Associate, Private Markets Operations - Middle Office

BlackRock•Wilmington, DE

20h•$85,000 - $117,500•Hybrid

About The Position

This team is part of the Global Portfolio Service team within Business Operations. The core focus of the team is to support private asset settlements and lifecycle activity, manage BlackRock’s investment book of record (“IBOR”) related to our alternatives platform, and make this data available to downstream stakeholders. Our alternative investment capabilities are fully integrated into BlackRock, allowing investment teams to capitalize on the firm’s considerable resources in areas such as risk management, product development, client service, and operational support.

Requirements

At least 3 years of experience in consulting, portfolio management, fund operations, fund accounting, fund audit, or related areas, with a strong focus on private funds and private markets investments
Proven track record of leveraging technology and data-driven solutions to drive process improvements, with demonstrated experience applying AI and automation to enhance efficiency and scalability
Bachelor’s degree in Finance, Accounting, or Information Systems preferred
Familiarity with the investment management industry; experience with private and/or hedge funds and various types of investors is preferred
Excellent communication and client service skills
Ability to perform effectively in a high-paced environment involving a large volume of high-risk transactions with a low tolerance for error
Ability to work independently and in a team environment, while actively seeking additional responsibilities
Outstanding academic achievement, broad-based work experience, and demonstrated leadership experience
Prior experience at an investment management company, fund administrator, or Big 4 firm preferred
Above all, the initiative and willingness to contribute beyond the scope of one’s role to achieve team and firm objectives

Responsibilities

Provide trade support and execution functions for private investment funds, including monitoring internal and external teams to ensure accurate and timely execution
Foster a relationship with back-office support professionals at private fund managers/private companies as well as their administrators and agents, including frequent communications regarding trading and amortization activity
Liaise with external service providers, internal team members and other BlackRock groups to resolve operational issues, as identified
Work with Business teams to facilitate investment funding processes
Interact with Portfolio Management, NAV Oversight, and Client Servicing / Reporting teams as needed to address investor queries and investment-level funding issues
Support the onboarding of new alternative investor mandates, investments, and vehicles, including informing & implementing processes for investment/trade lifecycle management, cash management, reporting, and reconciliation
Find opportunities for technological innovation and enhancements to processes
Identify risk areas and implement/improve risk-mitigating controls
Assist with preparation and review of reporting deliverables and ensure deadlines are met
Ensure the team’s process documentation and controls are updated and reviewed regularly