Institutional Accounting, Director
BlackRock · Posted Nov 4
Investment management, asset management, risk analytics, and wealth services
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About the role
The Investment Accounting Group provides accounting and regulatory data services to financial institutions, delivering reconciliation, asset tracking and accounting, monthly reporting packages, and regulatory schedules. The Director of Derivative Accounting supports derivative accounting capabilities and client delivery, leads the monthly accounting close, strengthens processes and controls, and supports client implementations onto the Aladdin Accounting platform. The role combines derivatives expertise, people leadership, and client engagement across complex accounting and reporting needs.
What you will do
- Lead, coach, and develop a team of investment accounting professionals, building derivatives expertise and maintaining high standards of client service and delivery.
- Serve as a derivatives accounting expert for clients and internal stakeholders, providing clear guidance on complex derivative products, strategies, accounting treatments, and emerging accounting changes.
- Lead derivatives accounting controls and quality standards in partnership with the Investment Controllers Team, ensuring accurate reporting and alignment with internal, external accounting, and audit requirements.
- Support implementation of clients to new Aladdin Accounting platform, ensuring that journals and reporting is accurate for derivatives.
- Represent derivatives accounting on cross-functional initiatives and working groups, bringing client and accounting perspectives to key business objectives, product enhancements, and strategic priorities.
- Drive and prioritize enhancements across investment reporting, controls, procedures, and processes to increase efficiency, mitigate risk, and support evolving business, client and product changes.
- Build trusted client relationships by providing expert support on derivatives-related matters and translating complex accounting topics into practical solutions.
Skills used in this role
What the employer is looking for
- 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, with demonstrated ability to lead, manage, coach, and develop teams.
- Strong understanding of investment accounting principles, controls, reporting, and relevant accounting frameworks, including Generally Accepted Accounting Principles (GAAP), statutory accounting, and International Financial Reporting Standards (IFRS).
- Derivatives expertise across options, including swaptions and collars; swaps, including credit default, variance, total return, interest rate, and inflation swaps; foreign exchange forwards; futures; cleared derivatives; and relevant hedging and income-generation strategies.
- Experience working with automated accounting and front/middle office applications.
- BlackRock Aladdin knowledge beneficial (not a requirement).
- Strong client and stakeholder communication, judgment, attention to detail, and project-management skills, with the ability to make well-informed decisions and drive complex initiatives.
Benefits and support
- strong retirement plan
- tuition reimbursement
- comprehensive healthcare
- support for working parents
- Flexible Time Off (FTO)
About BlackRock
BlackRock, Inc. is an American multinational investment management corporation and the world's largest asset manager. The firm provides institutional and individual clients with a broad range of investment, advisory, and risk management products, including its proprietary Aladdin financial technology platform. Headquartered in New York City, BlackRock manages trillions in assets across global equity, fixed income, alternative investments, and iShares exchange-traded funds (ETFs).
- Industry
- Investment Management
- Company size
- 24900 employees
- Founded
- 1988-03-09
- Location
- New York, New York, USA
- Funding stage
- Public Company
Leadership
Chairman and Chief Executive Officer
President and Director
Chief Financial Officer and Global Head of Corporate Strategy
Chief Operating Officer
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