Data Management Analyst – Accounting Data Operations

BlackRock, Inc.; Masonboro (NC); Hybrid; USD 66,500 - 85,000; Full time

Benefits offered by this job

Health care

Retirement benefits

Tuition reimbursement

Flexible Time Off

Job summary

BlackRock, Inc. is seeking a Data Management professional to ensure integrity of asset data and support investment accounting for BlackRock Solutions. You will process securities and trade data, manage daily transactions, and drive efficiency across ETL and data workflows.

Ideal candidates have a BS in finance/ accounting or IT/economics, strong Excel/SQL/Unix, and familiarity with fixed income and derivatives. The role offers a hybrid work model in Wilmington, DE with competitive benefits.

Qualifications

• BS degree in Finance, Accounting, Information Technology, or Economics
• Mortgage or NAIC knowledge
• 1 year related work experience.

Responsibilities

• Timely review and setup of securities within the accounting system to facilitate processing of investment transactions
• Processing daily investment transactions from external investment managers
• Supervise all automated jobs and resolve exceptions or failures
• Timely and accurate responses to daily data inquiries
• Evaluate systems and make improvement recommendations
• Participate in efficiency and automation initiatives
• Record metrics to show team productivity and efficiency
• Demonstrate self-improvement and understand data impact on upstream/downstream
• Transform dynamic data formats to standard

Skills

Excel

SQL

Unix

Python

Finance theory

Fixed income

Derivatives

Analytical thinking

Problem solving

Interpersonal skills

Education

BS degree in Finance/Accounting/IT/Economics

Tools

ETL

Data science

Job description

About this role

BlackRock is one of the world’s preeminent asset management firms and a best-in-class provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions – from meticulous fundamental and quantitative active management approaches aimed at maximizing out-performance to highly efficient indexing strategies designed to gain broad exposure to capital markets.

Business Unit Overview:

Data Management, a member of the Aladdin Data organization, is entrusted with the management of security, trade, market, and credit data that is integral to the investment decision process for BlackRock and its BlackRock Solutions (BRS) business. The Investment Accounting Group provides accounting and regulatory data services to clients 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.

Aladdin Data philosophy is anchored on BlackRock’s cornerstone principles: Innovation, Fiduciary focus, Passion for Performance, and the unified purpose of One BlackRock. Through that lens, we strive to build value for our clients by understanding their needs, the markets, and using technology to create best in class solutions.

Job Purpose/Background

The role reports to the Team lead of Data Management. The Data Management Group is responsible for the integrity of all asset data utilized by internal and external clients for both portfolio trading and accounting-based reporting. The group ensures complete accurate and timely processing of asset security data and transaction data for the clients of BlackRock Solutions (“BRS”) as it pertains to the BRS Investment Accounting and other businesses requiring trade management of externally balanced assets. This includes, among other things, ensuring the completeness of all terms and conditions of asset data pertaining to all known asset types, ensuring accurate market data, capturing trade file information for processing while building a high level of straight through processing (STP) to our accounting system from Aladdin and external managers.

Role Responsibility

• Timely review and setup of securities within the accounting system to facilitate the processing of investment transactions

• Processing daily investment transactions from external investment managers.

• Supervise all the automated jobs and resolve, if there is any exception or failure.

• Timely & accurate responses to daily data inquiries

• Ability to evaluate systems, procedures and make recommendations for improvement

• Participate in various efficiency and capacity-building initiatives, including automation/ standardization efforts

• Accurately record metrics related to responsibilities to enable management to have a good view of team productivity and efficiency.

• Demonstrating ability to self-improve and develop. Understand the impact of data on upstream and downstream, and to overall service.

• Solve for increasing need to transform dynamic data formats to standard.

Skills Required:

• Possess and demonstrate a working knowledge of various investment products and finance theory; a strong understanding of fixed income and derivative products preferred

• Excellent analytical, critical thinking, and problem-solving skills

• Solid understanding of technical tools such as Excel functions, SQL, Unix commands, etc. strongly preferred

• Exceptional decision-making skills.

• Champion team work and build strong relationships with colleagues and external contacts

• Work in a fast paced, rapid changing, deadline driven environment

• Multi-task and balance requests without losing sight of overall objectives and deadlines

• Strong attention to detail

• Excellent interpersonal skills

• Flexible and open to accepting new challenges; able to work effectively and efficiently on multiple projects at a time in a dynamic, demanding and constantly evolving environment while maintaining the highest standard and attention to detail.

• Technical skills with experience in ETL, python and data science will be added advantage.

Experience:

• BS degree in Finance, Accounting, Information Technology, or Economics

• Mortgage or NAIC knowledge

• 1 years related work experience.

For Wilmington, DE Only the salary range for this position is USD$66,500.00 – USD$85,000.00 . 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 – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

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 @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [e-mail]. All requests are treated in line with our privacy policy .

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.