Associate, Alternatives Fund Accounting - Delaware

About this role

GAAPS Alternatives | Associate NAV Oversight | Wilmington

About BlackRock

Elevate your career by joining the world's largest asset manager! Thrive in an environment that promotes positive relationships and recognizes outstanding performance! We know you want to feel valued every single day and be recognized for your contribution. At BlackRock we strive to empower our employees and actively engage your involvement in our success. With over USD $9 trillion of assets we have an outstanding responsibility: our technology and services empower millions of investors to save for retirement, pay for college, buy a home and improve their financial well-being.

Team Overview

Position within the Alternatives Accounting and Product Controllers team being responsible for BlackRock’s Alternative's business. As an experienced professional, this position supports a complex and fast-paced alternative investment fund business in a dynamic and challenging environment.

Alternative Investments is a strategic focus for the firm and this position will be part of a core accounting team in Wilmington, DE focused on Closed End Alternative Funds. The position offers significant growth opportunities both organically as the firm expands our product offerings, specifically in the Closed End Space, as well as opportunities to be involved in ongoing platform wide projects.

Role Responsibilities

• Demonstrate complete ownership of the day to day accounting and administrator oversight to ensure timely and accurate delivery of reporting to LPs

• Interact with multiple internal and external partners over the course of the year requires strong communication skills and ability to understand third party requests and deliver solutions to meet those partner needs

• Ensure a robust control environment exists both at the fund service providers and internally to ensure risk of error is mitigated

• Oversee regulatory compliance with SEC, NFA, and other regulations for product’s under the individual’s purview

• Recalculate management fee and carried interest in accordance with fund legal documents and report associated revenue to corporate controllers team

• Responsible for engaging with audit team around complex accounting topics and successful planning, coordination and completion of audited financials each year

• Communicate performance results to investors and resolve investors’ questions.

• Participate in investor due diligence meetings, as required for product set, and explain the controls in place to ensure accurate reporting to clients is achieved

• Field custom reporting requests and projects for investors and/or business specific needs and develop reporting to deliver back to clients/partners

• Drive increased efficiency and innovation through continuous review of operating procedures and planning / evaluating technology enhancements.

Experience

• 3-5+ years of investment / fund accounting / public accounting (audit) work experience or equivalent, including review experience for at least a portion of that time.

• Bachelors’ degree in Accounting (strongly preferred) or Finance. CPA a plus.

• Excellent attention to detail and written and verbal communication skills

• Proper and effective accounting skills including knowledge of GAAP and financial statements.

• Sound analytical and problem solving skills.

• Works effectively to plan and prioritize responsibilities including ongoing and ad hoc projects simultaneously;

• Fluent in Microsoft Office products, emphasis on Excel.


For Wilmington, DE Only the salary range for this position is USD$85,000.00 - USD$117,500.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

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 workplace. 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 EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

 

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email Disability.Assistance@blackrock.com. All requests are treated in line with our privacy policy.

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.