Fund Accounting Associate

Fund Accounting Associate


BlackRock EMEA Accounting Services & Oversight Function has responsibility for NAV accounting oversight of pooled fund products. Responsibility for accurate and timely production of asset valuations produced by vendors, including shareholder taxation. The Team has involvement with various BlackRock departments in launch of new product and organisational change and closure of existing product.

The function has a core team in Edinburgh providing oversight within EMEA of the daily pricing activities. The firm currently has in excess of $750bn of assets coordinated across major administrators in EMEA region! The primary function of the team includes:

Oversight of fund administrators pricing and control activity ensuring all funds are priced within the required SLA and to the required accuracy standards.
Monitoring of reconciliations and controls produced by the third party fund administrators
We are looking for a pro-active individual who can demonstrate initiative with an aim to succeed both as an individual and as a strong teammate! The successful individual should demonstrate a dedication to technical perfection, flexibility and the ability to balance multiple activities. As a good communicator they will use their influencing skills to develop strong collaborative relationships with key internal and external partners.



Responsibilities include:
Monitor reconciliations produced by third party administrators and work with them and other BlackRock departments ensuring there is timely resolution of breaks
Take ownership for ensuring all tasks and activities undertaken meet the requirements of the regulatory regime and that any exceptions/breaches are reported to line management immediately
Proactively build and maintain working relationships with providers and other areas within BlackRock, working closely with them to make sure the service is delivered and that any queries/problems/issues are taken care of in accordance with agreed standards and in a timely, accurate and complete manner
Carry out continual development of pricing and monitoring processes to optimise efficiency, mitigate risk and incorporate business and product changes. Ensure that the procedures are maintained in line with all current practices
Prepare key performance indicator data and management information for regular reports to management
Be aware of product, business and regulatory changes and proactively seek involvement in the resultant initiatives and projects
Focus on the financial aspects of the relationship between BLK and third party providers, encompassing the full range of services delivered, become a main point of contact within BLK, including fee modeling, scenario analysis and RFPs
Collaborate closely with BLK Finance and business heads to prepare annual plan for provider spend, ensuring that all business change impacts / new business are understood, considered and aligned into plan
Produce monthly reports including appropriate analysis and commentary on the provider financials, investigating thoroughly all material variances to forecast, to plan, and month-on-month
Review and undertake supervising activities over all invoices received from providers, ensuring that invoices reflect agreed tariff and activity, and look to streamline processes where vital
Ensure all relevant payments are made within timeline
Maintain procedures for all 3rd party provider fees
Supervise Service Credit process, including calculation and collection of payment
Maintenance and ongoing development of Fee Billing Database, initiating and supporting improvements when vital
Measure provider performance against SLA, collating service management data
Work with providers, aspiring to constantly improve service
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.



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.




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.


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