Associate, Private Credit Fund Accounting, PFS

BlackRock•Princeton, NJ

10d•$95,000 - $127,500•Hybrid

About The Position

BlackRock’s Private Financing Solutions division is hiring an Associate for its Fund Accounting team to support private credit funds. The position is part of a core accounting team based in Princeton, New Jersey, with opportunities to contribute to product growth and platform-wide projects. The Associate reviews and reconciles fund books and records and coordinates with internal departments and external third-party fund administrators. The role contributes to fund closings, including NAV review, reconciliations, and reviews of financial statements and partners’ capital statements. It also supports fund setup and operation, along with ad hoc internal and investor requests. The Fund Accounting team is responsible for fund books and records, including NAV calculations and reviews, fees, expenses, capital calls, and distributions. It works with internal teams and external administrators, as well as Legal, Product Specialist, Investor Relations, and Management Company Accounting on fund operations, analysis, and reporting.

Requirements

Bachelor’s degree in Accounting, Finance, or Economics preferred.
3–5 years of combined work experience in fund accounting and/or public accounting supporting financial services clients.
Excellent written and verbal communication skills.
Ability to work independently and think outside the box.
Highly organized, with the ability to execute and manage complex logistics, projects, and tasks under tight time constraints.
Strong analytical and logical mindset and attention to detail.
Fluency in Excel, PowerPoint, and Word.

Nice To Haves

Experience in credit or asset management, preferably with exposure to private credit.
Big Four public accounting experience.
CPA.
Extensive experience working with large data sets.
VBA knowledge.

Responsibilities

Close fund books monthly and quarterly with fund administrators and maintain shadow books and records.
Prepare and review complex management fee and incentive fee calculations.
Prepare and review partners’ capital statements.
Prepare and review capital call and distribution calculations and notices.
Review fund expenses for accuracy and coordinate accruals and payments.
Calculate and review monthly investor return and NAV estimates.
Prepare and review quarterly and annual GAAP financial statements.
Review operating procedures and plan, manage, evaluate, and implement technology improvements to increase efficiency and innovation.
Oversee day-to-day accounting and fund administrators to ensure timely and accurate investor reporting.
Ensure robust controls exist at fund service providers and internally to mitigate risk of error.
Participate in accounting policy discussions and understand and communicate impacts to the business, financial results, and reporting or disclosure requirements.
Ensure regulatory compliance with SEC, NFA, and other regulations for assigned products.
Handle ad hoc reporting and projects.
Support fund setup and operation and respond to internal and investor requests.