Investment Accounting Associate

LGBT Great; City of Edinburgh; Hybrid; GBP 50,000 - GBP 70,000; Full time

Job summary

A global asset management firm is seeking an Associate of Investment Accounting in Edinburgh. This role involves managing accounting services and ensuring compliance with regulatory standards. Candidates should have a minimum of 3 years' experience in investments and a strong understanding of investment accounting. The benefits include a hybrid work model and comprehensive employee support programs. Join a company dedicated to financial well-being and employee development.

Benefits

Retirement investment tools

Education reimbursement

Flexible Time Off (FTO)

Qualifications

• Minimum 3 years of industry experience in investments/markets.
• Understanding of investment accounting product mechanics.
• Knowledge of regulatory standards for insurance companies.

Responsibilities

• Handle accounting and reporting services for clients.
• Ensure compliance with evolving regulatory landscape.
• Improve investment reporting through preparation and review.

Skills

Investment accounting

Regulatory compliance

Communication skills

Job description

About this role

Are you an Investment Accounting professional searching for a rewarding, significant, multi-faceted opportunity with the world's largest asset manager? Do you pride yourself on building positive relationships, developing process solutions and bringing strategic visions to fruition? Look no further! BlackRock is pursuing an Associate of Investment Accounting to become a part of the team. We recognize that strength comes from diversity, and will accept rare skills, eagerness, and passion 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 your contribution. At BlackRock we strive to empower our employees and actively engage your involvement in our success. Our technology and services empower 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:

Responsible for handling all aspects of accounting and reporting services and meeting the needs and evolving priorities of our clients. You will focus on delivering BlackRock to clients by supporting the monthly accounting close, leading client/department initiatives, improving the process and controls using capabilities of other parts of the BlackRock organization as required. You 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 further personal learning, both in terms of the product types and accounting complexities, as well as the ongoing development of technical strengths.

Key responsibilities include:

• Developing a thorough knowledge of BlackRock’s capabilities, products and services for insurance companies
• Staying ahead of and effectively communicating the implications of the evolving regulatory landscape and new accounting pronouncements to ensure compliance by our insurance companies, across multiple bases of accounting (i.e., IFRS, US Statutory, US GAAP, etc.)
• Responsible to improve investment reporting for clients through preparation, review and ensure distribution of various accounting packages and reporting schedules
• Supporting business growth within the insurance sector working in partnership with other BlackRock teams
• Completing all quarterly/annual NAIC reconciliations and reporting in compliance with US Statutory guidelines
• Assisting in the continual improvement of the investment reporting production and control processes to optimize efficiency, mitigate risk and incorporate business and product changes, ensuring procedures are maintained in line with all current practices
• Providing complete and accurate review of data to clients’ book of business
• Conducting special projects and initiatives to improve the service offering

Experience Required:

• Understanding of investment accounting product mechanics including debt instruments, equities and derivatives
• Minimum 3 years of industry experience in investments/markets and understanding of investment accounting
• Knowledge of insurance companies, including the regulatory and accounting constraints and standards under which they operate
• Continuous operational improvement and control enhancement mindset
• Familiarity with product- specific financial reporting and disclosures

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | :

BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.