Associate, Treasury Accounting

About this role

Business Unit Overview:

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 Associate, 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:

• 5+ years of accounting/tax experience

• Accounting or other degrees in the related field

• Strong verbal and written commu