Associate, Alternatives Fund Accounting

Job Description

Associate/Vice President, Alternatives Fund Accounting – Delaware | BlackRock

The Tone:
This is a full-time role at BlackRock, located in Wilmington, DE, with a hybrid work model. BlackRock is a global financial services firm dedicated to helping clients achieve financial well-being by managing investments that strengthen the economy, support businesses, and finance infrastructure projects. This role is crucial for delivering critical operational support for alternative investment products, ensuring accurate financial reporting, strong governance, and a consistent client experience across the fund lifecycle.

The TL;DR
• Role: Mid-Career
• Type: Full-time
• Location: Hybrid, Wilmington, DE
• Pay: $85000–$117500 yearly
• Team: Alternatives Fund Accounting team, within Portfolio Services
• Mission: Oversee fund administration, accounting, financial reporting, and operational processes for diverse alternative investment products.

What You’ll Actually Do
• Oversight: Review Net Asset Value (NAV) accounting packages and fund administration deliverables for accurate and timely fund valuation and reporting.
• Reporting: Support the delivery of fund accounting, investor reporting, regulatory reporting, and financial statements according to applicable standards.
• Collaboration: Partner with third-party administrators and internal stakeholders to maintain a strong control environment and resolve operational issues.
• Operations: Assist in the operational oversight of complex investment products, including valuation support and cash reconciliation processes.
• Compliance: Coordinate audit activities and contribute to the review of annual financial statements, regulatory requirements, and complex accounting matters.

The Must-Haves
• Background: Bachelor’s degree in Accounting, Finance, or a related field; mid-level professional with core knowledge in fund accounting or finance.
• Experience: Demonstrated ability to support fund accounting, fund administration, or private fund operations for alternative investment vehicles; experience collaborating with third-party fund administrators, auditors, and other service providers.
• Skills: Analytical, organizational, and problem-solving abilities; knowledge of accounting and financial reporting principles; familiarity with alternative investment products including multiple asset classes.
• Bonus: CPA designation or progress toward a comparable professional accounting qualification.