Job ref no.: CT3116513-01#0455

Fund Administration Associate


BlackRock 311 reviews -Hong Kong BlackRock helps investors build better financial futures. As a fiduciary to our clients, we provide the investment and technology solutions they need when planning for their most important goals. As of March 31, 2018, the firm managed approximately $6.317 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit | Twitter: @blackrock | Blog: | LinkedIn: .

Job Description:
Technology & Operations
Fund Administration are part of Global Accounting and Product Services (GAAPS) within Technology and Operations at BlackRock.
Team Overview
Fund Administration is responsible for establishing accounting policy, overseeing financial reporting, and managing product operational infrastructure for BlackRock's commingled funds domiciled in Asia Pacific. Fund Administration team also support APAC retail initiatives, vendor oversight and product lifecycle events.
Role Responsibility
Verification of the accuracy of fund prices provided by service providers.
Ensure that the NAV Oversight approach by the team is consistent with global best practice for control, oversight and management of vendors in the production of fund asset valuations. Where appropriate provide input and drive to enhance such processes.
Maintain strong relationships with the Fund Administration teams in Australia, Japan, Korea, Taiwan and EMEA, ensuring consistency of processes and optimal use of resources to provide various control and administrative duties (such as daily NAV review, tolerances checks, invoicing, etc.) so as to achieve complete and robust oversight of vendors and specific fund processes.
Build strong relationships with contributing business areas within BlackRock to improve the processes around new system functionality, fund launches and product changes. Maintain a strong working relationship with the Aladdin & Technology, Strategic Product Management and New Product Services Groups.
Build strong relationships with internal business areas and those at the service providers to ensure timely and efficient delivery of accurate fund valuations eg Transfer Agent Services, Trade Operations, Reconciliations, Portfolio Engineering.
Provide an authoritative source of business, industry and technical accounting expertise on functional and process requirements; manage change for key initiatives that impact across processes and people.
Represent BlackRock in the Hong Kong marketplace and where applicable and possible, participate in relevant industry working groups.
Ensure compliance with all relevant BlackRock policies and regulatory requirements across all Products.
Key BlackRock contact point for outsourced fund administration vendor relationships.
Know and understand the BlackRock fund structures and investments held.
Preparation of internal MIS reporting as well as the review of reporting provided by service providers to monitor performance against SLA’s and identify areas of risk or improvement.
Assist in the co-ordination and review of Financial Statements and in managing local audits.
Assist in the co-ordination of the fund distributions including the construction of a time table and arrangement of reviews.
Validation of fees & rebates calculated by outsourced providers as well as external expenses such as custody related fees.
Assist the EII Capital Markets Group in supporting Primary Market Participant requirements.
Address ad hoc queries from other BlackRock business units.
Contribute to Board or Committee reports reflecting operational developments, issues and actions and represent operations at board meetings and any specific sub-committee operating groups, as required.
Relevant recognised qualification (ACCA, ACA, CIMA, CPA, CFA), or equivalent years-served industry experience preferred.
5+ years post-qualification experience in the Mutual fund industry with fund accounting focus and exposure to retail, institutional and cash product.
Experience with exchange traded funds a benefit, including the creation and redemption process, but not compulsory.
Expertise in fund valuation as well as associated reporting and administrative requirements including specific knowledge of Hong Kong product issues such as anti-dilution mechanisms, performance fees, hedged share classes. Experience of UCITS products and administrative requirements would be an advantage.
Proven experience in operating effective control processes.
Thorough understanding of the fund valuation and associated transaction lifecycle and key control frameworks.
Strong understanding of investment processes and controls across all product structures.
Proven strong prioritisation skills and the ability to manage differing requirements from multiple ‘clients’.
Strong ability and track record in determining and implementing change management to processes and products.
Proven ability to develop practical and pragmatic solutions through a ‘hands on’ approach.
Strong team player with excellent interpersonal skills.
Demonstrated ability to work with a broad range of functions within and outside of the business to deliver key initiatives
Can work effectively within a small team and also across several larger teams.
Initiative, drive and enthusiasm. Ability to motivate self through times of change.
Excellent attention to detail.
Excellent verbal and written communication capabilities – ability to interact with all levels, including directors, industry groups, business heads and the firm’s senior management.
Able to speak English, Cantonese, and Mandarin

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More job information
Job ref no. CT3116513-01#0455
  • N/A
Job Function
Employment Term
  • Full-time
  • 5 years - 10 years
Career Level
  • Non-management level
  • N/A