ByJob Title: Analyst/Associate, Fund Accounting
Location: Mumbai
Department: Investment Operations – Investment
Description:
We are seeking proactive individuals who can demonstrate initiative and a drive to succeed both individually and as part of a team. The ideal candidate should possess a dedication to technical precision, flexibility, and the ability to manage multiple tasks effectively. Strong communication skills are essential, as the successful candidate will need to build positive relationships with key internal and external stakeholders.
As part of the Global Accounting and Product Services (GAAPS) function, the Accounting Services & Oversight team (ASO) in Mumbai consists of approximately 50 team members supporting various aspects of the accounting process. This includes ensuring the accuracy and timeliness of Net Asset Value (NAV) publication, managing fund expenses, onboarding new funds, and reconciling BlackRock’s records with external records. The team’s controls and oversight contribute to fulfilling BlackRock’s fiduciary responsibilities to its clients.
We also manage all Fund Accounting data interfacing into EMEA Regulatory reports, such as MIFID, PRIIPS, etc., and are responsible for strategic projects related to technical products, migrations, and technology architecture. We aim to enhance the team’s scope, particularly focusing on technology files received from outsourced third-party providers, with a global perspective.
Primary Job Responsibilities:
Regulatory:
- Ensure compliance with regulatory changes affecting EMEA Funds, collaborating with Legal and Compliance as necessary.
- Regulatory changes include but are not limited to MIFID, PRIIPS, BWP, LGPS, UCITS KIID, and AIFMD.
Platform and Architecture:
- Engage with Accountants regarding technology changes in Production Platforms/Systems and the appropriate testing process.
- Understand and document the global technology infrastructure with service providers, covering NAV price dissemination, static data enrichment within BlackRock, etc.
- Responsible for rationalizing data feeds and promoting standardization from external providers into BlackRock.
- Address technology failures with outsourced providers and via vendor forums to ensure prompt resolution and conduct post-resolution analysis.
- Participate in technology changes within the EMEA team and engage in initiatives and projects related to technological improvements resulting from product and business changes.
NAV Reconciling, Benchmark Controls & Expense Management:
- Conduct Benchmark controls comparing external Fund Accounting/PB/Custodian fund data to internal data, identifying tolerance breaches, and facilitating resolution.
- Perform key end-to-end reconciliation processes including Fund Accountant to Custodian positions, Fund Accountant to Aladdin position/Market Value, Fund Accountant to Custody cash/income, Transfer Agency/Accounting, and Contract for Difference (CFD) reconciliation.
- Manage fund expense activities, including loading expense requests & fund allocations, leading end-to-end processing of expense requests, and exploring automation initiatives to increase scalability.
Skills and Qualifications:
- 2-8 years’ experience in Fund Accountancy with related experience in regulatory and/or operations.
- Good knowledge of Excel; experience with SQL and VBA is desirable.
- Ability to thrive in a fast-paced, high-intensity environment, with excellent analytical, written, and oral communication skills.
- Strong client service skills and a commitment to delivering service excellence.
- Proactive mindset, willing to lead and follow through on issues to resolution.
- Technical understanding of various investment instruments, fund types, and products.
- Ability to identify and resolve problems proactively and work flexibly to achieve team goals.
- Commitment to delivering work to the highest standards of quality and timeliness.
Our benefits:
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) to help you relax, recharge, and be there for your loved ones.
Our hybrid work model:
BlackRock’s hybrid work model promotes collaboration and apprenticeship while supporting flexibility for all employees. Employees are required to work at least four days in the office per week, with one day of remote work allowed. Some roles may require more time in the office based on responsibilities. We focus on increasing impactful moments through in-person collaboration while supporting performance and innovation.
About BlackRock:
At BlackRock, we are driven by a mission to help more people experience financial well-being. Our clients and the people they serve are saving for various goals, from retirement to education. Their investments support the global economy, businesses, infrastructure projects, and innovations. We invest in our employees, creating an environment where they feel valued and supported.
Apply now:
Link to apply
Job requisition #: R241259
