Vice President, Alternatives Fund Accounting - Delaware

BlackRock • Wilmington, DE

7d • Hybrid

About The Position

About this role Elevate your career by joining the world's largest asset manager! Thrive in an environment that fosters positive relationships and recognizes outstanding performance! We know you want to feel valued every single day and be recognized for your contribution. At BlackRock, we strive to empower our employees and actively engage your involvement in our success. With over USD $14 trillion of assets we have a responsibility: our technology and services enable millions of investors to save for retirement, pay for college, buy a home, and improve their financial well-being. Your Team The Portfolio Services division provides operational support to BlackRock’s portfolio management teams and clients. Portfolio Services is central to BlackRock’s operations in providing subject matter expertise, monitoring fund administrator service delivery in relation fund accounting and financial reporting, supervising operational capacity for new products, contributing to projects in relation to product launches and collaborating closely with fund administrators, auditors, fund directors and portfolio managers. The group comprises of a number of teams and is organized both functionally and regionally. Your Role, Impact and Responsibilities Oversee day-to-day external administration and accounting reporting for assigned funds; Review NAV accounting packages prepared by the external administrators for accuracy and completeness as part of the periodic NAV close process for the funds; Ensure fund NAV, investor reporting, regulatory reporting deliverable deadlines are met; Perform reviews of financial statements prepared by the external administrators to ensure accuracy, completeness and compliance with GAAP/IFRS; Actively ensure a best-in-class control environment exists internally in an oversight capacity and externally within our 3rd party administrators; Provide on-going operational support for complex products or investment types, which includes reconciling data received from third; Lead external and internal administration and accounting for certain mandates, including investment valuation, data management, and asset and cash reconciliations; Oversee regulatory compliance with SEC, NFA, and other regulations for products under the individual’s purview; Responsible for engaging with audit team around complex accounting topics and successful planning, coordination and completion of audited financials each year; Field custom reporting requests and projects for investors and/or business specific needs and develop reporting to deliver back to clients/partners; Lead collaboration with external service providers, internal team members and other BlackRock groups to resolve operational issues, as identified.

Requirements

• 8-10 years of experience in private accounting as a fund controller.
• Bachelors’ degree in Accounting (strongly preferred) or Finance.
• Experience with a variety of open-end alternative investment products (including hedge funds) and asset classes (including public equities and bonds, derivatives, private equity, and private debt).
• Experience with accounting, operations and NAV production or review for complex, multi-tiered fund structures including tax blockers and other special purpose vehicles for private investments
• Strong knowledge of hedge fund capital mechanics including series and capital accounting, investor allocations, and incentive fee calculations
• Strong understanding of risks and controls and ability to drive enhancements and efficiencies in oversight processes
• Prior experience managing or driving tactical or strategic projects around fund operations (e.g. conversions, data migrations, process changes, etc.)
• Strong written and oral communication skills, analytical abilities and attention to detail
• Self-motivated with strong sense of ownership, ability to effectively manage multiple initiatives and deadlines
• Proficient Excel and macro skills.

Nice To Haves

• Big 4 experience and CPA designation are a plus.

Responsibilities

• Oversee day-to-day external administration and accounting reporting for assigned funds
• Review NAV accounting packages prepared by the external administrators for accuracy and completeness as part of the periodic NAV close process for the funds
• Ensure fund NAV, investor reporting, regulatory reporting deliverable deadlines are met
• Perform reviews of financial statements prepared by the external administrators to ensure accuracy, completeness and compliance with GAAP/IFRS
• Actively ensure a best-in-class control environment exists internally in an oversight capacity and externally within our 3rd party administrators
• Provide on-going operational support for complex products or investment types, which includes reconciling data received from third
• Lead external and internal administration and accounting for certain mandates, including investment valuation, data management, and asset and cash reconciliations
• Oversee regulatory compliance with SEC, NFA, and other regulations for products under the individual’s purview
• Responsible for engaging with audit team around complex accounting topics and successful planning, coordination and completion of audited financials each year
• Field custom reporting requests and projects for investors and/or business specific needs and develop reporting to deliver back to clients/partners
• Lead collaboration with external service providers, internal team members and other BlackRock groups to resolve operational issues, as identified.

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)

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level