Analyst, Trade Clearance/Settlement - Delaware

BlackRock • Wilmington, DE

2d • $66,500 - $85,000 • Hybrid

About The Position

About this role About BlackRock Elevate your career by joining the world's largest asset manager! Thrive in an environment that fosters positive relationships and recognizes outstanding performance! We know you want to feel valued every single day and be recognized for your contribution. At BlackRock, we strive to empower our employees and actively engage your involvement in our success. With over USD $10 trillion of assets we have an outstanding responsibility: our technology and services empower millions of investors to save for retirement, pay for college, buy a home and improve their financial well-being. Team Overview This team is part of the Global Alternative Transaction Services team within Business Operations. The core focus of the team is to support private investment trade execution, provide consistent data capture related to our alternatives platform, and disseminate the data to various stakeholders. We offer clients strategies designed to provide returns across various asset classes including private equity, real estate equity and debt, real assets, hedge funds of funds, private credit/direct lending, middle market loans and private debt markets. Our alternative investment capabilities are fully integrated into BlackRock, allowing investment teams to capitalize on the firm’s considerable resources in areas such as risk management, product development, client service and operational support. Role Responsibility Provide trade support and execution functions for private investment funds, including monitoring internal and external teams to ensure accurate and timely execution; Maintain BlackRock internal investment book of record (“IBOR”) using industry leading proprietary tools to ensure accurate data to support investment related decision making and client reporting; Foster a relationship with back-office support professionals at private fund managers/private companies as well as their administrators and agents, including frequent communications regarding trading and amortization activity; Liaise with external service providers, internal team members and other BlackRock groups to resolve operational issues, as identified; Work with Business teams to facilitate investment funding processes; Interact with Portfolio Management, NAV Oversight, and Client Servicing / Reporting teams as needed to address investor queries and investment-level funding issues; Support the onboarding of new alternative investor mandates, investments, and vehicles, including informing & implementing processes for investment/trade lifecycle management, cash management, reporting, and reconciliation; Find opportunities for technological innovation and enhancements to processes; Identify risk areas and implement/improve risk-mitigating controls Assist with preparation and review of reporting deliverables and ensure deadlines are met; Ensure the team’s process documentation and controls are updated and reviewed regularly; Experience 1-5 years’ experience in the fields of operations, accounting and/or administration with a particular focus on alternative investment funds; A bachelor’s degree in Accounting or Finance is preferred but not required; A proficiency in Excel. Excellent written and oral communication skills; Experience multi-tasking in a fast-paced environment; Highly organized and able to adapt to variable deadlines; Strong analytical and problem-solving abilities; and Outstanding work ethic required along with demonstrated success in high performance or high demand environments. Above all, the candidate must possess initiative and a willingness to contribute beyond the scope of one's role to achieve team and firm objectives.

Requirements

• 1-5 years’ experience in the fields of operations, accounting and/or administration with a particular focus on alternative investment funds
• A proficiency in Excel
• Excellent written and oral communication skills
• Experience multi-tasking in a fast-paced environment
• Highly organized and able to adapt to variable deadlines
• Strong analytical and problem-solving abilities
• Outstanding work ethic required along with demonstrated success in high performance or high demand environments
• Above all, the candidate must possess initiative and a willingness to contribute beyond the scope of one's role to achieve team and firm objectives.

Nice To Haves

• A bachelor’s degree in Accounting or Finance is preferred but not required

Responsibilities

• Provide trade support and execution functions for private investment funds, including monitoring internal and external teams to ensure accurate and timely execution
• Maintain BlackRock internal investment book of record (“IBOR”) using industry leading proprietary tools to ensure accurate data to support investment related decision making and client reporting
• Foster a relationship with back-office support professionals at private fund managers/private companies as well as their administrators and agents, including frequent communications regarding trading and amortization activity
• Liaise with external service providers, internal team members and other BlackRock groups to resolve operational issues, as identified
• Work with Business teams to facilitate investment funding processes
• Interact with Portfolio Management, NAV Oversight, and Client Servicing / Reporting teams as needed to address investor queries and investment-level funding issues
• Support the onboarding of new alternative investor mandates, investments, and vehicles, including informing & implementing processes for investment/trade lifecycle management, cash management, reporting, and reconciliation
• Find opportunities for technological innovation and enhancements to processes
• Identify risk areas and implement/improve risk-mitigating controls Assist with preparation and review of reporting deliverables and ensure deadlines are met
• Ensure the team’s process documentation and controls are updated and reviewed regularly

Benefits

• employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level