Alternatives Closed End Fund Accounting - Product Controller - Associate

  • Not Specified
  • Wilmington, DE, USA Wilmington DE US
  • Permanent, Full time
  • BlackRock
  • 16 Jul 18 2018-07-16

BlackRock helps investors build better financial futures. As a fiduciary to our clients, we provide the investment and technology solutions they need when planning for their most important goals. As of March 31, 2018, the firm managed approximately $6.317 trillion in assets on behalf of

BlackRock helps investors build better financial futures. As a fiduciary to our clients, we provide the investment and technology solutions they need when planning for their most important goals. As of March 31, 2018, the firm managed approximately $6.317 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock.

Job Description:

The Global Accounting and Product Services division is responsible for providing operational support to BlackRock’s portfolio management teams and clients. Together with financial statements and audit oversight, the EMEA and US Fund Services has responsibility for all NAV and fund accounting matters, across the EMEA and US fund range, carried out by a number of teams in different locations. Global Accounting and Product Services is central to BlackRock’s operations in providing subject matter expertise, monitoring fund administrator service delivery in relation fund accounting and financial reporting, monitoring operational capacity for new products, contributing to projects in relation to product launches and liaising with fund administrators, auditors, fund directors and portfolio managers. The group comprises of a number of teams and is organized both functionally and regionally. This position is within the Open-End NAV Oversight team supporting alternatives in the US.

Role Responsibility

We are looking for a fund accountant that will report directly into the Global Accounting and Product Services (“GAAPS”) team that supports investment operations for BlackRock's open-end single strategy and multi-strategy hedge funds employing a range of investments and techniques in the global securities markets.

Responsibilities:

Review and approve NAV calculations for a range of alternative investment fund products.

Manage a high volume of third-party vendor invoices, coordinating with internal AP and external third-parties for timely and accurate payments.

Perform detailed reviews and analysis of key reconciliations performed by third party administrators and contribute to resolutions.

Review portfolio P&L in connection with approval of NAVs and remediate outages between internal and external calculations.

Recalculate management and performance fees, including those based on highwatermarks and hurdles, in connection with NAV reviews and approvals.

Review annual audited financial statements.

Liaise with funds’ independent auditors and administrators.

Support required regulatory filings, such as Form PQR, Form PF and AIFMD filings.

Communicate performance results to investors and resolve investors’ questions.

Custom reporting and projects for investor and/or business specific needs.

Drive increased efficiency and innovation through continuous review of operating procedures and planning / evaluating technology enhancements.

Experience

BS/BA degree in business administration or accounting, CPA a plus.

5+ years of relevant investment / fund accounting or public accounting (audit) work experience, specifically supporting hedge funds.

Strong working knowledge of various financial instruments (swaps, futures, forwards, etc.) and accounting for those instruments.

Excellent communication skills (written and verbal).

Proper accounting skills, including knowledge of US GAAP and financial statement presentation for investment companies.

Sound analytical and problem solving skills.

Highly organized and detail-oriented.

Ability to manage projects, work under pressure and meet deadlines.

Fluent in Microsoft Office products, emphasis on Excel.

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 criminal histories in a manner consistent with the requirements of the law, including any applicable fair chance law.