Accounting Analyst Accounting Analyst …

BlackRock
in Atlanta, GA, United States
Permanent, Full time
Be the first to apply
Competitive
BlackRock
in Atlanta, GA, United States
Permanent, Full time
Be the first to apply
Competitive
Accounting Analyst
Description

About this role

Role Profile:

BlackRock's Finance team is responsible for the accounting, financial reporting, tax compliance and control of the financial resources of BlackRock and its subsidiaries. The Finance Group is comprised of Corporate Controllers, Financial Planning and Analysis, Treasury, Tax, Finance Controls and Investor Relations.

Team Overview

This position is a part of the General Partner Accounting - Alternative Products team within the Controllers Group and is primarily responsible for assisting in the accounting, administration and reporting of alternative product carried interest revenue sharing programs for BlackRock's investment managers.  The group prepares the accounting records for 140+ GP carry plans, processes participant capital distributions, provides capital statement reporting and prepares all carried interest-related corporate accounting entries and reconciliations.

This position will report to the Vice President of Treasury Accounting in New York and will have dotted line responsibility to Finance personnel in Atlanta.

Key Responsibilities:

  • Partner directly with a multi-functional and multi-national team that includes Portfolio Management teams, Human Resources, Tax, Legal, Revenue and Compensation Accounting and third-party fund administrators, to administer the Company's carried interest plans.

  • Communicate with management of various levels throughout the organization to obtain a complete understanding of carry plans from inception through dissolution and document details of such plans.

  • Maintain accurate and timely plan data by General Partner entity, plan and participant.  Establish open communication lines with appropriate partners, especially in Human Resources.

  • Maintain GAAP and tax balances for reporting in the Oracle General Ledger and for reporting to plan participants.

  • Produce periodic (quarterly/annual) management reports on the Company's General Partner entities and related carried interest allocations to participants.

  • Produce and distribute periodic participant capital statements and payments to plan participants.

  • Establish regular communications with the Revenue Accounting and Compensation Accounting teams regarding recognition of carried interest revenue and expense.

  • Establish and reconcile operating and reserve bank accounts.

  • Prepare payment requests for General Partner capital calls, tax payments and other invoices.

  • Prepare monthly journal entries and account reconciliations.

  • Assist with ad hoc projects and reporting requests


Preferred Qualifications:

  • Accounting degree

  • Strong verbal and written communication skills

  • CPA license or CPA track

  • Experience in the preparation of internal management reports, tax reporting and/or financial statements

  • 1-2 years of public accounting experience (preferably in the "Big 4") or accounting/tax experience in a multi-national company

  • Proficiency in the Microsoft Office suite


Competencies:

  • A track record of delivering quality results in a fast paced, high volume environment.

  • Attentive to detail while meeting critical deadlines and handling multiple tasks simultaneously.

  • Strong organizational skills.

  • Ability to operate effectively in a changing landscape with competing priorities.

  • Strong verbal and written communication skills and a desire to keep global communication lines open.

  • Drive to help the team continuously improve through technology solutions and innovation.


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

BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of June 30, 2020, the firm managed approximately $7.32 trillion in assets on behalf of investors worldwide.

For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer.  We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

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.
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