Cash and Position Reconciliations and Investigations, Analyst

The Investment Accounting Group seeks a Reconciliation Analyst to provide accounting and reporting services. This role involves reconciling cash balances, transactions, and positions, researching and resolving differences, and preparing reconciliations. The analyst will also be responsible for daily task completion, high-quality client service, and collaborating with internal and external partners to resolve issues and improve processes for Insurance Accounting clients. The position requires strong analytical and problem-solving skills.

Must Have

• Complete day to day assigned tasks, including control reports, cash and position break resolution, inbox and dashboard monitoring, client and portfolio data maintenance, and daily subscription/redemption activity.
• Provide high quality client service externally and internally.
• Prepare and/or review reconciliations between BlackRock, Asset Manager, and Custodian Bank.
• Research and resolve differences in a timely and accurate manner.
• Perform ongoing maintenance of existing accounts to reflect client or account level changes.
• Work with external service providers, internal team members and other BlackRock groups to resolve issues.
• 1-5 years of professional experience.
• Demonstrated understanding of equity and fixed income securities and derivative products.
• Proficient in Microsoft Excel.

Good to Have

• A four-year degree in Finance, Accounting, Information Technology, or Economics.
• Understand upstream processes impactful to the reconciliation and develop ability to correlate the effect of change.
• Flexible and open to accepting new challenges.
• Able to work effectively and efficiently on multiple projects at a time, in a demanding, and evolving environment while maintaining the highest standard and attention to detail.

Perks & Benefits

• strong retirement plan
• tuition reimbursement
• comprehensive healthcare
• support for working parents
• Flexible Time Off (FTO)

About this role

Purpose of Position:

The Investment Accounting Group provides accounting & reporting services to our accounting clients. We provide services including the preparation of monthly accounting packages and quarterly footnote schedules, reconciliation of cash and positions, and calculation of portfolio performance. The Reconciliation Analyst will be accountable for reconciling cash balances, transactions, and positions. They will also be researching and timely resolving differences, preparing reconciliations, and recommending and implementing operational improvements to ensure efficient and accurate processes on behalf of the Insurance Accounting clients.

Primary Responsibilities Include:

• Completing day to day assigned tasks, including control reports, cash and position break resolution, inbox and dashboard monitoring, client and portfolio data maintenance, and daily subscription/redemption activity.
• Providing high quality client service externally and internally. Address inquiries, perform controls, resolve problems, and mitigate risks for clients and internal BlackRock partners.
• Preparing, and/or reviewing reconciliations between BlackRock, Asset Manager, and Custodian Bank. Includes researching differences and resolving them in a timely and accurate manner.
• Performing ongoing maintenance of the existing accounts to reflect client or account level changes.
• Working with external service providers, internal team members and other BlackRock groups to resolve issues, as identified.
• Your role is to assist in special projects and initiatives to improve the service offering

Skills Required:

• The ability to prioritize and balance multiple requests without losing sight of our overall objectives.
• 1-5 years of professional experience
• You possess strong decision-making skills to make well-thought-out decisions based on the information provided and to obtain further assistance/clarification when required.
• You can multi-task and perform in a dedicated, high demand environment.
• Take the initiative to follow up on issues – identify what needs to be done and act.
• Ability to multi-task, balance multiple priorities and meet results in a fast-paced and evolving team.
• You can work in team-oriented environment and quickly adapt to an evolving business.
• You have a shown understanding of equity and fixed income securities and derivative products.
• Proficient in Microsoft Excel and have an interest in learning new applications.

Preferred:

• A four-year degree is required in Finance, Accounting, Information Technology, or Economics.
• Understand upstream processes impactful to the reconciliation and develop ability to correlate the effect of change.
• Flexible and open to accepting new challenges; able to work effectively and efficiently on multiple projects at a time, in a demanding, and evolving environment while maintaining the highest standard and attention to detail.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents 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.