Associate, Implementation Consultant - New York

BlackRock • New York, NY

23d • $115,000 - $147,500 • Hybrid

About The Position

About this role About BlackRock Are you a highly motivated professional looking to elevate your career by joining the world's largest asset manager? Would you thrive in an environment that fosters positive relationships and recognizes outstanding performance, working with both internal partners and clients? We know how important it is to feel valued every single day and be recognized for your contribution. At BlackRock, we strive to empower our employees and effectively engage your involvement in our success. With over $8 trillion of assets, we have an outstanding responsibility: our technology and services empower millions of investors to save for retirement, pay for college, and improve their financial well-being. In addition to helping our clients achieve a better financial outcome as an asset manager, BlackRock is an established FinTech with Aladdin® being used by some of the largest institutions and investors in the world. We provide comprehensive investment accounting software and services including financial and regulatory reporting. By deploying Aladdin®, accounting services are offered as a coordinated solution alongside Aladdin’s powerful capabilities to financial institutions globally. 2022 was a record year for Aladdin with over $1.4 billion in revenue, and we’re excited to offer this opportunity to join our growing business. Job Purpose / Background BlackRock provides accounting and regulatory data services to clients who have outsourced their accounting function to BlackRock. BlackRock is currently embarked on an exciting program of work to develop our accounting operating platform and to extend asset class coverage. As our business has expanded, we have a requirement for strong implementation skills and accounting knowledge to continue to extend our depth. BlackRock is seeking an Associate to become part of a team that will embrace your skills, eagerness, and passion while giving you the freedom to grow professionally. The successful candidate will be responsible for overseeing key functions of our client support model to implement clients onto our Aladdin accounting platform. The role will focus on developing investment process solutions for new and existing clients alike and be responsible for bringing together the capabilities of other parts of the BlackRock organization as required.

Requirements

• 3-7 (Associate) years of experience in financial services, familiarity with insurance clients a plus
• Possess a working knowledge in US GAAP/ International GAAP and/or Statutory accounting for investments, including securities, alternatives, mortgage loans, and derivatives
• Proven ability to work on cross-functional, virtual teams to achieve business goals
• A pro-active interest in keeping up to date with industry, accounting standards and client product changes
• Adept at effective communication and forming strong relationships with clients and internal partners
• Ability to multi-task and balance multiple requests without losing sight of overall business objectives and delivery requirements
• Ability to leverage new technology to benefit partners
• Experience with Microsoft Office applications (e.g., Excel, Word, Outlook), investment accounting software such as Advent Geneva, and SQL databases a plus

Responsibilities

• Develop a thorough knowledge of BlackRock’s capabilities, products and services for Investment Accounting clients
• Drive the execution of project plans for client migrations and implementations with measurable goals, driving consensus and communicating to partners and management throughout
• Drive systems deployments, portfolio configurations (including char of accounts and relevant accounting elections), initialize accounting positions, review of positions initialized (book values, carry values, market values etc.), exception and breaks analysis and finalizing financial impact
• Improve our ability to scale migrations and implementation efforts to ensure we can support multiple ongoing efforts concurrently, given our projected sales targets
• Engage and maintain relationships with key partners across the firm to support business growth, implementation of new clients, and migrations and retention of existing clients
• Represent BlackRock on cross-functional projects and working groups in support of delivering key business and client objectives
• Ensure alignment of additional services with our Aladdin Accounting offering but supporting proper product integration in partnership with colleagues across the firm

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
• Flexible Time Off (FTO)

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees