Director Investment Accounting Services-Derivatives – Princeton

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

Join leading Investment management company BlackRock as Director Investment Accounting Services-Derivatives in Princeton, US. refer job details to submit BlackRock job application in Princeton.


Job Title : Director Investment Accounting Services-Derivatives

Location : Princeton, US

Job Category: Investment Operations – Investments



About this role

Are you an Investment Accounting professional searching for a significant and multifaceted opportunity and pride yourself on building positive relationships, developing process solutions and bringing strategic visions to fruition? Look no further. We recognize that strength comes from diversity, and will accept your rare skills, eagerness, and passion while giving opportunity to grow authoritatively and as an individual.
We want our employees to feel valued every day in what they do. That’s why at BlackRock we strive to empower our employees and engage in their involvement in our success. With over USD $10 trillion of assets we have an outstanding responsibility: our technology and services empower millions of investors to save for retirement, pay for college, buy a home and improve their financial well-being. Join us and experience what it feels like to be on a winning team that makes a positive difference!
Business Unit Overview
The Investment Accounting Group (IAG) provides accounting and regulatory data services to over 25 insurance clients. Our Accounting Services include the preparation and oversight of monthly accounting packages and support schedules, including regulatory and statutory reporting. As well as working with clients, the IAG team also supports client changes through corporate and other developments which impact on our services. IAG is currently embarked on an exciting program to develop our accounting platform and to extend asset class coverage.
As our business continues to grow, we are looking for outstanding talent, technical skills and knowledge to maintain the depth. We are recruiting for a financial accountant with a broad knowledge of derivatives and accounting skills across multiple basis. This role is an excellent opportunity to join a highly commercial area, client interaction and partner with teams across BlackRock. The role offers excellent opportunities for professional development with an outstanding career path. The services provided to our clients offer opportunities for further learning. This role can be based in our Princeton, NJ or Wilmington, Delaware locations.
Key Responsibilities

Develop a thorough knowledge of BlackRock’s capabilities, products and services for insurance companies
Keep abreast of and effectively communicate the implications of the evolving regulatory landscape and new accounting pronouncements to ensure compliance by our insurance company, across multiple bases of accounting i.e. IFRS, US Statutory, US GAAP, etc.
Develop and manage derivative investment reporting for clients and prospects, informing and leading the implementation of client mandates with effective planning and use of resources
Support business growth, implementation of new clients, and client retention within the insurance sector working in partnership with other BlackRock teams
Act as a subject matter expert for all derivative types as it relates to setup, process in compliance with accounting guidelines
Represent derivatives accounting on cross-functional projects and working groups in support of delivering key business and client objectives
Contribute to the continual development of the investment reporting production and control processes to optimise efficiency, mitigate risk and incorporate business and product changes, ensuring procedures are maintained in line with all current practices
Work with vendor partners to ensure that our development priorities are clearly stated and champion the completion of each
Provide expert-level support on in person and phone conversations with clients on derivatives-related matters
Conduct periodic training with the Investment Accounting Team on new derivatives strategies, product types, and accounting changes

Knowledge / Experience

A strong understanding of the current requirements of the accounting standards and regulatory requirements as they apply to the insurance sector
A solid financial background and understanding of how derivatives are used to achieve overall financial objectives
Excellent knowledge of the business models of insurance companies including the regulatory and accounting constraints under which they operate and the local application of insurance regulation under various accounting basis
Derivatives expert-level knowledge including:

Product specific knowledge of options (including swaptions, collars, etc), swaps (including FX, Credit Default, Variance, Total Return, Interest Rate, Inflation), FX forwards, futures
Familiarity with various derivatives trading strategies including: hedge accounting (general and qualified), Income Generation, RSAT, etc.
Understanding of cleared derivative mechanics (daily cash/valuation movements and accounting treatment by basis)
Familiarity with derivatives specific financial reporting and disclosures

A pro-active interest in keeping up to date with industry, accounting standards and client product changes
The ability to communicate effectively and form strong relationships with clients and internal partners
Ability to multi task and balance multiple requests without losing sight of overall business objectives and deadlines
Demonstrated knowledge of Microsoft Office products – Excel, Word, PowerPoint
The role would suit a qualified accountant (CPA, ACA, CIMA or ACCA); experience and knowledge of the insurance sector beneficial (not a requirement)
Experience working with automated accounting and front/middle office applications including State Street PAM accounting system and BlackRock Aladdin beneficial (not a requirement)


BS Degree in Finance or Accounting
10+ years of related work experience

Development Value:

This role provides opportunities to join a highly commercial area, working directly with clients and alongside colleagues in BlackRock Solutions, Technology & Operations. The role presents opportunities for continued professional development with a career path within the Investment Accounting Group, or into other operating teams or client-facing business areas. The products and services provided to our clients offer individuals opportunities for further personal learning, both in terms of the product types and accounting complexities, as well as the ongoing development of technical strengths.

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 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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