Associate, Alternatives Fund Accounting

BlackRock•Wilmington, DE

1d•$85,000 - $117,500•Hybrid

About The Position

Business Operations Services (BOS) is the operational engine that enables BlackRock to deliver investment management services across public and private markets at scale. BOS partners closely with investment, product, and technology teams to design and execute operating models that support the full investment lifecycle, including portfolio setup, trade and transaction processing, compliance monitoring, reporting, and account reconciliation. Through a combination of operational expertise, risk oversight, and continuous platform enhancement, BOS helps ensure clients receive efficient, scalable, and high-quality service while supporting evolving business, product, and regulatory requirements. Within BOS, the Alternatives Accounting and Product Controllers team is responsible for supporting BlackRock's alternatives business, a strategic growth area for the firm. This role sits within a dynamic accounting function that supports a diverse portfolio of alternative investment funds and works closely with internal teams, fund service providers, auditors, and investors. As BlackRock continues to expand its alternative investment platform, this position provides opportunities for professional development, increased responsibility, and participation in business-wide initiatives that drive operational excellence and scale. As an Associate within Alternatives Fund Accounting, you will play a key role in delivering accurate financial reporting, maintaining a strong control environment, and supporting investor and business needs across a complex alternative investment platform. You will partner with a broad range of stakeholders to ensure high-quality fund accounting operations while contributing to process enhancements and strategic initiatives that support the continued growth of the business.

Requirements

Demonstrated experience in investment accounting, fund accounting, fund operations, public accounting (audit), or related experience, including experience reviewing the work of others.
Bachelor's degree in Accounting (preferred) or Finance.
Strong understanding of Generally Accepted Accounting Principles (GAAP), financial statements, management fees, and carried interest calculations.
Excellent attention to detail, analytical thinking, problem-solving capabilities, and verbal and written communication skills.
Ability to effectively manage competing priorities, deliver against deadlines, and support both recurring and ad hoc initiatives.
Proficiency with Microsoft Office applications, with advanced skills in Excel preferred.

Nice To Haves

Certified Public Accountant (CPA) designation or equivalent is a plus.

Responsibilities

Maintain ownership of day-to-day fund accounting activities and administrator oversight, ensuring the timely and accurate delivery of financial information and reporting to Limited Partners (LPs).
Build strong relationships with internal and external stakeholders, respond to investor inquiries, support due diligence activities, and deliver customized reporting solutions that address investor and business requirements.
Maintain a robust control framework by partnering with fund service providers and internal teams, while coordinating external audits and supporting the successful preparation and delivery of annual audited financial statements.
Recalculate management fees and carried interest in accordance with fund governing documents and report associated revenue information to the Corporate Controllers team.
Drive operational efficiency and innovation through ongoing evaluation of processes, controls, and technology enhancements that improve scalability and reporting quality.