Associate, Alternatives Fund Accounting

BlackRock•Dallas, TX

1d•$95,000 - $127,500•Hybrid

About The Position

Join our Fund Services – Accounting team as a Fund Accounting Associate. This role is ideal for candidates who have experience in Accounting and Finance with at least a year of foundational experience in Private Equity fund accounting and offers an opportunity to grow in a high-impact environment. You’ll work on core accounting processes and client reporting for Private Equity funds.

Requirements

Minimum 1 – 3 years of experience in Private Equity Fund Accounting [Prior Accounting experience a plus]
University degree in accounting and/or finance.
Hands-on exposure to NAV calculations, management fees, and waterfall computations
Conceptual understanding of the complexities of preparing the financials from a trial balance manually.
Working knowledge of US or UK GAAP; familiarity with IFRS or other GAAPs is a plus.
Proficiency in MS Excel and other Microsoft tools.
Detail-oriented, eager to learn, and able to work in a fast-paced environment.

Nice To Haves

Desire to study CPA, CA, CFA, CAIA, ACCA, or other accounting/finance certification(s) preferred.
Experience with accounting systems or reporting tools a plus; FIA knowledge is advantageous but not required.

Responsibilities

Prepare quarterly management accounts for Private Equity funds.
Handle NAV calculations, management fees, and assist in waterfall computations (including carry, equalization, and late closing interest).
Maintain and process accounting records, including journal entries and general ledger updates.
Support annual fund audits and liaise with external auditors and clients.
Prepare draft annual financial statements under UK/US GAAP; exposure to IFRS, Canadian GAAP, and Lux GAAP is a plus.
Collaborate with the tax team for timely completion of tax engagements and accurate accruals.
Assist in preparing regulatory returns as required.
Support cash management functions and treasury operations (bank reconciliations, liquidity monitoring, payment releases).
Participate in team initiatives, including training and onboarding new clients.