Investment Accounting Associate - LON
London, England, GB
3d ago

About this role

Are investment accounting and client service your areas of expertise? Do you love building positive relationships, juggling changing priorities and being on the pulse of industry changes?

Would you like to use your know-how to make a difference day in and day out at the world's largest asset manager? Look no further.

BlackRock is pursuing an Accounting Associate to become a part of our team. We recognize that strength comes from diversity, and will ensure your rare skills, eagerness, and passion while giving you freedom to grow professionally and as an individual.

We know you want to feel valued every single day, and be recognized for your contribution. At BlackRock we strive to empower our employees and actively engage your involvement in our success.

With over USD $6 trillion of assets we have an extraordinary 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. You should join us and experience what it feels like to makes a difference.

Business Unit Overview :

BlackRock EMEA GAAPS (Global Accounting and Product Services) has responsibility for audits, financial documents and NAV reporting for Real Estate funds with over £6BN AUM and growing.

As a team member, you will support data from the property manager into the accounting system (Yardi) handle bank accounts, pay invoices and produce financial reports in house or via external administrators.

The team assists in regulatory / legal / tax issues and supports the property investment teams through technical accounting knowledge.

Job Purpose / Background :

We are recruiting for a financial professional within GAAPS Real Estate Fund Accounting. The role includes :

  • Leading the invoice payment process from checking, on-line approval to payment release.
  • Monitoring bank accounts, preparing bank recs, keeping a strong control environment
  • Assisting with the preparation of the monthly pricing pack of UK funds (c. £4.5bn AUM) and monthly distribution packs for underlying sub-trusts
  • Accounting for property investments in accordance with IFRS / FRS 102
  • Producing / running financial reporting at property and fund level
  • Checking reports from property manager, performing variance analysis, monitoring debtor and cash balances
  • Key Responsibilities :

    You will be part of the team responsible for the UK Fund range within Real Estate. Specific responsibilities include :

  • Posting accurate journal entries into Yardi system to ensure financial records are accurate.
  • Review of quarterly management accounts, including supporting schedules, checking variances.
  • Production of financial documents and working with auditors (PWC) on audit and financial statement approvals.
  • Working with external administrators to ensure proper accounting records are kept Propco and Holdco level.
  • Following procedures and keeping strong controls, identifying improvements to processes.
  • Building strong relationships with the internal Real Estate teams, especially Portfolio and Asset Management
  • Knowledge / Experience :

    Knowledge of UK Real Estate fund accounting required (e.g. an understanding of UK investments held in offshore vehicles such as JPUT's, Baker Trusts etc)

    Experience in the real estate or financial industry combined with analytical / problem solving skills (Business Insight)

    Dealing with unit pricing, NAV production, and calculation of distributable income for investors in relation to directly held real estate assets

    Familiarity with Real Estate valuation concepts that enable registered valuers to value according to RICS red book rules

    Able to work independently and handle several tasks, and to plan workload in order to meet reporting deadlines

    Computer literacy (e.g. MS Office, Excel, Yardi, other real estate accounting packages).

    Skills / Qualifications :

    A minimum of 3 years accounting experience, preferably in real estate investment or in financial services

    Knowledge of statutory accounting on IFRS / FRS102, UK Companies Act, LLPs.

    Experience in Financial Statement preparation and dealing with Auditors

    Knowledge of statutory regulations such as Non Residents Taxation, UK Corporation Tax, UK VAT, CIS

    Strong interpersonal and communication skills.

    Good written and spoken English language skills

    Accounting qualification (e.g. ACA, ACCA or CIMA equivalent) preferred

    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, 2019, the firm managed approximately $6.84 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit Twitter : blackrock Blog : 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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