Institutional Accounting - NAV & Performance Associate

Edinburgh, United Kingdom
22 Mar 2023
12 Apr 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

About this role

Institutional Accounting - NAV & Performance Associate.

About BlackRock
Elevate your career by joining the world's largest asset manager! Thrive in an environment that promotes positive relationships and recognises outstanding performance! We know you want to feel valued every single day and be recognised for your contribution. At BlackRock, we strive to empower our employees and effectively engage your involvement in our success. With over USD $10 trillion of assets we have an outstanding responsibility: our technology and services empower millions of investors to save for retirement, pay for college, buy a home and improve their financial well-being.

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified individuals without regard to race, colour, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Team Overview

The Accounting Services and Oversight (ASO) - Institutional team are responsible for the production of NAV and Performance for institutional separate accounts on a daily and monthly basis using Aladdin Accounting. This includes analysis/comparison with third parties such as custodian banks and accounting agents.

ASO have a view across the entire Aladdin platform, working closely with key internal stakeholders to ensure NAV accuracy. This leads to natural exposure to several teams including but are not limited to portfolio managers, performance attribution specialists, trade operations, cash & assets reconciliations, client management and APG.

Primary Job Responsibilities
  • Conduct portfolio valuations, performance calculation and analysis for Institutional portfolios using the Aladdin Accounting platform.
  • Work closely with upstream teams such as Cash reconciliation, Trade operations, Data Integrity Group and Portfolio Managers to ensure data accuracy.
  • Support Portfolio Management Group (PMG) and Institutional Client Business group (ICB) in resolving portfolio valuation queries.
  • Work with clients effectively by supporting Client Business in servicing client requirements on a regular basis or on special projects.
  • Onboard new portfolios onto the Aladdin Accounting platform.
  • Enhance the client experience by answering NAV or Performance related queries in a timely and accurate manner.
  • Review reconciliations with custodian banks and accounting agents to prevent/resolve NAV/Performance discrepancies.
  • Prepare, review and provide ad-hoc reports to clients or custodian/accounting agents as necessary.
  • Involved in the training process of newly hired professionals and interns
  • Work with the product owners on the development of the Aladdin Accounting platform through enhancement functionality/development testing and identifying areas for development.
  • Self-managing tasks and keeping the team and managers updated on any issues, delays or errors.
  • Assist in conducting and implementing procedures and controls to ensure GIPS, SOX, RCSA and SOR Audit requirements.

Skills Required
  • Excellent analytical and interpersonal skills, including the ability to confidently articulate with clients (external) and partners (external, internal).
  • An individual that takes ownership and accountability of tasks/processes.
  • A working knowledge of financial instruments (equities, fixed income, derivatives), strong accounting knowledge and familiarity with performance calculations
  • Understanding of the NAV reconciliation process and experience with leading stakeholders engagements
  • Delivers excellent client experience & service
  • Experience of owning a process including effective issue resolution
  • Exhibit/demonstrate strong decision-making skills to make well-thought-out decisions based on the information provided and to obtain further assistance/clarification when necessary
  • 4-6 years of experience in financial industry

  • Experience in a team lead role
  • Project management experience

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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 current hybrid work model is designed to enable in-person connections and collaboration that is core to our culture, while supporting increased flexibility for all employees. In line with local health guidance and regulations, employees are required to work at least 3 days in the office each week, with the flexibility to work from home up to 2 days a week. Some business groups may require more time in the office due to their roles and responsibilities. The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children's educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment - the one we make in our employees. It's why we're dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit | | Instagram: @blackrock | Twitter: @blackrock | LinkedIn:

BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.
  • You need to sign in to save