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GAAPS Alternatives | Fund Accounting - NAVO Oversight | Wilmington
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 $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.
BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified individuals without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
The Global Accounting and Product Services (GAAPS) division is responsible for providing operational support to BlackRock's portfolio management teams and clients. GAAPS is central to Business operations in providing subject matter expertise, monitoring fund administrator service delivery in relation fund accounting and financial reporting, monitoring operational capacity for new products, supporting projects in relation to product launches and liaising with fund administrators, auditors, fund directors and portfolio managers. This position is within the Alternative Fund Operations- NAV Oversight team supporting alternative product (Credit, Private Equity, Real Assets, Hedge fund and other structured products).
Ensure best in class control environment exists internally in an oversight capacity and externally within our 3rd party administrators;
Partner with internal teams who support the same product set, including our portfolio management, legal, tax, product strategy, corporate accounting and finance and all other necessary groups;
Support the onboarding of new alternative investor mandates, investments, and vehicles, including informing & implementing processes for fund lifecycle management and reporting;
Perform detailed reviews and analysis of key reconciliations (cash, position) and contribute to resolution of breaks;
Review portfolio P&L in conjunction with approval of NAVs and remediate outages between internal and external calculations;
Recalculate management and performance fees, including those with on high-watermarks and hurdles, in connection with NAV reviews and approvals;
Provide input on annual audited financials along with the alternative financial reporting group;
Product management responsibilities including liaising with funds' independent auditors, tax providers and administrators to ensure proper close-out of all open inquiries and resolve issues as identified;
Communicate performance results to investors and resolve investors' questions;
Custom reporting and projects for investor specific needs;
Identify risk areas and implement risk-mitigating controls; and
Drive or participate strategic initiatives to improve operational efficiency, automate processes, and enhance controls.
4+ years of investment / fund accounting /public accounting (audit) work experience or equivalent;
Bachelors' degree in Accounting (strongly preferred) or Finance. CPA a plus;
Excellent attention to detail and written and verbal communication skills;
Strong analytical and problem-solving abilities;
Outstanding work ethic required along with demonstrated success in high performance or high demand environments;
Self-motivated team player and willingness to contribute beyond the scope of one's role to achieve team and firm objectives;
Strong organizational and interpersonal skills;
Works effectively to plan and prioritize responsibilities including ongoing and ad hoc projects simultaneously;
Advanced Excel skills. SQL a plus
BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of June 30, 2020, the firm managed approximately $7.32 trillion in assets on behalf of investors worldwide.
For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock
BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.