About this role
BlackRock's Investment Accounting Group (IAG) is hiring an Investment Accounting Associate in Mumbai, India. IAG provides accounting and regulatory data services to over 25 insurance clients (AUM of $285bn) who have outsourced their accounting function to BlackRock, including preparation and oversight of monthly accounting packages and support schedules, regulatory returns, and statutory reporting. IAG also supports client changes through corporate and other developments, and is currently investing in new Aladdin technology integrated with PAM for Investments to build an integrated accounting and risk platform.
Key Accounting Responsibilities:
- Analyze accounting data and provide commentary regarding accounting results
- Prepare, review, and/or ensure distribution of accounting packages and reporting schedules to clients on schedule
- Assist in special projects and initiatives to enhance the service offering
- Develop understanding of accounting policy and pronouncements to ensure reporting follows applicable standards
- Leverage technology to provide improved service to clients
Other Responsibilities:
- Ensure data reviews and checks validate accuracy and completeness of reporting data
- Complete quarterly NAIC reconciliations with appropriate follow-up and resolution
- Assist in gathering information for audit requests
- Respond to daily client information requests and complete daily exception review with follow-up
Qualifications
- Strong knowledge of accounting concepts, controls, and various investment types; understanding of GAAP, US Statutory, IFRS, UK GAAP, CAD GAAP reporting bases
- 4-8 years of related work experience preferred
- Strong and effective communication skills for direct client interaction