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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 - - 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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