Associate, Private Credit/PEP Quality Control Financial Reporting, PFS

About this role

Company Description

HPS Investment Partners, a part of BlackRock, is a leading global, credit-focused alternative investment manager that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage various strategies across the capital structure, including privately negotiated senior debt; privately negotiated junior capital solutions in debt, preferred and equity formats; liquid credit including syndicated leveraged loans, collateralized loan obligations and high yield bonds; asset-based finance and real estate. The scale and breadth of our platform offers the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients.

HPS was established in 2007 as a unit of Highbridge Capital Management, LLC (“HCM”), a subsidiary of JPMorgan Asset Management (“JPMAM”). On March 31, 2016, the senior executives of HPS acquired HPS and its subsidiaries from JPMAM and HCM (the “Transaction”.[i] Following the Transaction, JPMAM retained a passive minority investment in HPS, which was subsequently redeemed in April 2022. In June 2018, affiliates of Dyal Capital Partners made a passive minority investment in HPS. In February 2022, an affiliate of The Guardian Life Insurance Company of America made a passive minority investment in HPS, which was subsequently increased in August 2024. On July 1, 2025, BlackRock acquired the business and assets of HPS, with 100% of consideration paid in BlackRock equity (the “HPS/BlackRock Transaction”).

The HPS/BlackRock Transaction brings together BlackRock’s corporate and asset owner relationships with HPS’s diversified origination and capital flexibility. BlackRock and HPS have formed a new private financing solutions business unit (“PFS”) led by Scott Kapnick, Scot French, and Michael Patterson, creating an integrated franchise with approximately $370 billion in client assets, including $205 billion of private credit assets.[ii] This combined platform, which has more than 590 investment professionals and approximately 1,300 employees globally,[iii] offers broad capabilities across senior and junior credit solutions, asset-based finance, real estate, CLOs and GP-LP solutions. As part of the HPS/BlackRock Transaction, Scott Kapnick, Scot French, and Michael Patterson have joined BlackRock’s Global Executive Committee, and Scott Kapnick has been appointed as an observer to the BlackRock Board.                

                                                                                                                   

Position Description

The Fund Reporting Associate will support the coordination, execution, and quality of financial and regulatory reporting activities for Private Credit funds. This role works closely with fund accountants to ensure accurate and timely delivery of reporting requirements.

Responsibilities        

• Specific responsibilities will include but not be limited to the following:

• Support coordination and execution of the annual financial statement audits for US Credit Funds, consisting of ~100 separate financial statements

• Partner with Fund Accounting, Finance, Operations, Legal, Compliance, Tax, and business teams.

• Coordinate with fund administrators, custodians, and other third-party service providers.

• Maintain and enhance financial reporting processes and controls. Identify opportunities for process improvement and automation.

• Support strategic projects and business initiatives as required

Candidate Profile

• 3-5 years of relevant experience in an accounting role

• Knowledge of US GAAP and investment company reporting requirements preferred

• Asset Management experience preferred

• Accounting degree preferred

• CPA or equivalent preferred

• Proficiency in Microsoft Excel

• Demonstrated ability to work independently with minimal supervision

• Ability to work effectively across jurisdictions

• Client service mentality toward both internal and external stakeholders

For New York, NY Only the salary range for this position is USD$105,000.00 - USD$120,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, 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 pe