Finance Associate – Fund Board Reporting & Analytics

About this role

The Fund Board Reporting & Analytics team, within BlackRock’s Financial Planning & Analysis department in Finance & Strategy, is seeking a senior Associate to join the team in New York.

Partnering with various functions across BlackRock, this position supports fund board reporting, including modeling, analytics, process design, and business partnering, as well as other special projects.

Candidates should possess great attitude, strong analytical skills, attention to both detail and the big picture, and be able to work in a fast-paced, team-oriented environment. Work experience in the investment management industry is preferable, and familiarity with 15c regulatory requirements a plus.

Primary Responsibilities

• Be part of the cross-functional BlackRock team supporting fund boards in the US and UK, enhancing understanding of BlackRock’s mutual fund and ETF businesses, including profitability, economics of scale analytics and commercial analysis
• Support the overall business cost allocation and reporting to various fund boards for BlackRock’s registered funds, in line with regulatory requirements in the US (1940-Act Rule “15c”) and the UK (“Assessment of Value”). The reporting includes fully-costed operating income estimates and economies of scale studies for approximately 1,000 funds for the annual assessment of the various fund boards
• Act as a point person and coordinate with the business on certain fund board deliverables, and continue building relationships with various stakeholders across BlackRock
• Create and maintain complex financial models for fund-board reporting and analysis in support of the 15c process
• Collaborate with various teams to understand the nature of BlackRock functions and products, assist with the allocation model process in the IBM TM1 / IBM Planning Analytics finance system, and conduct validations and deep-dive analysis on results
• Assist in creation of presentations and detailed financial analyses presented to senior management and Board of Directors; deliver well-structured analyses and clearly presented findings
• Coordinate processes and explore opportunities to enhance data sourcing, model methodologies and advanced technologies to bring about increased automation, efficiency, and accuracy

Experience and Skills Requirements

• Bachelor's degree in Finance, Economics, Mathematics or related field
• 3-6 years of experience in Financial Planning & Analysis and/or a related function such as Investor Relations -- preferably in the Financial Services industry. Investment management industry experience, as well as 1940-Act 15c experience, a big plus
• Focused attention to detail and high standards for quality and accuracy in work product
• Solid experience with modeling, financial analysis, and project management
• Strong problem-solving, quantitative, process driven and analytical skills; strategic and creative thinking
• Superb Excel skills - extensive use of complex Excel functions, including VBA, and building financial models and reports; experience with multi-dimensional models preferred, IBM TM1 / IBM Planning Analytics experience a plus
• Strong PowerPoint skills (role will require putting together material for senior management/Board of Directors)
• Experience working with large data and utilizing different tools and platforms for reporting
• Strong relationship building skills, with ability to work across teams and management levels
• Strong organizational, planning and project management skills
• Strong verbal and written communication skills; ability to clearly articulate and present ideas, both in written and oral form, to colleagues and senior management
• History of effective multi-tasking, expectation setting, cross-functional coordination, and proper issue escalation; ability to work in a fast-paced environment with time sensitive deliverables

Personal Qualities

• Strong work ethic and accountability owner
• Strategic, creative thinker; solutions and service oriented
• Professional, positive, collegial demeanor; collaborative relationship builder
• Comfortable interacting with all levels of management and able to thrive in a fast paced, innovative environment

For New York, NY Only the salary range for this position is USD$100,000.00 - USD$130,000.00 . 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 [email protected]. 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.