Director, Institutional Accounting

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. Black Rock is pursuing a Director of Derivative Accounting to become a part of the team. We recognize that strength comes from diversity, and will accept your rare skills, eagerness, and passion while giving you 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 Black Rock 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 accounting packages and regulatory schedules.

You will focus on delivering Black Rock to clients by supporting the monthly accounting close, leading client/department initiatives, improving the process and controls using capabilities of other parts of the Black Rock 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 Black Rock.

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.

• Support a team of 10+ professionals, demonstrating outstanding leadership and managerial skills
• Acquire and maintain a detailed knowledge of Black Rock's capabilities, and product structures
• Support migration of derivatives to new Aladdin Accounting platform, ensuring that journals and reporting is accurate for clients
• Support derivatives‑centric accounting controls alongside our Investment Controllers Team and ensure that they are accurately maintained in accordance with company and SSAE audit requirements
• Represent derivatives accounting on cross‑functional projects and working groups in support of delivering key business and client objectives
• Contribute to the continual development 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
• Provide expert‑level support in person and phone conversations with clients on derivatives‑related matters
• Conduct periodic training with the Investment Accounting Team on new derivatives strategies, product types, and accounting changes
• Define quality control requirements and provide overall guidance to ensure compliance with internal/external accounting guidelines
• Remain current on accounting pronouncements and upcoming changes
• Provide input regarding the future direction and long‑term strategy to support designated product enhancements
• Coordinate and validate software functionality including recommendations for improvement
• Identify, drive, and prioritize development requests and enhancements impacting Black Rock processes and systems

• The role would suit a qualified accountant (CPA, ACA, CIMA or ACCA); experience and knowledge of the insurance sector beneficial (not a requirement)
• 15+ years of financial/accounting work experience with invested assets
• 5+ years of supervisory experience
• Firm knowledge of the business models of insurance companies including the regulatory and accounting constraints under which they operate
• Familiarity with GAAP/STAT/IFRS and accounting policies as it relates to investments
• Derivatives expert‑level knowledge…