Fund Administrator, Associate – Sydney – Sydney

Full-time @BlackRock in Investment Operations – Investments jobs
  • Sydney, AU View on Map
  • Apply Before : January 9, 2023
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Job Description

Join leading Investment management company BlackRock as Fund Administrator, Associate – Sydney in Sydney, AU. refer job details to submit BlackRock job application in Sydney.


Job Title : Fund Administrator, Associate – Sydney

Location : Sydney, AU

Job Category: Investment Operations – Investments



About this role

About BlackRock
Are you looking to advance your career in an environment that promotes positive relationships and recognizes outstanding performance? Consider joining the world’s largest asset manager! At BlackRock, we entrust our employees and engage your involvement in our success. With over USD $10 trillion of assets, we have an outstanding responsibility: our technology and services facilitate millions of investors to save for retirement, pay for their education, 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, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

Team Overview
The Global Accounting and Product Services (GAAPS) division is entrusted with providing operational support to BlackRock’s portfolio management teams and clients. GAAPS is central to business operations in

providing subject matter expertise,
oversight of fund administrator service delivery in relation fund accounting and financial reporting,
monitoring operational capacity for new products,
supporting projects in relation to product launches and
communicating with fund administrators, auditors, fund directors and portfolio managers.

Role Description:
We are seeking a highly motivated and career driven candidate to join our Fund Administration team in Sydney to support BlackRock’s business in Australia and the Asia pacific (APAC) region. This diverse and meaningful role is part of the group responsible for oversight of BlackRock’s Australian domiciled and serviced business. Primary responsibilities include, but are not limited to, oversight of NAV, accounting and distribution services by third party service providers, day to day management of the relationship with the service providers and implementation of product initiatives.
The BlackRock fund range supervised in Australia covers a broad range of investment strategies from indexed, active and hedge strategies across unlisted and listed fund ranges. The business is dynamic and growing and is expected to see continued growth and new product opportunities. The role also involves supporting the Hong Kong and Singapore business via daily net asset value (NAV) oversight as well as being an automation champion in the region.
The role suits a high reaching self-starter who demonstrates high levels of initiative with the desire to succeed both as an individual and as part of a team. The applicant will demonstrate a commitment to technical excellence, an understanding of operational and control frameworks, flexibility and the ability to deliver multiple activities and requirements. A strong communicator, they will use their influencing skills to develop collaborative relationships with key partners.
In addition, the individual will be responsible for providing strategic support to the team manager and assist in driving the identification of operational improvements and control enhancements internally and with service providers. The successful candidate will collaborate with other team members to address complex changes or issues that may be encountered.

Development Value:
Working as part of a connected global organization, the successful applicant will interact with various cross functional partners in varied locations to ensure globally consistent excellence of services, risk controls and governance of accounting service providers.

Role Responsibilities

Demonstrate complete ownership of the day to day accounting and administrator oversight to ensure timely and accurate delivery of NAVs by service providers.
Collaborate with offshore team members and local auditors to review fund financial statement processes and reports. This includes agreeing content, planning and execution of the accounts and audit in an efficient and robust manner.
Operational risk review of distribution calculations in accordance with fund offer documents, internal policies and procedures as well as Product Tax directions.
Supporting multiple internal and external partners over the course of the year that will equire strong interpersonal capabilities and an ability to understand third party requests and deliver solutions.
Ensure the maintenance of a robust control environment both at the fund service providers and internally to mitigate the risk of errors. Where appropriate, identify global consistency in approach and adherence to standard methodology and policies and procedures. Provide input and drive to enhance the framework.
Partnering with the client facing business to meet requirements from BlackRock clients.
Drive increased efficiency and innovation through continuous review of operating procedures and planning / evaluating technology improvements. This involves building a network with Fund Administration teams in APAC, the US and EMEA as well as other operational teams such as product development, investment operations and portfolio managers.
Validation of fees, rebates and other charges to the Funds and BlackRock.


5+ years of investment / fund accounting / public accounting (audit) work experience or equivalent.
Bachelors’ degree in Accounting (strongly preferred) or Finance. CPA/CFA/CIMA/ACA, ACCA or equivalent is preferred but not essential.
Experience in the preparation and review of Australian trust distributions including taxation of financial arrangements (TOFA) requirements and being able to articulate the key drivers behind tax results.
Excellent attention to detail and written and verbal skills.
Accurate and effective accounting skills including knowledge of GAAP and financial reports.
Expertise in fund valuation as well as associated reporting and administrative requirements including anti dilution mechanisms, performance fees, shareholder taxation and hedged share classes.
Sound analytical and problem solving skills.
Solid influencing skills.
Ability to lead projects and team members and deliver to agreed upon timelines.
Fluent in Microsoft Office products, emphasis on Excel.
Ability to work in a team orientated environment.

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 pilot

BlackRock’s current hybrid work pilot is designed to help you experience the best of both worlds: the opportunity to connect with colleagues in person and the flexibility to work remotely, with greater time to focus on what’s important to you. In line with local health guidance and regulations, employees are generally expected to work 3 days in the office and 2 days from home (on average) each week. For some business groups, more time may be required in the office, while greater flexibility may be in place for others. Our “One BlackRock” culture means you’ll be supported to collaborate with your new colleagues while bringing your full self to work – wherever you are.

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, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.

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