Associate, Investment Accounting

Description

About this role

Team Overview

BlackRock Data Services (BDS) is entrusted with maintaining all data integral to the investment decision process, for BlackRock the Investment Manager and its BlackRock Solutions (BRS) business, in our proprietary Aladdin® end-to-end investment platform. BDS closely partners with teams, such as Portfolio Management, Global Capital Markets, Relationship Management, Portfolio Compliance, Risk Analytics, Regulatory Reporting, and others, to ensure their business data needs are met accurately, timely, and efficiently.

The BDS philosophy is anchored on BlackRock’s cornerstone principles: Innovation, Fiduciary focus, Passion for Performance, and the unified purpose of One BlackRock. Through that lens, we seek to build value for our clients by understanding their needs, the markets, and using technology to build best in class solutions. BDS has presence across 12 offices in 8 countries, servicing more than $17 trillion in AUM on Aladdin for BlackRock and BRS clients spanning 6 continents and all spectrums of the financial markets.

The Private Valuation Team within BDS supports the investment valuation function for private, illiquid investments acting as the interface between the investment professionals, external valuation providers, accounting outsource providers, auditors, and Global Fund Services. The team focuses on adding value by providing valuation oversight and coordination of valuations and supporting documentation.

Role Responsibility
- Prepare valuation documentation for private equity, private debt and other alternative investments.
- Support monthly and quarterly valuation cycles.
- Manage workflow of data to 3rd party valuation firms; working with investment teams to ensure all relevant information is incorporated into valuations.
- Provide high quality client service externally and internally. Address inquiries, perform controls, problem solve, and mitigate risks for clients and internal BlackRock partners.
- Initiate and help drive platform and process innovations to support fast-growing business needs, minimize risk, improve quality, and navigate the changing markets.
- Review and tie out of valuation templates received from third party service providers. Communicate any comments and coordinate sign off in coordination with Investment, Pricing and Fund Administration teams.
- Review legal documents to establish rights associated with new securities purchased.
- Prepare materials to be provided to the Valuation Committee and presenting findings to Pricing Committees and other management as necessary.
- Liaison with independent auditors and valuation firms. Provide support for valuations and answer questions as necessary in a controlled and efficient manner.
- Perform a review of fair value reporting provided by underlying managers and Co-Investment sponsors.
- Operate as part of a global team.

Experience
- Bachelor's degree is required, with preference to Accounting or Finance.
- 5-10 years meaningful experience, private investment valuation experience preferred.
- Solid understanding of ASC 820 and IFRS 13, familiarity with PWERM, OPM, and Current Value valuation techniques
- Ability to work with and manage financial data and build summarized reports.
- Experience building, testing and implementing valuation models.
- Natural standout colleague able to work in an innovative, ambitious, and fast paced environment while maintaining attention to detail.
- Excellent verbal and written communication skills combined with agile critical thinking and a problem-solving attitude.
- Ability to quickly learn the intricacies of complex financial instruments.
- Working knowledge of Bloomberg, Reuters, Interactive Data and MS Office Suite as well as SQL, Unix commands, PERL, etc. is an advantage.

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