Business Unit Overview:
The Investment Accounting Group (IAG) provides accounting and regulatory data services to over 25 insurance clients (AUM of $285bn) who have outsourced their accounting function to BlackRock. Our Accounting Services include the preparation and oversight of monthly accounting packages and support schedules, including regulatory returns and statutory reporting. As well as working with clients to deliver our services, the IAG team also supports client changes through corporate and other developments which impact on our services. Also, IAG is currently embarked on an exciting program of work to develop our accounting operating platform and to extend asset class coverage. We are investing in new Aladdin technology and integrating this with PAM for Investments to develop an integrated accounting and risk platform and the industry-leading investment accounting provider.
Key Accounting Responsibilities:
- Analyze accounting data and provide commentary regarding accounting results
- Prepare, review,
and/or ensure distribution of various accounting packages and reporting schedules to clients according to specified timeframes
- Assist in special projects and initiatives to enhance the service offering
- Develop understanding of accounting policy and pronouncements to ensure reporting follows the standards
- Leverage technology to provide improved service to clients
Other Responsibilities:
- Ensure data reviews and checks are performed to validate accuracy and completeness of data used in reporting
- Complete all quarterly NAIC reconciliations with appropriate follow-up and resolution
- Assist in gathering all necessary information related audit requests
- Respond to daily requests for information from assigned clients
- Complete daily exception review with follow up and resolution
Qualifications:
The role holder is a professional with solid knowledge of accounting concepts and controls and various investment types. Understanding of