What are the responsibilities and job description for the Associate, Alternatives Fund Accounting position at blackrock?
About this role
GAAPS Alts Associate – Public-Private Fund Controller
Global Accounting and Product Services ("GAAPS"): Alternatives Operations supports BlackRock alternative investment products across its $319B platform of alternatives assets under management. BlackRock takes a dynamic approach to alternative investments, creating innovative investment vehicles that increasingly capitalize on evolving opportunities in fast-changing markets. We offer clients strategies designed to provide returns with varied correlations to the equity and bond markets, including private credit and direct lending, private equity, real estate equity and debt, hedge funds of funds, infrastructure equity and debt, renewable energy and transition investment products, single strategy hedge funds, long-only absolute return strategies, commodities and structured products.
Team Overview
Elevate your career by joining the world's largest asset manager! Thrive in an environment that fosters positive relationships and recognizes outstanding performance! An experienced accounting professional is needed to support the the day-to-day accounting and operations of BlackRock’s latest evergreen private fund offerings focused on real estate and infrastructure investments. Responsibilities will include: maintenance and oversight of accurate books and records, preparation of financials and SEC filings, dividend management, preparation of board and investor materials, financial forecasting, management of company credit lines, compliance oversight and service provider management.
Role Responsibility
Review the accounting books and records produced by the service provider for the portfolio and the fund for each month-end close.
Prepare financial reporting, including SEC filings and related disclosures, as well as management reporting.
Participate in the preparation of quarterly board materials, investor presentation data, and other quarter end reporting.
Perform cash and income analyses and forecasting.
Assume responsibility of management and incentive fee calculations, tracking and projections.
Prepare periodic compliance reports.
Help design and oversee SOX compliance and participate in ongoing internal control testing in order to ensure a best-in-class control environment.
Liaise with administrator, custodian, transfer agent, and other outside vendors with respect to daily business activities.
Assist with preparation of dividend calculations and payments.
Manage credit facility borrowings and repayments.
Assist in preparation and monitoring of tax compliance tests, borrowing base calculations, asset coverage tests, liquidity tests, etc.
Experience
We are looking for a candidate who will be detail oriented, highly analytical and proactive with respect to identifying and implementing processes to achieve accuracy, strong internal controls and efficiencies. Additionally, candidate should be able to flourish in an extremely fast-paced and growing environment.
Approximately 4-6 years of related experience, preferably with a public-reporting entity or a “Big 4” public accounting firm.
Prior experience in accounting, administration, financial control or audit function for private funds including SEC filing experience..
Strong accounting skills, including knowledge of US GAAP and financial statement presentation; CPA a strong plus
Thorough knowledge of internal controls as they relate to the accounting operations of a public filer and SOX processes.
Ability to work under pressure and meet deadlines in a fast paced and team- oriented environment.
Excellent verbal and written communication skills.
Ability to assist in facilitating process integration and improvements.
Strong organizational, analytical, problem-solving and planning skills, including the ability to multitask.
Proficient in Microsoft Office products, emphasis on Excel; knowledge of the investment company industry a plus.
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 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.Salary : $85,000 - $117,500
