Associate, Institutional Accounting - Princeton

BlackRock • Princeton, NJ

1d • $95,000 - $127,500 • Hybrid

About The Position

About this role Are you an Investment Accounting professional searching for an exciting, significant, multi-faceted opportunity with the world's largest asset manager? If you pride yourself on building positive relationships, developing process solutions and bringing strategic visions to fruition, then look no further! BlackRock is pursuing an Associate to become a part of the team. We recognize that strength comes from diversity, and will accept rare skills, eagerness, and passion. All the while supporting the freedom to grow authoritatively and as an individual. We know you want to feel valued every single day and be recognized for contributions! At BlackRock, we strive to equip our employees and actively engage their involvement in our success. Our technology and services empowers millions of investors to save for retirement, pay for college, buy a home and improve their financial well-being. Join the team and experience what it feels like to be part of an organization that makes a difference. Our Investment Accounting Group provides accounting and regulatory data services to insurance clients. Our accounting services include the reconciliation, tracking, accounting for assets, along with preparation and oversight of monthly packages and regulatory schedules. The Role The eFront Migrations Specialist will handle accounting and reporting tasks. They will support the transition of portfolios from legacy systems to eFront in the alternative assets space. This role is on the forefront of promoting process refinement and automation efforts to alternative assets. It also contributes to the successful adoption of accounting policy modifications for Alternatives, while supporting BlackRock’s insurance clients alongside broader organizational aims. Team members will have the opportunity for continued professional development with a career path within the group, or into other operating teams or client-facing business areas across BlackRock. Our suite of services provided to our clients offers opportunities for personal learning, in terms of the product types and accounting complexities, as well as an ongoing development of technical strengths.

Requirements

• Understanding of Alts product mechanics, requirements, including Equity Method of Accounting for Partnerships/Joint Ventures held as investments
• Minimum 3 years of proven experience in investments/markets and understanding of Alternative Investment accounting
• Knowledge of insurance companies, including the regulatory and accounting constraints and standards under which they operate
• Continuous operational improvement and control enhancement demeanor
• Familiarity with product-specific financial reporting and disclosures

Nice To Haves

• Experience in large-scale system migrations within financial services.
• Knowledge of automation tools (e.g., Python for reconciliation scripts).
• Strong communication skills for cross-functional collaboration.

Responsibilities

• Migration & Implementation Carry out end-to-end migration activities: data extraction, transformation, and loading into eFront.
• Validate accounting bases (GAAP, STAT, IFRS) and configure portfolio structures.
• Ensure historical performance data is loaded for compliance and reporting.
• Lead the implementation of client mandates with effective planning and resource management.
• Governance, Process, and Controls Maintain detailed migration documentation and runbooks for repeatable frameworks.
• Ensure consistent process and control across the client base.
• Support change management, logging and tracking enhancements or issues.
• Stay ahead of regulatory changes and communicate implications across multiple accounting bases.
• Cross-Team Collaboration Partner with Investment Controllers, IA Operations, and external consultants to ensure seamless execution.
• Represent Alternatives Accounting on cross-functional projects and working groups.
• Provide status updates and participate in governance meetings.
• Training & Knowledge Transfer Provide regular training sessions for the Investment Accounting Team on new Alternative investment strategies, product categories, and updates in accounting.
• Provide hands-on training to internal teams on eFront workflows and procedures.
• Support post-migration transition and embed learning into processes aligned with BAU or equivalent experience.

Benefits

• employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits.
• 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
• Education Level: No Education Listed