Associate, Valuation Governance - Princeton

About this role

GAAPS Alternatives | Associate Valuations | Princeton

About BlackRock

Elevate your career by joining the world's largest asset manager! Thrive in an environment that promotes 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

BlackRock Data Services (BDS) is entrusted with maintaining all data integral to the investment decision process, for BlackRock the Investment Manager and its BlackRock Solutions (BRS) business, in our proprietary Aladdin® end-to-end investment platform. BDS closely partners with teams, such as Portfolio Management, Global Capital Markets, Relationship Management, Portfolio Compliance, Risk Analytics, Regulatory Reporting, and others, to ensure their business data needs are met accurately, timely, and efficiently.

The BDS philosophy is anchored on BlackRock’s cornerstone principles: Innovation, Fiduciary focus, Passion for Performance, and the unified purpose of One BlackRock. Through that lens, we seek to build value for our clients by understanding their needs, the markets, and using technology to build best in class solutions. BDS has presence across 12 offices in 8 countries, servicing more than $17 trillion in AUM on Aladdin for BlackRock and BRS clients spanning 6 continents and all spectrums of the financial markets.

The Private Valuation Team within BDS supports the investment valuation function for private, illiquid investments acting as the interface between the investment professionals, external valuation providers, accounting outsource providers, auditors, and Global Fund Services. The team focuses on adding value by providing valuation oversight and coordination of valuations and supporting documentation.

Role Responsibility

• Building and maintaining valuation models for real estate, private equity, private credit and other alternative investments. 

• Working with investment teams to ensure all relevant information is incorporated into valuations. 

• Drive increased efficiency and control through continuous review of current valuation processes; evaluate and implement technology improvements in partnership with relevant stakeholders. 

• Review and tie out of valuation opinions received from third party service providers and real estate appraisers. Communicate any comments and coordinate sign off in coordination with Investment, Pricing and Fund Administration teams. 

• Review legal documents to establish terms and conditions associated with new securities purchased. 

• Prepare materials to be provided to the Valuation Committee and present findings to Pricing Committees and other management as necessary. 

• Provide high quality client service externally and internally. Address inquiries, perform controls, problem solve, and mitigate risks. 

• Initiate and help drive platform and process innovations to support fast-growing business needs, minimize risk, improve quality, and navigate the changing markets. 

• Liaison with independent auditors. Provide support for valuations and answer questions as necessary in a controlled and efficient manner. 

• Perform a review of fair value reporting provided by underlying managers and Co-Investment sponsors. 

• Support internal and external partners’ ad-hoc requests - provide status updates and appropriately manage expectations with senior leaders. 

• Ability to manage