About This Role

This role sits within Preqin, a part of BlackRock. Preqin plays a key role in how we are revolutionizing private markets data and technology for clients globally, complementing our existing Aladdin technology platform to deliver investment solutions for the whole portfolio.

You will be joining the world's leading data and insights provider for the alternatives assets industry. We empower the finance community with comprehensive data and expert insights, so they can make faster and smarter investment decisions with precision and confidence. We are a forward-thinking company and strive to make an impact by enabling our customers to envision future possibilities, invest in ideas and infrastructure that build strong communities.

Team

Business Integrity team within the broader treasury department is a group of dedicated professionals who are essential to the Treasury operations by ensuring that all Private Equity cash data is accurately settled and reconciled for processes including accounting, client reporting, analytics, compliance, and regulatory. We provide information services and solutions in supporting this business. The roles and responsibilities will include actively handling risk and exposure for BlackRock by ensuring the ledger book of record is reconciled with the custodian daily and act as a control function. Given the critical nature of cash management, it is crucial to maintain comprehensive visibility over all transactions to ensure that obligations to clients and their investors are consistently met. The role requires an understanding of the mechanics of the reconciliation process, exception management, troubleshooting issues, driving innovative enhancements, data analysis, maintaining documentation, assisting management in leading processes, and recommending improvements to ensure efficient and accurate processes.

Key Responsibilities

Lead and develop a team to deliver high-quality outputs in accordance with SLAs.
Provide senior-level oversight whilst, preparing, and/or reviewing reconciliations between internal systems (Ledger) and custodian statements across multiple accounts for various clients. Includes researching differences and resolving them in a timely and accurate manner
Serve as a point of escalation for complex operational issues and client reporting challenges.
Completing day-to-day assigned tasks; including, control reports, cash break resolution, inbox and dashboard monitoring and escalation of outstanding exceptions.
Address inquiries from internal & external teams, perform controls, resolve problems, and mitigate risks for clients and internal BlackRock teams.
Participate in various efficiency and capacity-building initiatives, including automation/ standardization efforts
Collaborate with cross-functional teams to support operational efficiency and automation initiatives.
Build and maintain strong relationships with internal stakeholders across Alternatives Client Services & Reporting, Fund Accounting, Insight and Treasury teams.
Develop expertise around team control mechanisms and reporting.
Constantly evaluate process and procedures for inefficiencies and make recommendations for improvement. Act as a change-management agent to consistently improve the quality control environment and develop standard methodologies.
Raising all material risk items and service issues on a timely basis.
Mentor, coach, and develop team members to foster a high-performing and growth-oriented team culture. Maintain accurate process documents.
Able to demonstrate ability to self-improve and develop. Understand the impact of exceptions on upstream and downstream partners.

Skills Required

Able to thrive in a culture of excellence, innovation, communication, and accountability, where all members of the team are motivated to go above and beyond and think globally and creatively.
The ability to prioritize and balance multiple requests without losing sight of our overall objectives.
You possess strong decision-making skills to make well-thought-out decisions based on the information provided and to obtain further assistance/clarification when needed.
Attention to detail to ensure a high degree of accuracy for all results.
Ability to take the initiative to follow up on issues identify what needs to be done and take action.
You are organized and detail oriented with strong time management skills.
Have interpersonal skills to effectively articulate solutions to internal and external partners.
Thrive in a team environment and build strong relationships with colleagues and external contacts.
Keen to learn about private markets in one of the fastest growing business areas of BlackRock

Qualification & Knowledge

57 years in operations, data management, accounting, or administration, with a focus on alternative investment funds. With proven experience in a Reconciliation operations role.
Preferred 1-2 years of experience in people management.
Deep understanding of alternative investment products preferably Private Equity and its fund structures and interactions.
Bachelor's degree or equivalent experience, preferably with a concentration in Accounting, Finance, Business, Economics or similar field
Proficient in Microsoft Office with emphasis on advanced excel skills and have the acumen for learning new applications.
Preferred skills in Data Analytics and/or understanding of data science methods & implementation.

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 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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