About this roleDepartment DescriptionThe Fund Accounting team's primary responsibility is the books and records of the funds. This responsibility includes oversight, review and reconciliation of the books and records with internal teams including Middle Office, Cash Management, and Asset Management / Valuation as well as with external, third-party fund administrators. This responsibility includes NAV calculation and review, management and performance fees, expense review and management and capital calls and distributions. In addition to the core books and records, Fund Accounting works closely with Legal on fund setup and operation, with Product Specialist and Investor Relations on ongoing and ad hoc analysis and with Management Company Accounting on AUM, performance and fee reporting and revenue recognition.
Position Description BlackRock's Private Financing Solutions division ("PFS) is seeking to recruit a Director level candidate (dependent on experience) to join the PEP/SLS Fund Accounting team based in Princeton, NJ. The Fund Accounting VP/Director performs an integral role within the Fund Accounting team, managing a group of Fund Accounting Analysts and Associates with collective responsibility for review and reconciliation of the funds' books and records. The Fund Accounting VP/Director will be involved in the closing of the books including NAV review and reconciliation, financial statement and disclosure preparation, financial statement review, fee calculations and partners' capital statement review among other responsibilities. Additionally, the Fund Accounting VP/Director will be involved in fund setup and operation and ad hoc internal and investor requests.
Responsibilities Specific responsibilities will include but not be limited to the following:
- Monthly and quarterly closing of the funds' books with fund administrators
- Financial Statement and disclosure preparation
- Review of financial statements
- Management fee and incentive fee waterfall calculation and review
- Review of partners' capital statements
- Review of capital call and distribution calculations and notices
- Review of fund expenses for accuracy and review of accruals and payments
- Review of monthly investor return and NAV estimates
- Preparation and review of quarterly and annual GAAP financial statements
- Review and support monthly and quarterly corporate reporting requirements
- Oversee and review quarterly and annual compliance-related requests, eg, Form ADV, Form PF requests, etc.
- Management and oversight of day to day Fund Accounting function and Analyst and Associate team members.
- Interact regularly with internal clients, stakeholders, external administrators and auditors.
- Ad hoc reporting and projects
Candidate Profile - Minimum 6-12 years of relevant experience in an Accounting role
- Financial Services experience required, Asset Management or Alternative Investment industry preferred
- Accounting degree preferred
- CPA preferred
For Princeton, NJ Only the salary range for this position is USD$184,000.00 - USD$250,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, 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 benefitsTo 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 modelBlackRock'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 candidatesAt 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 on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.
