Associate, Institutional Accounting - San Francisco

About this role

Your Team

The Investment Accounting Group (IAG) delivers accounting and regulatory reporting services to insurance clients that have outsourced their investment accounting function. The team prepares and oversees accounting, regulatory, and statutory reporting while partnering with clients to support business changes, regulatory developments, and platform enhancements. IAG is also focused on expanding asset class coverage and enhancing its accounting operating model through continued investment in technology and process innovation.

Your Role and Impact

As an Investment Accounting Associate, you will support the delivery of high-quality accounting and reporting services for institutional insurance clients. You will analyze accounting results, perform reconciliations and controls, support regulatory reporting requirements, and work collaboratively with clients and internal partners to ensure timely and accurate financial reporting. This role offers exposure to complex investment products, evolving accounting standards, and opportunities to contribute to operational and technology-driven improvements.

Your Responsibilities

• Analyze investment accounting data and provide commentary on financial results and reporting outcomes.

• Prepare, review, and distribute accounting packages, financial reports, and supporting schedules within established deadlines.

• Perform data validation, reconciliations, and control reviews to ensure the accuracy and completeness of reported information.

• Complete quarterly regulatory reconciliations and coordinate follow-up activities through resolution.

• Support internal and external audit requests by gathering documentation and responding to inquiries.

• Address daily client information requests and provide responsive, high-quality service.

• Review daily accounting exceptions and drive timely investigation and resolution.

• Participate in special projects, process improvement initiatives, and technology enhancements that strengthen the client experience and operating model.

• Maintain awareness of accounting policies, regulatory requirements, and industry developments to support compliant reporting practices.

Your Experience

• Bachelor’s degree in Finance, Accounting, or a related field.

• 3–5 years of experience in investment accounting, fund accounting, financial reporting, or a related investment operations function preferred

• Strong understanding of accounting principles, controls, and investment products.

• Knowledge of reporting frameworks such as GAAP, Statutory Accounting, IFRS, UK GAAP, or Canadian GAAP.

• Excellent analytical, organizational, and problem-solving skills.

• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.

• Effective written and verbal communication skills with the ability to interact directly with clients and stakeholders.

• Strong attention to detail and commitment to delivering accurate results.

• Advanced Microsoft Excel skills required; experience with SQL is preferred.

• Demonstrated interest in process improvement, automation, and operational excellence.

• Knowledge of insurance-related reporting, including U.S. Statutory reporting, Solvency II, or IFRS, is a plus.

For San Francisco, CA Only the salary range for this position is USD$105,000.00 - USD$137,500.00 . 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 –