Analyst, Treasury Accounting

About this role

BlackRock Finance and Strategy consists of professionals in disciplines such as Financial Planning & Analysis (FP&A), Treasury, Tax, Financial Controls, Sourcing and Vendor Management, Finance Platform Support, Controllers, Strategy, and Corporate Development. Within the Controllers’ Group, the GP Accounting team supports the Alternatives platform structured using General Partnership vehicles and is responsible for ensuring the integrity of the financial data in accordance with applicable financial standards, Tax and regulatory frameworks. 

The team is involved in the administration, accounting, and payment of Carry associated with these GP’s, as well as producing quarterly/annual financial statements, and maintaining the control environment around the financial data.

Job Purpose/Background

The GP Accounting Analyst, based in Atlanta, will be responsible for supporting the Global GP Accounting team which is based in New York, Edinburgh, Atlanta and Mumbai in their monthly postings, analysis, payments, reporting and controls. This role provides the opportunity to interact with different stakeholders across the globe including Finance Controls, External Reporting, HR, Fund Accounting, Tax, Legal and FP&A so attention to detail, controls focus, and excellent communication skills are essential.

We are looking for an upbeat and proactive individual to join the GP Accounting – Alternative Products team. The ideal candidate will be detail oriented, highly analytical, and proactive in motivating change to increase efficiency while maintaining effective controls.  In this role, this individual will be responsible for the accounting, administration and reporting of alternative product carried interest revenue sharing programs for BlackRock’s investment managers.

The group prepares the accounting records for 180+ GP carry plans, processes participant capital distributions, provides capital statement and regulatory reporting and prepares all carried interest-related corporate accounting entries and reconciliations. The role will also assist with special projects.

This position will report to a Director within GP Accounting, who is also based in Atlanta.

Key Responsibilities

• Partner directly with global, multi-functional teams to administer the Company’s carried interest plans

• Connect with management of various levels throughout the organization to acquire a complete understanding of carry plans from inception through dissolution and document details of such plans

• Maintain accurate and timely plan data by General Partner entity, plan and participant using the eFront G/L system. Establish open communication lines with appropriate partners, especially in Human Resources, Tax, Fund Accounting and Legal

• Maintain GAAP and tax balances for reporting in the Oracle General Ledger and for reporting to participants

• Produce periodic (quarterly/annual) management reports on the firm's General Partner entities and related carried interest allocations to participants

• Produce and distribute periodic participant capital statements and payments to plan participants

• Assist with ad hoc projects and reporting requests including updates of operational policies and procedures

• Ensure strong controls and procedures are in place in relation to the general ledger

• Provide timely responses to inquiries and special requests

• Perform balance sheet account reconciliations at month end

• Provide commentary around balance sheet account movements (analyzing Investment values, payments etc.)

Development Value

• The role interacts with both Finance and non-Finance teams globally

• This role supports the continued growth of BlackRock’s Alternatives business, a key growth area for the firm

• This role will provide the candidate with an understanding of the accounting and administration of general partnerships

• The candidate will work with management whose aim is to develop individuals in the team specifically towards their career aspirations

• Opportunity to assist with a range of projects/ad hoc tasks, allowing for variation in role across the Global team

• Opportunity to demonstrate added value via the continuing improvement of key GP Accounting processes and activities

• This role can provide a strong foundation for further career progression within BlackRock

Knowledge/Experience

• 1+ years of accounting/tax experience

• Accounting or other degrees in the related field

• Strong verbal and written communication skills

• Qualified accountant CPA/CA/ACA/ACCA/CIMA preferred

• Experience in the preparation of internal management reports, tax reporting and/or financial documents

• Proficiency in the Microsoft Office suite

• Strong control mindset

• Ideally the candidate would have 1+ years previous experience of working within financial services, ideally within Investment Management, or public and multi-national firm

• Experience of accounting systems, processes and controls is also beneficial

Competencies

• Strong willingness to learn with a high-level of motivation and adaptability

• Well-organized, methodical and detail orientated with an ability to work to tight deadlines

• Strong analytical and problem-solving skills with an ability to synthesize information and summarize key issues

• Ability to communicate in verbal and written form clearly and confidently, with all levels of the business

• Initiative and confidence to identify potential process improvement opportunities and helping deliver benefit to the business

For Atlanta, GA Only the salary range for this position is USD$71,250.00 - USD$90,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

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.

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 | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

 

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.