Associate, Private Credit Fund Accounting, PFS

BlackRock•Princeton, NJ

1d•$95,000 - $127,500•Hybrid

About The Position

BlackRock’s Private Financing Solutions division (“PFS”) is currently hiring for an Associate level individual on the Fund Accounting team to support BLK Private Credit Funds. Private Credit is a strategic focus for the firm and this position will be part of a core accounting team in Princeton, NJ. The position offers significant growth opportunities both organically as the firm expands our product offerings, as well as opportunities to be involved in ongoing platform-wide projects. The Fund Accounting Associate performs an integral role within the Fund Accounting team and is responsible for review and reconciliation of the funds’ books and records, liaising with both internal departments and external third-party fund administrators. The Fund Accounting Associate will be involved in the closing of the books including NAV review, reconciliation, financial statement review, and partners’ capital statement review among other responsibilities. Additionally, the Fund Accounting Associate will be involved in fund setup and operation and ad hoc internal and investor requests.

Requirements

Bachelor’s degree in Accounting, Finance, or Economics preferred
3-5 years of combined work experience in a Fund Accounting, and/or public accounting role supporting clients within the financial services industry (preferably within Credit or Asset Management with exposure to Private Credit)
Excellent communication skills, both written and verbal
Ability to work independently with the willingness to constantly think outside of the box
Highly organized and proven ability to execute and manage complex logistics, projects, and tasks under tight time constraints
Strong analytical/logical mindset and attention to detail; extensive experience working with large sets of data is preferred
Fluency required in Excel (VBA knowledge a plus), PowerPoint and Word

Nice To Haves

“Big Four” public accounting experience preferred
CPA preferred

Responsibilities

Monthly and quarterly closing of the funds’ books with fund administrators & maintaining shadow books and records
Preparation and review of complex Management fee and incentive fee calculations
Preparation and review of partners’ capital statements
Preparation and review of capital call and distribution calculations and notices
Review of fund expenses for accuracy and coordination of accruals and payments
Calculation and review of monthly investor return and NAV estimates
Preparation and review of quarterly and annual GAAP financial statements
Drive increased efficiency and innovation through continuous review of operating procedures and planning / managing, evaluating, and implementing technology improvements
Demonstrate complete ownership of the day-to-day accounting and administrator oversight to ensure timely and accurate delivery of reporting to Investors by all team members across the group
Ensure a robust control environment exists both at the fund service providers and internally to ensure risk of error is mitigated
Be actively involved in Accounting Policy related discussions, understand and communicate the impact to the business, financial results, and reporting/disclosure requirements if applicable
Responsible for regulatory compliance with SEC, NFA, and other regulations for products under your guidance
Ad hoc reporting and projects