Institutional Accounting, Director

Overview

Lead the derivative accounting capability within BlackRock's Investment Accounting Group, supporting monthly close, client delivery, controls and process enhancements while leading and developing a team of investment accounting professionals.

What you'll do

• Lead, coach, and develop a team of investment accounting professionals, building derivatives expertise and maintaining high standards of client service and delivery.
• Serve as a derivatives accounting expert for clients and internal stakeholders, providing clear guidance on complex derivative products, strategies, accounting treatments, and emerging accounting changes.
• Lead derivatives accounting controls and quality standards in partnership with the Investment Controllers Team, ensuring accurate reporting and alignment with internal, external accounting, and audit requirements.
• Support implementation of clients to new Aladdin Accounting platform, ensuring that journals and reporting is accurate for derivatives.
• Represent derivatives accounting on cross-functional initiatives and working groups, bringing client and accounting perspectives to key business objectives, product enhancements, and strategic priorities.
• Drive and prioritize enhancements across investment reporting, controls, procedures, and processes to increase efficiency, mitigate risk, and support evolving business, client and product changes.
• Build trusted client relationships by providing expert support on derivatives-related matters and translating complex accounting topics into practical solutions.
• Help lead the monthly accounting close.

What you'll need

• Qualified accountant (CPA, ACA, CIMA or ACCA).
• 15+ years of financial/accounting work experience with invested assets.
• 5+ years of supervisory experience, with demonstrated ability to lead, manage, coach, and develop teams.
• Strong understanding of investment accounting principles, controls, reporting, and relevant accounting frameworks, including Generally Accepted Accounting Principles (GAAP), statutory accounting, and International Financial Reporting Standards (IFRS).
• Derivatives expertise across options, including swaptions and collars; swaps, including credit default, variance, total return, interest rate, and inflation swaps; foreign exchange forwards; futures; cleared derivatives; and relevant hedging and income-generation strategies.
• Experience working with automated accounting and front/middle office applications.
• Strong client and stakeholder communication, judgment, attention to detail, and project-management skills, with the ability to make well-informed decisions and drive complex initiatives.

Nice to have

• Experience and knowledge of the insurance sector.
• BlackRock Aladdin knowledge.

Details

• Location: Mumbai, India.
• Hybrid work model: 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 office time.