What are the responsibilities and job description for the Associate/Vice President, Alternatives Fund Accounting - Delaware position at BlackRock Investments?
Job description
About this role
Your Team
The Portfolio Services team delivers critical operational support for alternative investment products, partnering with portfolio management teams, clients, and key service providers to ensure high-quality execution across the fund lifecycle. The team oversees fund accounting, financial reporting, operational controls, and third-party provider performance, helping to maintain accurate reporting, strong governance, and a consistent client experience. Working closely with fund administrators, auditors, fund directors, portfolio managers, and internal business partners, the team supports product launches, regulatory obligations, and ongoing operational excellence across a diverse range of investment strategies.
Your Role and Impact
As an Associate within Alternatives Fund Accounting, you will play a key role in overseeing fund administration, accounting, financial reporting, and operational processes for a broad range of alternative investment products. You will partner with internal stakeholders and external service providers to help ensure the accuracy of fund reporting, the effectiveness of operational controls, and the timely delivery of regulatory and client reporting obligations. This role offers exposure to complex investment structures and provides opportunities to contribute to process enhancements, solve accounting and operational challenges, and support the continued growth of the business.
Your Responsibilities
In every role at BlackRock, you'll be expected to apply sound judgement and critical thinking to solve complex problems, adapt as the business evolves, and combine the curiosity to explore new approaches and technologies with the rigor to challenge the results. The scope of this role also includes the following responsibilities:
- Review Net Asset Value (NAV) accounting packages and fund administration deliverables prepared by external administrators to support accurate, complete, and timely fund valuation and reporting.
- Support the delivery of fund accounting, investor reporting, regulatory reporting, and financial statements in accordance with applicable accounting standards and reporting requirements.
- Partner with third-party administrators and internal stakeholders to maintain a strong control environment, investigate operational issues, and drive effective resolution.
- Assist in operational overs
- ight of complex investment products, including valuation support, data management activities, and asset and cash reconciliation processes.
- Coordinate audit activities and contribute to the review of annual financial statements, regulatory requirements, and complex accounting matters.
- Respond to customized reporting requests and support strategic projects for investors, clients, and business partners.
Your Experience
- Bachelor's degree in Accounting, Finance, or a related field.
- Demonstrated ability to support fund accounting, fund administration, or private fund operations for alternative investment vehicles.
- Knowledge of accounting and financial reporting principles gained through industry experience or experience with a public accounting firm.
- Familiarity with alternative investment products, including hedge funds and multiple asset classes such as public equities, fixed income, derivatives, private equity, and private debt.
- Experience collaborating with third-party fund administrators, auditors, and other service providers within alternative investment structures.
- Strong analytical, organizational, and problem-solving skills with the ability to manage multiple priorities in a fast-paced environment.
- CPA designation or progress toward a comparable professional accounting qualification is preferred.
Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.
Our hybrid work model
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. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.
Guidance on AI use for candidates
At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided guidance (opens in new window) on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.
About BlackRock
At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.
This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.
To learn more about BlackRock, please visit Careers.BlackRock.com (opens in new window). We also encourage you to get to know us on LinkedIn (opens in new window), Instagram (opens in new window), YouTube (opens in new window), X (opens in new window), and TikTok (opens in new window).
BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement (opens in new window) and the pay transparency statement (opens in new window).
BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email Disability.Assistance@blackrock.com (opens in new window). All requests are treated in line with our privacy policy (opens in new window). (opens in new window)
BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.R264269
Salary : $85,000 - $117,500