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BlackRock Fund Accounting Analyst - EDI | BlackRock in Edinburgh, United Kingdom

Fund Accounting Analyst - EDI | BlackRock

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Fund Accounting Analyst – EDI

Edinburgh, GB

Investment Operations – Investments

About BlackRock

BlackRock’s business is investing on behalf of our clients, from large institutions to parents and grandparents, doctors and teachers who entrust their savings to us. We are committed to our clients—period. Our promise is to offer them the clearest thinking about what to do with their money and the products and services they need to secure a better financial future.

That’s why investors of all kinds have made us the world’s largest asset manager, entrusting us with trillions of dollars, and it’s why companies, institutions and global governments come to us for help meeting their biggest financial challenges.

Job description


About this role

Team Overview

We are seeking a hardworking, ambitious learner, with strong work ethics who can adapt to a fast-paced group in a dynamic and consistently evolving environment. You will be able to demonstrate initiative with a commitment to succeed both as an individual and as a great teammate. Your experience of people management and coordinating time critical processes are important too. You will also demonstrate a commitment to technical excellence, flexibility and the ability to handle multiple activities and deadlines. As a good communicator you will use your influencing skills to develop strong collaborative working relationships with key internal and external partners.

Ideally, this role would suit people with backgrounds in Fund/Investment accounting, Accountancy and Provider Management. Excellent communication and interpersonal skills to work with our business, providers and all levels of personnel within BlackRock are a requirement. This role provides real opportunities to collaborate with and work alongside the product groups and the chance to develop career paths into other Operating Teams or into the product or client facing business areas.

The position reports to the manager of the team and is part of a larger team of fund accounting professionals

Role Responsibility


  • Manage the Fund price spread process including the monitoring of regular spreads and the application of special dealing spreads

  • Monitor reconciliations produced by third party administrators and collaborate with them and other BlackRock departments to ensure that there is timely resolution of breaks

  • Contribute to the preparation of reports to fund boards and management committees

  • Take responsibility to ensure tasks and activities undertaken meet the requirements of the regulatory regime and that any exceptions/breaches are reported to line management immediately

  • Develop knowledge of fund accounting requirements of particular fund ranges and understanding of specific fund types/ranges. Work with other Fund Administration teams on fund specific activities for example fund distributions, Report and Accounts preparation, collation of data for internal reporting

  • Proactively build and maintain relationships with providers and other areas within BlackRock, liaising closely with them to ensure the service is delivered and that any queries/problems/issues are dealt with in accordance with agreed standards and in a timely, accurate and complete manner Carry out continual development of pricing and monitoring processes to optimise efficiency, mitigate risk and incorporate business and product changes. Ensure the procedures are maintained in line with all current practices

  • Prepare key performance indicator data and management information for regular reports to management

  • Be aware of product, business and regulatory changes and actively seek involvement in the resultant initiatives and projects


BLK’s provider relationships:

  • Focus on the financial aspects of the relationship between BLK and third party providers, encompassing the full range of services delivered, become a main point of contact within BLK, including fee modeling, scenario analysis and RFPs

  • Liaise with BLK Finance and business heads to prepare annual plan for provider spend, ensuring that all business change impacts / new business are understood, considered and aligned into plan

  • Produce monthly reports including appropriate analysis and commentary on the provider financials, investigating thoroughly all material variances to forecast, to plan, and month-on-month

  • Review and undertake monitoring activities over all invoices received from providers, ensuring that invoices reflect agreed tariff and activity, and look to streamline processes where necessary

  • Ensure all relevant payments are made within timeline

  • Maintain procedures for all 3rd party provider fees

  • Monitor Service Credit process, including calculation and collection of payment

  • Maintenance and ongoing development of Fee Billing Database, initiating and supporting improvements when necessary

  • Measure provider performance against SLA, collating service management data

  • Work with providers, striving to constantly improve service


Knowledge and Experience

  • Experience in an operational/accounting role, ideally in a fund management environment.

  • Demonstrate a level of technical knowledge across a range of investment instruments, fund types and products.

  • Understand the relevant regulatory environment

  • Demonstrate a risk focus and understand the importance of identifying potential risks and of reporting risks to management and other relevant parties

  • Numerate and ability to demonstrate a high level of attention to detail Understand the importance of customers /providers to BlackRock and be able to work closely with others to meet objectives

  • Prepared to take initiative, work flexibly to help the team achieve its goals, and respond positively to change.

  • Ability to identify problems and incidents, work actively with others to resolve them and raise issues appropriately

  • Takes responsibility for the completion of own work in line with agreed procedures and to the highest standards of quality and timeliness

  • Demonstrates team spirit, assists colleagues and perform tasks that do not usually fall within his/her responsibilities.

  • Demonstrates an ability to manage a working relationship with providers, is prepared to raise issues and communicate with all levels.

  • Ensures accurate record keeping of work and files documents in a way so that they are easily retrieved.

  • Able to handle and resolve conflicting priorities.

  • Has an understanding of the Finance industry and with a willingness to learn.


  • An innovator who actively seeks to generate ideas that deliver scale, commercial benefits, client service, or control improvements.

  • Excellent communicator with strong influencing skills together with an ability to build and maintain relationships both internally and externally.

  • Strong teammate, self-starter, who develops a positive working environment to find ways to partner and effectuate a coordinated approach to tasks.

  • A strong project manager who is able to effectively prioritize workloads and adhere to deadlines.

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 September 30, 2019, the firm managed approximately $6.96 trillion in assets on behalf of investors worldwide.

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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.

Job requisition #


Team background

BlackRock is proud to be an Equal Opportunity/Affirmative Action Employer. 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 EEO is the Law poster here at and its supplement here at . The pay transparency policy is available here at .

BlackRock is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to and let us know the nature of your request and your contact information.