Job Information
BlackRock Climate Infrastructure - Portfolio Financial Management - Vice President in New York, New York
About this role
BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.
Business Unit Overview:
BlackRock Climate Infrastructure is a division within BlackRock’s infrastructure investment group. Since its establishment in 2011, BlackRock’s infrastructure investment group has become one of the leading platforms in the industry, managing assets on behalf of institutional and retail investors across the world. BlackRock’s infrastructure investment group encompasses various strategies, including direct private equity, private debt, public securities, and multi-manager investing, executed through commingled funds and separately managed accounts.
Job Purpose/Background:
An opportunity arises to join the Climate Infrastructure Portfolio Financial Management (PFM) team within BlackRock Infrastructure, a team of 12 which primarily provides financial, operational and administrative support for the Climate Infrastructure business within BlackRock. The role will report to the Head of PFM but will work independently to support the investment and operations teams as necessary. The role is New York City based.
Key Responsibilities:
Provision of assistance to the transaction teams as appropriate, including the coordination of the operational elements of investment activities.
Financial control and oversight over a portfolio of renewable energy and supporting infrastructure platforms and assets.
Monitor performance of platforms and assets against multiple benchmarks and KPI’s.
Effective communication of asset performance to Senior Management, Investors and the Team.
Managing and forecasting cashflows to optimize investor returns.
Review and implementation of annual budgets for all portfolio assets.
Work with the legal and tax teams to define the appropriate investment structure, assist entity set ups as required and ensure funding flows are clearly understood, documented and followed.
Integration of newly acquired portfolio assets into BlackRock.
Liaise with third party administration, platform management teams, asset managers and other providers to ensure a proper balance between internal control and operational efficiency at the platform and operating project level and to ensure accurate, timely and comprehensive reporting of performance by each investment on a monthly basis.
Review and assessment, in conjunction with the technical operations team, of monthly operational and financial reports. Identification and resolution of performance issues.
Liaise with fund accounting team on accounting, fund valuation and reporting issues.
Ensure full and timely compliance with regulatory, project and client reporting requirements.
Qualifications, Skills and Attributes:
Background in accounting (ideally Big 4 experience with a CPA) with at least 3 years post graduate experience.
Bachelor or Master Degree in in finance, economics, accounting, business management is preferred
Professionals with strong and broad exposure to investment management, risk management, operations, finance and compliance in the Asset Management industry
Experience within a group finance or reporting role desirable.
Excellent Excel and financial analytical skills
Ability to interpret financial models and large volumes of contractual data.
Strong technical accounting skills, including detailed knowledge and experience in US GAAP.
Excellent written and oral communication skills.
Ability to manage workload autonomously and effectively.
Ability to improve and scale existing processes.
Strong commercial awareness and the ability to apply commercial judgment.
Inquisitive, detail-oriented, self-motivated.
Willing to travel.
Development Value:
Grow with an evolving team and work in a friendly, entrepreneurial team environment.
Experienced senior team with strong team values, providing excellent learning and development opportunities
Significant exposure to worldwide, prestige projects.
Broad and varied exposure to all aspects of the team’s activities, encompassing asset selection, deal execution, asset integration, operational monitoring and reporting, valuation and Investor reporting.
Opportunity to provide input into future growth and operational efficiency
Strong brand in the renewable energy and fund management industry.
For New York City only: The salary range for this position is $180,000 - $225,000. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.
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.
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.
For additional information on BlackRock, please visit @blackrock (http://careers.blackrock.com/) | Twitter: @blackrock (https://twitter.com/blackrock) | LinkedIn: www.linkedin.com/company/blackrock
BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
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.