About this role
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 actively engage your involvement in our success. With over USD $10 trillion of assets, we have a responsibility: our technology and services enable millions of investors to save for retirement, pay for college, buy a home, and improve their financial well-being.
Your Team
The Global Accounting and Product Services (GAAPS) division provides operational support to BlackRock’s portfolio management teams and clients. GAAPS is central to BlackRock’s operations in providing subject matter expertise, monitoring fund administrator service delivery in relation to fund accounting and financial reporting, supervising operational capacity for new products, contributing to projects in relation to product launches, and collaborating closely with fund administrators, auditors, fund directors, and portfolio managers. The group comprises a number of teams and is organized both functionally and regionally.
Your Role, Impact and Responsibilities
- Oversee day-to-day external administration and accounting reporting for assigned funds;
- Review NAV accounting packages prepared by the external administrators for accuracy and completeness as part of the periodic NAV close process for the funds;
- Ensure fund NAV, investor reporting, and regulatory reporting deliverable deadlines are met;
- Perform reviews of financial statements prepared by the external administrators to ensure accuracy, completeness, and compliance with GAAP/IFRS; Provide operational and accounting support for all investments within the Alternatives platform. Assist in developing operating models to address support of manual or unusual aspects of new alternative products and investments;
- Actively ensure a best-in-class control environment exists internally in an oversight capacity and externally within our 3rd party administrators;
- Provide ongoing operational support for complex products or investment types, which includes reconciling data received from third parties;
- Lead external and internal administration and accounting for certain mandates, including investment valuation, data management, and asset and cash reconciliations;
- Oversee regulatory compliance with SEC, NFA, and other regulations for products under the individual’s purview;
- Responsible for engaging with the audit team around complex accounting topics and successful planning, coordination, and completion of audited financials each year;
- Field custom reporting requests and projects for investors and/or business-specific needs and develop reporting to deliver back to clients/partners;
- Lead collaboration with external service providers, internal team members, and other BlackRock groups to resolve operational issues, as identified.
You have...
- 10 years of experience in private accounting as a fund controller;
- Big 4 experience and CPA designation are a plus;
- Bachelor's degree in Accounting (strongly preferred) or Finance;
- Experience with a variety of open-end alternative investment products and asset classes;
- Experience with accounting, operations, and NAV production or review for complex, multi-tiered fund structures including tax blockers and other special purpose vehicles for private investments;
- Strong knowledge of hedge capital mechanics including series and capital accounting, investor allocations, incentive fee calculation and allocation, series roll-ups;
- Strong understanding of risks and controls and ability to drive enhancements and efficiencies in oversight processes;
- Prior experience managing or driving tactical or strategic projects around fund operations (e.g., conversions, data migrations, process changes, etc.);
- Strong written and oral communication skills, analytical abilities, and attention to detail;
- Self-motivated with a strong sense of ownership, ability to effectively manage multiple initiatives and deadlines;
- Proficient Excel and macro skills.
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.
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