BlackRock Product Oversight and Governance Associate in Wilmington, Delaware
Product Oversight and Governance Associate
Governance & ProxyDEWilmington,,Requisition #: R191857
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Product Oversight and Governance Associate
BlackRock helps investors build better financial futures. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of March 31, 2019, the firm managed approximately $6.52 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com | Twitter: @blackrock at https://twitter.com/blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock .
Position within the Alternatives Accounting and Product Controllers team overseeing BlackRock’s Alternative Investments business. As an experienced professional, this position supports a complex and fast-paced alternative investment fund business in a dynamic and challenging environment. BlackRock Alternative Investors (BAI) is a strategic focus for the firm and this position will be part of a core accounting team in Wilmington, DE focused on Closed End Alternative Funds. The position offers significant growth opportunities both organically as the firm expands our product offerings, specifically in the Closed End Space, as well as opportunities to be involved in ongoing platform wide projects.
Day to day responsibilities include portfolio and investor oversight for a range of Closed End Alternative Funds. The investment portfolios generally have broad investment guidelines which means the candidate will learn about multiple asset classes including but not limited to global private credit, private equity, real estate, securitized assets, derivatives, SPVs used for legal or tax structuring amongst others.
We are looking for a career driven team player that will join the Global Accounting and Product Services (“GAAPS”) team that supports investment operations for BlackRock’s Closed End Alternative Investments business. This individual will be challenged to fully own all responsibilities for the accounting oversight and interact with the internal core teams responsible for the product set they oversee. This means client, portfolio management, legal, tax, middle office, financial reporting and pricing, amongst other teams will rely on this individual to help resolve complex questions related to their products.
•Demonstrate complete ownership of the day to day accounting and administrator oversight to ensure timely and accurate delivery of reporting to LPs
•Interact with multiple internal and external stakeholders over the course of the year requires strong communication skills and ability to understand third party requests and deliver solutions to meet those stakeholder needs
•Ensure a robust control environment exists both at the fund service providers and internally to ensure risk of error is mitigated
•Oversee regulatory compliance with SEC, NFA, and other regulations for product’s under the individual’s purview
•Recalculate management fee and carried interest in accordance with fund legal documents and report associated revenue to corporate controllers team
•Responsible for engaging with audit team around complex accounting topics and successful planning, coordination and completion of audited financials each year
•Communicate performance results to investors and resolve investors’ questions.
•Participate in investor due diligence meetings, as required for product set, and explain the controls in place to ensure proper reporting to clients is achieved
•Field custom reporting requests and projects for investors and/or business specific needs and develop reporting to deliver back to clients/stakeholders
•Drive increased efficiency and innovation through continuous review of operating procedures and planning / evaluating technology enhancements.
•BS/BA degree in accounting, finance, economics or a related field.
•Advanced degree and/or CPA are preferable.
•4+ years of relevant investment / fund accounting or public accounting (audit) work experience. Alternative investment experience, especially in Closed End/Private Equity preferred but not required.
•Candidate must have knowledge of technical and regulatory issues affecting the alternative investment fund industry, including knowledge of investment company accounting/reporting, US GAAP and IFRS;
•Proficiency in Microsoft Excel, Word and PowerPoint.
•Takes ownership for outcomes and is personally accountable for results (Accountability & Ownership);
•Analyze relevant information using logic and consider relevant facts to make rational, realistic and sound decisions (Analytic Ability);
•Produces accurate work and spots mistakes/errors and makes appropriate corrections (Attention to Detail);
•Understands common business and financial terminology including how organizations operate, compete and grow (Business Acumen);
•Excellent verbal, written and interpersonal communication skills including ability to clearly articulate results of financial analyses as wells as issues to senior management and the auditors (Communication Skills);
•Self-motivated, determined to achieve goals and works hard to meet those goals. (Drive, Determination and Execution);
•Works effectively to plan and prioritize responsibilities including ongoing and ad hoc projects simultaneously (Plan and Prioritize);
•Develops practical and pragmatic solutions to problems (Problem Solving);
•Effectively plans, implements and develops a methodical approach to projects (Project Management);
•Builds working partnerships and sustains collaboration in the workplace. (Relationship Building);
•Promotes and facilitates the group’s work while contributing to the group using inspiration and motivation (Teamwork);
•Generates fresh ideas using structured thinking by reevaluating existing approaches and processes (Innovation and Creativity);
•Proactively acts upon opportunities and is a self-starter (Takes initiative).
•Strong working knowledge of various financial instruments, especially private investments, and accounting for those instruments in accordance with GAAP.
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.
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BlackRock is proud to be an Equal Opportunity/Affirmative Action Employer. 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 EEO is the Law poster here at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf and its supplement here at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCPEEOSupplementFinalJRFQA508c.pdf . The pay transparency policy is available here at https://www.dol.gov/ofccp/pdf/pay-transp_formattedESQA508c.pdf .
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