Associate, Investment Accounting
3 weeks ago
Description
About this role
Team Overview
Global Accounting and Product Services ("GAAPS"): Alternatives Operations supports BlackRock Alternative Investments ("BAI"). BAI takes a dynamic approach to alternative investments, creating investment vehicles that increasingly capitalize on evolving opportunities in fast-changing markets. We offer clients strategies designed to provide returns with low correlations to the broad equity and bond markets, including private equity, real estate equity and debt, hedge funds of funds, single strategy hedge funds, long-only absolute return strategies, commodities and structured products.
Team Overview:
The purpose of the GAAPS Alts Team is to act as the interface between the funds' investment professionals, investors, and external contacts, such as accounting outsource providers, auditors, tax professionals, and third party distributors, etc. for BlackRock’s alternative funds platform. The GAAPS Alts India Team will focus on contributing by resolving issues and providing product oversight and coordination of Administrators for many of our funds, which can invest in private investments.
Your daily tasks may include:
- Oversee external administration, accounting and financial reporting for assigned group of 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 periodic fund NAV, investor reporting, regulatory reporting, and financial reporting deliverable deadlines are met;
- Consistently perform risk assessments and proactively drive improvements in internal control environment, technology enhancements and procedures both internally and at 3rd party service provider;
- Review investor allocations, as well as management fee and distribution/waterfall calculations for funds;
- Provide oversight of year-end audits performed by independent accountants in conjunction with external administrator involvement;
- Assist with review and approval of fund operating expenses;
- Assist with data aggregation and calculations for regulatory filings;
- Work with external administrator, internal team members and other BlackRock groups to resolve fund accounting and other operational issues, as identified;
- Perform periodic internal reporting to other BlackRock groups (e.g. fund metrics, AUM, fee revenue, investor data);
- Respond to ad hoc requests from outside investors and other BlackRock groups.
- Communicate performance results to investors and resolve investors’ questions.
- Participate in investor due diligence meetings, as required for product set, and explain the controls in place to ensure accurate reporting to clients is achieved
You have:
- 1-5 years’ experience (desired but not required) working within a financial services or banking platform, with financial securities, private placements, and limited offerings a plus.
- Understanding of financial concepts, ability to speak thoughtfully and confidently while using applied financial reasoning.
- Highly attentive, ability to focus, excellent follow-through, flexibility and stellar grammar and English skills.
- A degree in Finance or Accounting is a requirement. CA or CPA is preferred.
- Self-motivated, dedicated, able to change directions quickly, and capable of working well with strong personalities.
- Strong background in Word and Excel.
- Excellent communication skills, both orally and in writing
- Capacity to multi-task, balance multiple priorities and meet deadlines in a dynamic and changing environment
- Facility to grasp complex concepts and details quickly
- Proven ability to work independently and as part of a team
- Analytical problem-solving and troubleshooting skills
- Working knowledge of administrative fundamentals
- Experience with coding in Unqork and/or eFront operations is 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 current hybrid work model is designed to enable in-person connections and collaboration that is core to our culture, while supporting increased flexibility for all employees. In line with local health guidance and regulations, employees are required to work at least 3 days in the office each week, with the flexibility to work from home up to 2 days a week. Some business groups may require more time in the office due to their roles and responsibilities. The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.
About BlackRock
At BlackRock, we are all connected by one mission: to help more and more people experience finan
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