What are the responsibilities and job description for the Director, Alternative Fund Controller position at blackrock?
About this role
About BlackRock
Elevate your career by joining the world's largest asset manager! Thrive in an environment that fosters 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 effectively engage your involvement in our success. With over USD $7 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
The Global Accounting and Product Services (GAAPS) division is responsible for providing operational support to BlackRock’s portfolio management teams and clients. GAAPS is central to business operations in providing subject matter expertise, monitoring fund administrator service delivery in relation fund accounting and financial reporting, monitoring operational capacity for new products, supporting projects in relation to product launches and liaising with fund administrators, auditors, fund directors and portfolio managers. The group comprises of a number of teams and is organized both functionally and regionally. This position is within the Open-End NAV Oversight team supporting alternatives in the US.
Role Responsibilities
Review NAVs for several of the firm’s Fund of Fund alternative investment fund products, including monthly or quarterly valuations.
Ensure best in class control environment is functioning effectively with respect to oversight of third party service providers and internal processes and procedures.
Serve as primary point of contact for third party administrators, monitor their performance and drive continuous improvement in their processes.
Review annual audited financial statements.
Liaise with funds’ independent auditors.
Communicate performance results to investors and resolve investors’ questions.
Calculate Management and Incentive Fees in accordance with legal documentation.
Custom reporting and projects for investor specific needs.
Partnering and communicating with various internal business divisions regarding fund products and performance data.
Group project opportunities related to implementation of new product accounting, operational procedures, and planning / evaluating technology improvements.
Experience
9 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 documents.
Sound analytical and problem solving skills.
Works effectively to plan and prioritize responsibilities including ongoing and ad hoc projects simultaneously
Demonstrated history of leading exceptional teams
Ability to lead large projects
Fluent in Microsoft Office products, emphasis on Excel.
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 : $173,500 - $225,000
