Description
The Investment Accounting Group provides accounting and regulatory data services to insurance clients. As a Vice President in Investment Accounting, you will play an important role in delivering accounting and reporting services that meet the evolving needs of insurance clients.
You will support the monthly accounting close, lead client and departmental initiatives, strengthen processes and controls, and collaborate across BlackRock to deliver key business and client objectives.
The scope of this role includes:
- Developing deep knowledge of BlackRock's capabilities, products, and services for insurance companies, and communicating the implications of evolving regulatory requirements and accounting pronouncements across IFRS, US Statutory, and US GAAP.
- Supporting business growth, new-client implementation, and client retention within the insurance sector in partnership with teams across BlackRock.
- Representing Investment Accounting on cross-functional projects and working groups supporting key business and client objectives.
- Driving continuous improvement of investment reporting production and control processes to enhance efficiency, mitigate risk, and incorporate business and product changes.
- Partnering with vendors to communicate development priorities clearly and support delivery against those priorities.
- Providing expert accounting support to clients and conducting periodic training for the Investment Accounting team.
- Reviewing quarterly NAIC and other regulatory reconciliations, driving appropriate follow-up and resolution, and supporting audits by reviewing results, recommending control enhancements, and responding to follow-up questions.
To be successful in this role, you will need:
- Minimum 8 years of experience in investments or markets, with a strong understanding of investment accounting.
- Knowledge of insurance companies and the regulatory and accounting standards under which they operate is preferred.
- Strong focus on continuous operational improvement, process efficiency, and control enhancement.
- CA, CPA, or similar professional qualification, together with technical understanding of general ledger tools, is advantageous.
- Understanding of SQL and working knowledge of databases is desirable.
- Experience transforming manual processes using digital tools such as Microsoft Power BI, Alteryx, and RPA tools is advantageous.
- Familiarity with product-specific financial reporting and disclosure requirements.
BlackRock offers a wide range of benefits, including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents, and Flexible Time Off (FTO).
The hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of employees, while supporting flexibility.