Associate, Alternatives Fund Accounting

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 requ