Director, Alternative Funds Controller - Delaware

BlackRock • Wilmington, DE

1d • Hybrid

About The Position

About this role Elevate your career by joining the world’s largest asset manager! At BlackRock, we foster an environment that values positive relationships and recognizes outstanding performance. With over $11 trillion in assets, we empower millions of investors to save for retirement, pay for college, buy a home, and improve their financial well-being. We are committed to innovation and excellence, and we strive to engage our employees in our collective success. Team Overview The Alternative Fund Controllers team is an integral part of the Global Alternative Operations team. We focus on all aspects of fund control for the Alternative Funds managed by BlackRock, which include private equity, funds of funds, and direct co-investment strategies. Our fully integrated alternative investment capabilities allow us to leverage BlackRock’s extensive resources in risk management, product development, client service, and operational support. Role Responsibility As a Director within the Alternative Fund Controllers team, you will: Collaborate with Alternative Operations and Private Markets leadership to improve the framework guiding private funds, incorporating guidelines and innovative technology. Partner with client-facing teams to handle client due diligence meetings and requests. Work closely with Portfolio Management, Operations, and Client Servicing/Reporting teams to develop an outstanding operating model for the Alternatives platform. Serve as the senior escalation contact for our business partners. Oversee process re-engineering to identify risk areas, implement scalable solutions, and drive efficiencies. Develop mechanisms to monitor business as usual (BAU) processes and produce metrics to understand risk in terms of open breaks, exposure, P&L deviation, etc. Provide thought leadership and guide the team towards increased independence in BAU and fund ownership. Engage team members in career development conversations to promote growth and skill enhancement. Collaborate with external fund administrators to enhance controls, reduce operational overheads, and improve accuracy. Participate in health checks to evaluate operational frameworks for optimal service from administrators. Resolve operational issues in collaboration with external service providers, internal team members, and other BlackRock groups. Actively participate as a voting member on private valuation committees. Ensure process documentation and controls are regularly updated and reviewed. Lead cash management and credit facility meetings with senior collaborators within the Alternatives division. Engage in new product onboarding with Product Oversight teams, review and comment on draft legal documents, and understand carried interest waterfall mechanics.

Requirements

• 15+ years of experience in consulting, managing investment portfolios, or handling operational functions. This includes fund accounting or related areas dedicated to private funds and alternative asset investments.
• Proven ability to lead a distributed team of 30+ people with strong people management skills.
• Bachelor’s degree in finance or accounting is required; CPA preferred.
• Understanding of systems and data architecture is essential.
• Excellent written and oral communication skills.
• Ability to multi-task in a fast-paced environment.
• Highly organized and adaptable to variable deadlines.
• Strong analytical and problem-solving abilities.
• Demonstrated success in high-performance or high-demand environments.
• Initiative and a willingness to contribute beyond the scope of the role to achieve team and firm objectives.

Nice To Haves

• Former big-4 audit and lead controller experience in the alternative asset industry is a plus.
• Familiarity with eFront, Geneva, and/or Investran is preferred.

Responsibilities

• Collaborate with Alternative Operations and Private Markets leadership to improve the framework guiding private funds, incorporating guidelines and innovative technology.
• Partner with client-facing teams to handle client due diligence meetings and requests.
• Work closely with Portfolio Management, Operations, and Client Servicing/Reporting teams to develop an outstanding operating model for the Alternatives platform.
• Serve as the senior escalation contact for our business partners.
• Oversee process re-engineering to identify risk areas, implement scalable solutions, and drive efficiencies.
• Develop mechanisms to monitor business as usual (BAU) processes and produce metrics to understand risk in terms of open breaks, exposure, P&L deviation, etc.
• Provide thought leadership and guide the team towards increased independence in BAU and fund ownership.
• Engage team members in career development conversations to promote growth and skill enhancement.
• Collaborate with external fund administrators to enhance controls, reduce operational overheads, and improve accuracy.
• Participate in health checks to evaluate operational frameworks for optimal service from administrators.
• Resolve operational issues in collaboration with external service providers, internal team members, and other BlackRock groups.
• Actively participate as a voting member on private valuation committees.
• Ensure process documentation and controls are regularly updated and reviewed.
• Lead cash management and credit facility meetings with senior collaborators within the Alternatives division.
• Engage in new product onboarding with Product Oversight teams, review and comment on draft legal documents, and understand carried interest waterfall mechanics.

Benefits

• employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits
• strong retirement plan
• tuition reimbursement
• comprehensive healthcare
• support for working parents
• Flexible Time Off (FTO)
• BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 5,001-10,000 employees