Associate, Fee Onboarding & Calculation Oversight - Delaware

BlackRock•Wilmington, DE

6d•$85,000 - $117,500•Hybrid

About The Position

The Fee Oversight Team within Alternatives Operations is passionate about working with the relevant partner groups across the firm ranging from long-term strategic and tactical solutions to the complex issues presented by managing and operating alternative products. The team’s engagements are high profile initiatives which require team members to have senior level exposure and play an active role in crafting the future state operating model of Alternatives Operations.

Requirements

3 or more years of work experience in financial services
Complex modeling ability with experience in incentive fees, carried interest and management fee calculations
Capability to read, understand, and follow complex partnership agreements and offering materials
Proficiency with eFront and Investran

Nice To Haves

2+ years alternative investments preferred

Responsibilities

Review existing unrealized and realized waterfall models which include preferred return, recycling capital, carried interest and clawback
Collaborate with team-members and third-party administrators to build and/or review fee calculations for funds that have launched recently
Interpret complex fee agreements and other legal documentation to ensure timely and accurate fee calculations
Participate in new business discussions with prospective and existing clients around fee structures
Lead the continuous assessment of the oversight model to ensure fee calculations follow the governing legal documents
Ensure that the team operates within the best in class control environment
Understand the various Alternatives strategies within BlackRock Private Funds and the challenges faced by each team
Understand the alternatives industry and how changes to that industry will impact Private Funds
Ensure new funds are onboarded within an outstanding control framework, ensuring external service providers have strong controls around fee calculations
Ensure strict adherence with product policies and guidelines to ensure all legal, compliance, and audit standards are met
Effectively communicate complex concepts and procedures to all levels throughout the firm
Partner with internal teams to build and troubleshoot management and performance fee calculations in eFront
Drive the technology requirements for new and existing fee improvements, including appropriate test planning and rollout of process
Build and maintain a strong knowledge of Aladdin infrastructure and the future roadmap