Analyst, Alternatives Portfolio Operations - Delaware

About this role

GAAPS | POG Fund Services Analyst | Delaware

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 $9 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

Alternative Product Oversight and Governance (POG)

Alternatives POG is a unit within GAAPS. Alternatives POG teams are organized regionally to support the unique jurisdictional requirements and partners for our various fund ranges. Alternatives POG manages the fund level “structural” needs, including support to BlackRock business groups and the Board of Directors/Trustees that oversee them.

Members of the Alternatives POG team are responsible for leading all aspects of the funds’ overall control environment and manage numerous business affairs in support of our funds. These individuals will connect across GAAPS and Business Operations to manage product and regulatory changes within our fund ranges. Alternatives POG works closely with several other internal teams to deliver quality and value to our shareholders including but not limited to teams responsible for accounting oversight, financial reporting, product development, pricing, tax, legal and compliance.

Role Responsibility: Alternatives POG Fund Services Analyst

• Support alternatives fund launches, change events, provider selections, fund onboarding and lifecycle management functions.

• Engage with tax, product, and portfolio management teams to determine fund structures, distribution practices and operational models.

• Contribute towards and prepare presentations to BlackRock governance bodies (e.g. fund boards) and committees.

• Participate in the investigation of operating events coordinating with cross functional colleagues.

• Review and challenge policies and procedures to help evolve the operating model.

• Assess the operating model for risk and efficiency, with a focus on automation and technology.

• Build good relationships with business areas within BlackRock, effectively engage and lead fund launches and product change.

• Oversight of outsourced functions including fund administration, auditors, review performance of the service providers, and evaluate control environments.

• Coordination of the internal recharge calculation program involving complex math calculations.

Experience

• 1-3 years investment management industry experience with fund structures such as hedge funds, real estate funds, private credit funds, open-and close-end mutual funds, and interval funds.

• Understanding of US GAAP and SEC regulatory reporting requirements.

• Fund / product lifecycle event management such as launches, liquidations, mergers, and other restructuring events.

• Diverse range of fund expense structures (pass through) and methods for waivers, caps, allocation, and application of break points.

• External service provider oversight.

• Work with software tools such as Snowflake, Power BI, Airtable, or accounting systems.

Project Management for regulatory and business change

• Accountability and ownership of key functions and special projects.

• Vendor management experience.

• Good understanding of the fund valuation and associated transaction lifecycle and key control frameworks.

• Solid prioritization skills and ability to handle competing priorities.

• Proven track record in implementing change management.

• Develop practical and pragmatic solutions through a ‘hands on’ approach.

• Strong verbal and written communication capabilities with all levels, including portfolio managers, fund directors, external auditors, senior management, and vendors.

• Initiative, drive, and enthusiasm.

• Excellent attention to detail and passion for performance.

#EarlyCareers For Wilmington, DE Only the salary range for this position is USD$61,750.00 - USD$75,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compe