Finance Associate - Fund Board Reporting & Analytics

BlackRock, Inc.-posted about 1 month ago
$100,000 - $130,000/Yr
Full-time • Mid Level
Hybrid • New York, NY
5,001-10,000 employees
Funds, Trusts, and Other Financial Vehicles
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The Fund Board Reporting & Analytics team, within BlackRock's Financial Planning & Analysis department in Finance & Strategy, is seeking a senior Associate to join the team in New York. Partnering with various functions across BlackRock, this position supports fund board reporting, including modeling, analytics, process design, and business partnering, as well as other special projects. Candidates should possess great attitude, strong analytical skills, attention to both detail and the big picture, and be able to work in a fast-paced, team-oriented environment. Work experience in the investment management industry is preferable, and familiarity with 15c regulatory requirements a plus.

  • Be part of the cross-functional BlackRock team supporting fund boards in the US and UK, enhancing understanding of BlackRock's mutual fund and ETF businesses, including profitability, economics of scale analytics and commercial analysis
  • Support the overall business cost allocation and reporting to various fund boards for BlackRock's registered funds, in line with regulatory requirements in the US (1940-Act Rule "15c") and the UK ("Assessment of Value"). The reporting includes fully-costed operating income estimates and economies of scale studies for approximately 1,000 funds for the annual assessment of the various fund boards
  • Act as a point person and coordinate with the business on certain fund board deliverables, and continue building relationships with various stakeholders across BlackRock
  • Create and maintain complex financial models for fund-board reporting and analysis in support of the 15c process
  • Collaborate with various teams to understand the nature of BlackRock functions and products, assist with the allocation model process in the IBM TM1 / IBM Planning Analytics finance system, and conduct validations and deep-dive analysis on results
  • Assist in creation of presentations and detailed financial analyses presented to senior management and Board of Directors; deliver well-structured analyses and clearly presented findings
  • Coordinate processes and explore opportunities to enhance data sourcing, model methodologies and advanced technologies to bring about increased automation, efficiency, and accuracy
  • Bachelor's degree in Finance, Economics, Mathematics or related field
  • 3-6 years of experience in Financial Planning & Analysis and/or a related function such as Investor Relations -- preferably in the Financial Services industry.
  • Focused attention to detail and high standards for quality and accuracy in work product
  • Solid experience with modeling, financial analysis, and project management
  • Strong problem-solving, quantitative, process driven and analytical skills; strategic and creative thinking
  • Superb Excel skills - extensive use of complex Excel functions, including VBA, and building financial models and reports; experience with multi-dimensional models preferred, IBM TM1 / IBM Planning Analytics experience a plus
  • Strong PowerPoint skills (role will require putting together material for senior management/Board of Directors)
  • Experience working with large data and utilizing different tools and platforms for reporting
  • Strong relationship building skills, with ability to work across teams and management levels
  • Strong organizational, planning and project management skills
  • Strong verbal and written communication skills; ability to clearly articulate and present ideas, both in written and oral form, to colleagues and senior management
  • History of effective multi-tasking, expectation setting, cross-functional coordination, and proper issue escalation; ability to work in a fast-paced environment with time sensitive deliverables
  • Investment management industry experience, as well as 1940-Act 15c experience, a big plus
  • Superb Excel skills - extensive use of complex Excel functions, including VBA, and building financial models and reports; experience with multi-dimensional models preferred, IBM TM1 / IBM Planning Analytics experience a plus
  • 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)
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