Associate NAV Oversight-Private Credit
Company: myGwork
Location: Princeton
Posted on: January 26, 2023
Job Description:
About this role Elevate your career by joining the world's
largest asset manager! Thrive in an environment that promotes
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 effectively engage your involvement in our success. With over
USD $7 trillion of assets we have an outstanding responsibility:
our technology and services empower millions of investors to save
for retirement, pay for college, buy a home and improve their
financial well-being. BlackRock is proud to be an Equal Opportunity
and Affirmative Action Employer. We evaluate qualified individuals
without regard to race, color, national origin, religion, sex,
sexual orientation, gender identity, disability, protected veteran
status, and other statuses protected by law. We will ensure that
individuals with disabilities are provided reasonable accommodation
to participate in the job application or interview process, to
perform crucial job functions, and to receive other benefits and
privileges of employment. Please contact us to request
accommodation. Team Overview The NAV Oversight - Alternatives Team
has responsibility for all fund accounting matters on a variety of
alternative funds including: credit, hedge fund of funds and
private equity products. We are accountable for change management,
risk management and exception management on those funds. Where the
fund administration is outsourced, we manage a range external
vendors to ensure the products are receiving the highest standard
of service, ensuring accurate and timely production of valuations
and maintenance of KPIs and MIS. We work with multiple partners
across BlackRock to support the transition of products, the launch
of new products, closures, in-species and mergers of existing
funds; as well as the day to day operations of the funds. We
participate in client due diligences and support the product and
sales and marketing teams with our accounting expertise. Given the
growth in this asset class we are focused on achieving scale and
efficiency. Role Responsibilities
- Rigorously identifying, evaluating and addressing risks and
taking timely actions to close
- Leading and inspiring technological change processes,
independently coordinating and involving all parties where
required
- Identifying and leading exception management, taking prompt
actions and ensuring exceptions are closed safely and
correctly
- Acting as the key BlackRock contact point for issues by/to
outsourced fund administrators
- Reviewing Fund NAVs and Financial Reports, including call,
distributions, waterfall incentive fee calculations, P&L,
valuations, expense analysis, performance review etc.
- Preparing and reviewing investor reports.
- Global coordination across EMEA and the US
- Communicating with senior parties and collaborating with them
on complex projects, providing sound advice and guidance
- Building strong relationships with various internal and
external partners
- Completing a detailed review of legal documents and policies
and procedures to highlight operational impacts and ensure
operational readiness
- Collaborating with external providers and internal teams to
ensure a robust and scalable operating model is in place both
within BlackRock and in external providers. Managing the year end
audit
- Project managing complex initiatives effectively
- Ensuring alignment with global best practice for controls,
oversight and management of vendors and production of fund asset
valuations and where appropriate provides input and executes
initiatives to enhance such processes. Experience
- 4-7+ years of investment / fund accounting /public accounting
(audit) work experience or equivalent, including review experience
for at least a portion of that time.
- Preferably degree level with relevant recognized qualification
(ACCA, ACA, CIMA, CFA), or equivalent years-served in industry
- Expertise in fund valuation, reporting and administrative
requirements for alternative funds
- Detailed understanding of investment processes and controls,
the fund valuation and transaction lifecycle and key control
frameworks
- Familiarity with reviewing and distilling large and complex
legal documents
- Demonstrable experience in recognizing and delivering
continuous improvement and change
- Capability of working in a fast paced, dynamic environment
- Prior experience of leading and contributing to projects
- Experience of building and leading a high performance team
- Standout colleague with excellent interpersonal skills
including ability to collaborate with a broad network of colleagues
to help resolve issues
- Excellent verbal and written communication skills - ability to
interact and clearly communicate complex concepts to a wide variety
of partners
- Fluency in Microsoft Office (Excel, Outlook, Word, PowerPoint)
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 current hybrid work model is designed to
enable in-person connections and collaboration that is core to our
culture, while supporting increased flexibility for all employees.
In line with local health guidance and regulations, employees are
required to work at least 3 days in the office each week, with the
flexibility to work from home up to 2 days a week. Some business
groups may require more time in the office due to their roles and
responsibilities. The health, safety and well-being of our people
will always be our top priorities; we will continue to monitor
local conditions and health advisories in making decisions about
our work environments. 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 careers.blackrock.com - - Instagram: @blackrock - Twitter:
@blackrock - LinkedIn: 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.
This employer is a corporate member of
myGwork - LGBTQ+ professionals, the business community for LGBTQ+
professionals,
students, inclusive employers & anyone who believes in workplace
equality.
Keywords: myGwork, Trenton , Associate NAV Oversight-Private Credit, Other , Princeton, New Jersey
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