Associate

About this role

Company: BlackRock Financial Management, Inc.

Job Title: Associate

Location: 50 Hudson Yards, New York, NY 10001

Job Duties: Define and execute product strategy for investment accounting software by leading agile roadmap planning and delivering innovative software solutions that simplify client problems and support regulatory-compliant workflows. Interpret and translate NAIC regulatory requirements into detailed functional specifications and specialized product features that support the full investment accounting lifecycle for U.S. insurance entities. Partner with engineering to design and implement scalable solutions aligned with NAIC statutory accounting principles, statutory reporting, and risk-based capital compliance. Collaborate with engineering teams to define data mapping, validation rules, and transformation logic for fixed income, equity, and derivative instruments for the investment accounting platform. Partner with UX designers and software engineers to conceptualize and deliver intuitive, user-friendly interfaces for investment accounting professionals, iterating user flows and interface designs that align with client workflows. Define and implement the control framework based on knowledge of NAIC STAT reporting, GAAP and other basis to ensure the accuracy, completeness, and consistency of accounting data in reporting layers. Work as product evangelist with the Product Marketing Team to build awareness and understanding of the product to increase product adoption and gather user feedback to inform future product development. Lead the integration and management of security master file data, ensuring accurate ingestion and transformation of financial instrument attributes into the investment accounting platform. Analyze and interpret complex financial data structures to support accurate accounting treatment and reporting within the software. Produce key artifacts, including business and functional requirement documents, user acceptance test plans and test cases. Write user stories and release notes.

Qualifications: Bachelor’s degree in Economics, Finance, Management, Accounting, Political Science, or a related field and three (3) years of experience as an Analyst, Business Analyst or a related role in product management or business analysis within the investment accounting, financial services, or insurance technology industry. Must have three (3) years of experience with: Front, middle, and back-office integration touch points in the Financial Services Industry; Product and software development lifecycles including creating product road maps; Integrating usability studies, research, and data analysis into business product requirements; Preparing business requirements documentation (BRD) based on data-driven insights in accordance with regulations and internal policies; Experience using UX prototyping tools including Figma to iterate on user flows, wireframes, and interactive prototypes; Experience with Agile Development Toolchains including Aha!, Azure DevOps, and JIRA; Experience with Structured Query Language (SQL) for Financial Data Extraction and analysis; Experience with Business Intelligence Tools including Power BI and Tableau for Operational and Financial Reporting Dashboards; Defining test plans and scenarios with QA teams and supporting automated regression testing for investment accounting workflows; and Experience working with cloud-based financial data architectures including Snowflake and AWS, and APIs for accounting data ingestion and transformation. Must have two (2) years of experience with: Accounting treatment for investment instruments and impact to financial statements; Accounting system architectures and core components, including integration of security master file data for different asset classes; Investment accounting and performance reporting cycles, operational processes, quality controls and workflows; Experience working with financial platforms that provide Investment Book of Record (IBOR) capabilities, such as Aladdin, SimCorp, or equivalent enterprise systems; and Knowledge of and ability to translate NAIC Statutory Accounting Principles (SAP) and Risk-Based Capital (RBC) Reporting into iterative product improvements for insurance clients, maintaining compliance in rapidly evolving statutory frameworks.

To apply, please click “Apply” on this webpage.

For New York, NY Only the salary range for this position is USD$147,500.00 - USD$162,500.00 . 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.