutional & retail funds helps strengthen the fiduciary responsibilities BlackRock prides itself on in support of its clients.

We also handle all Fund Accounting data interfacing into EMEA Regulatory reports, including MIFID, PRIIPS, etc. responsible for strategic projects ranging from technical products or instruments, migrations, and technology architecture. We are looking to improve scope of the team with a focus on technology files being received from the outsourced 3rd party providers. There is a requirement to detail these from a global perspective.

Primary Job Responsibilities:
Regulatory
- Work on Regulatory change impacting the EMEA Funds, ensuring appropriate compliance to set guidelines - engaging with Legal and Compliance where appropriate
- Regulatory change includes, but not limited to, MIFID, PRIIPS, BWP, LGPS, UCITS KIID, and AIFMD

Platform and Architecture
- Engage Accountants on all technology change in relation to Production Platforms/Systems and the appropriate testing process
- Understand and detail the global technology infrastructure with service providers - from NAV price dissemination through to static data enriching data within BlackRock
- Responsibility for rationalising data feeds and pushing standardisation from external providers into BlackRock
- Engage on technology failures with the outsourced providers and via the vendor forum to ensure that immediate issues are addressed, and post resolution a full analysis is performed
- Engage in technology change within the EMEA team
- Be aware of product and business changes and actively seek involvement in the resultant initiatives and projects as pertains to technological improvements

NAV Reconciling, Benchmark controls & Expense Management
- Perform Benchmark controls comparing external Fund Accounting/PB/Custodian fund data to our own, identifying tolerance breaches, understanding the implications, and advancing internally and externally until resolved
- The reconciliation of data between BlackRock and the external parties is critical to successfully publishing timely and accurate NAVs and the role is responsible for a number of key end-to-end reconciliation processes including:

- Fund Accountant to Custodian positions
- Fund Accountant to Aladdin position/Market Value
- Fund Accountant to Custody cash/income
- Transfer Agency/Accounting
- Contract for Difference (CFD) reconciliation
- Fund expense management activities including:

- Leading all aspects of end-to-end processing of expense requests from submission thru to payment
- More generally, you will participate individually/as part of wider-team, not only supporting existing business but also looking for ways in which to increase the scalability of what we do thru automation initiatives

Skills and Qualifications:

- You will have 2-8 years’ experience working in Fund Accountancy with related experience in the regulatory and/or operations area
- Good knowledge of Excel. SQL and VBA experience desirable but not vital
- Enjoys working in a fast-paced, high-intensity environment, with excellent analytical, written, and oral communications skills
- Strong client service skills and an enthusiasm for delivering service excellence
- Highly proactive, willing to lead issues and follow through to resolution
- Able to demonstrate a level of technical understanding of a range of investment instruments, fund types and products
- Prepared to take initiative, work flexibly to help the team achieve its goals, and respond positively to change
- Ability to identify problems and issues, work proactively to resolve them and call out issues appropriately
- Completion of own wor

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