SanFranRecruiter Since 2001
the smart solution for San Francisco jobs

Transition Services Associate

Company: BlackRock
Location: San Francisco
Posted on: April 11, 2021

Job Description:

DescriptionAbout this roleBusiness Unit Overview:The Transition Services function provides operational support for BlackRock's Transition Investment Management Team who manage revenue generating client portfolio restructure events in the US, EMEA & APAC regions. The team also provides a crucial role in supporting new client business wins across multiple investment strategies for the firm, including BlackRock product driven and strategic projects. Job Purpose/Background: The successful individual will work within an established team in San Francisco. The team is responsible for facilitating cash and free-of-payment security transfer activities, in-kind contributions and redemptions for Collective Trust Funds, stand alone accounts and Retail Funds. Coordinating these various activities will see the successful candidate work in a "project manager" style in order to ensure the transition event is completed within the scope and timeframes required. The function is positioned within the Business Operations - Global Investment Operations - Transaction Management function. Key Responsibilities:

  • Liaison with custodians and other fund management houses to ensure BlackRock has accurate information for client portfolios during the transition process to enable a smooth and timely event completion.
  • Update of BlackRock internal systems to reflect security and cash transfers.
  • Provision of instructions to Custodians, Fund Accountants and Transfer Agents to execute position movements, as required.
  • Provision of information, and assistance, to Transition Managers and other Portfolio Managers to enable them to manage client investments in a risk controlled and efficient manner.
  • Monitoring the settlement of free-of-payment trades and cash movements on client and Collective Trust Fund accounts.
  • Ensuring the accurate tracking of corporate actions, loan returns and other in-flight trades taking place during transition activities.
  • Liaison with Portfolio Compliance and Financial Crime teams to ensure that BlackRock is not in breach of regulatory, market, company or client guidelines.
  • Attendance at client, consultant, custodian, internal meetings, conference calls and, where necessary, the initiation and lead thereof.
  • Accurate recording and information retention for MIS, audit and regulatory purposes.
  • Management and upkeep of BlackRock transition counterparty and provider relationships.
  • Review and challenge of existing procedures to improve and rationalize where possible in response to a frequently changing environment and requirements. Knowledge/Experience:
    • Transition Management business and associated processes
    • Collective Trust Funds / Mutual Fund and related in-kind activities
    • Free-of-Payment (FoP) trades, FoP SWIFT messaging and the transaction lifecycle
    • Stamp Duty markets, Stamp Flags, Financial Transaction Taxes, in-kind fees and the collection thereof on FoP trades
    • Cash & stock reconciliation processes and their importance during transition events
    • Market transferability rules, Corporate Actions and their possible impact upon the transfer of assets Skills/Qualifications:
      • Meaningful proven experience in the transitions or custody industry and/or BS/BA in Finance, Accounting, Economics or a related field
      • Excel - Intermediate level
      • Self-starter who enjoys operating in a fast-paced, high-intensity environment, who can work as part of a distributed team.
      • Creative individual, who possesses a passion for problem solving, is numerically proficient, has outstanding analytical skills and can think creatively
      • Possess a results-oriented drive and technical insight to identify control gaps and drive operational improvement initiatives. Proficiencies:
        • An ability to work in collaboration with the distributed team
        • Strong interpersonal skills, both written and oral
        • Thorough attention to detail
        • The ability to multi-task, work to challenging deadlines and prioritize while staying focused on risk mitigation
        • Must have strong time management skills to meet critical deadlines in a fast- paced environment Ongoing Development:
          • Extensive training opportunities within the BlackRock framework.
          • Exposure to a full array of asset types (equity, fixed income, derivatives, pooled funds, ETFs, cash) and BlackRock products providing product knowledge opportunities.
          • Extensive interaction with multiple internal and external partners including On-Boarding, Corporate Actions, Portfolio Compliance, Trade Operations, Cash & Stock Reconciliations, TRIM Restructure Portfolio Managers, various other Portfolio Manager groups, Strategic Product Group, Performance and Accounting Functions, Custodians, Transfer Agents and on some occasions Clients. Our benefitsTo 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. 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 careers.blackrock.com - - Instagram: - Twitter: - 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.We recruit, hire, train, promote, pay, and administer all personnel actions without regard to race, color, religion, sex (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), sex stereotyping (including assumptions about a person's appearance or behavior, gender roles, gender expression, or gender identity), gender, gender identity, gender expression, national origin, age, mental or physical disability, ancestry, medical condition, marital status, military or veteran status, citizenship status, sexual orientation, genetic information, or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses.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.

Keywords: BlackRock, San Francisco , Transition Services Associate, Accounting, Auditing , San Francisco, California

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category
within


Other Accounting, Auditing Jobs


Accountant
Description: Company Description br br Have you ever worked for a company that actually wanted you to bring your whole self to work every single day br br About Tradeshift br br Tradeshift is a unicorn (more...)
Company: Tradeshift
Location: San Francisco
Posted on: 04/12/2021

Equity Research Associate - Software
Description: Job DescriptionImportant Note: During the application process, ensure your contact information email and phone number is up to date and upload your current resume when submitting your application for (more...)
Company: Wells Fargo
Location: San Francisco
Posted on: 04/12/2021

Chief of Audits, CalRecycle
Description: Job Posting: Chief of Audits, CalRecycle Department of Resources Recycling Recovery JC-245861 - Chief of Audits, CalRecycle br SUPERVISING MANAGEMENT AUDITOR Final Filing Date: 4/16/2021 Application (more...)
Company: State of California
Location: Sacramento
Posted on: 04/12/2021


First Year Tax Professional
Description: What you'll do... br br Joining H R Block as a First Year Tax Professional means you'll have the support of an expert team, dedicated to providing you with the advanced tax training you'll need to (more...)
Company: H&R Block
Location: San Francisco
Posted on: 04/12/2021

Fund Controller
Description: Ref ID: 00908185Classification: ControllerCompensation: DOEIf you are interested on applying for this position. Please view my Linkedin under Jayvelle Castaneda and email your resume. Our client is a (more...)
Company: Robert Half
Location: San Francisco
Posted on: 04/12/2021

Accounting Advisory Associate II (San Francisco, East Bay)
Description: BPM Overview br br What does BPM stand for Innovation, opportunity, community, diversity, inclusivity, flexibility and so much more. br br B-P-M stands for Because People Matter, because at (more...)
Company: BPM LLP
Location: San Francisco
Posted on: 04/12/2021

Sales Operations Business Partner (Financial Services + Salesforce)
Description: Sales Operations Business Partner br HIGHLIGHTSLocation: San Francisco or BostonPosition Type: Direct HireHourly / Salary: 120K plus 20 bonus potentialResidency Status: US Citizen or Green Card Holder (more...)
Company: GTN Technical Staffing and Consulting
Location: San Francisco
Posted on: 04/12/2021

Controller
Description: br br Job Title: Controller br Location: San Francisco br Internal Job ID: 483744 br br Our long-established fashion/clothing
Company: Addison Group
Location: San Francisco
Posted on: 04/12/2021

Certified Public Accountant
Description: La Cooperativa Campesina de California LCCdC , a 501 c 3 nonprofit, is seeking audit services for its annual single audit for its federal, state and local grants. The audit period is January 1, 2020 (more...)
Company: La Cooperativa Campesina de California
Location: Sacramento
Posted on: 04/12/2021

Finance Manager
Description: Job Overview: We are a unique series A startup, with a team and customer base of inquisitive/inspiring folks, and we're looking to add a Finance Manager to our team. This role is intended for someone (more...)
Company: Pando
Location: San Francisco
Posted on: 04/12/2021

Log In or Create An Account

Get the latest California jobs by following @recnetCA on Twitter!

San Francisco RSS job feeds