BlackRock is an investment and financial services firm offering investment, advisory, and risk management solutions. The company works with clients to support their financial well-being, with a fiduciary focus on long-term value and corporate governance. Its work also includes adapting investment approaches to global economic shifts, including the transition to a low-carbon economy.
Private Credit Fund Accounting Associate
BlackRock seeks a fund accounting associate to support its private credit funds. The role covers NAVs, fees, capital activity, financial statements, and fund administrator oversight.
United States
New Jersey
New York$95,000 – $127,500 / year
HybridFull-timeMiddleEnglish RequiredAccounting ManagerDescription
- Review and reconcile fund books and records.
- Coordinate with internal teams and external fund administrators.
- Close fund books monthly and quarterly.
- Maintain shadow books and records.
- Prepare and review complex management and incentive fee calculations.
- Prepare and review partners’ capital statements.
- Prepare and review capital call and distribution calculations and notices.
- Review fund expenses and coordinate accruals and payments.
- Calculate and review monthly investor returns and NAV estimates.
- Prepare and review quarterly and annual GAAP financial statements.
- Improve efficiency through operating procedure reviews and technology enhancements.
- Oversee daily accounting and administrator work to support timely, accurate investor reporting.
- Maintain strong internal and service provider controls.
- Contribute to accounting policy discussions and communicate effects on the business, financial results, reporting, and disclosures.
- Ensure compliance with SEC, NFA, and other applicable regulations.
- Complete ad hoc reporting and projects.
- Support fund setup and operations, and respond to internal and investor requests.
Requirements
- Bachelor’s degree in Accounting, Finance, or Economics preferred.
- Three to five years of combined fund accounting and/or public accounting experience supporting financial services clients.
- Experience in credit or asset management, ideally with private credit exposure, preferred.
- Big Four public accounting experience preferred.
- CPA preferred.
- Strong written and verbal communication skills.
- Ability to work independently and approach problems creatively.
- Highly organized, with a record of managing complex logistics, projects, and tasks under tight deadlines.
- Strong analytical and logical thinking, with close attention to detail.
- Extensive experience handling large data sets preferred.
- Proficiency in Excel, PowerPoint, and Word.
- VBA knowledge is a plus.
Benefits
- Annual discretionary bonus.
- Healthcare benefits.
- Leave benefits.
- Retirement benefits.
- Strong retirement plan.
- Tuition reimbursement.
- Comprehensive healthcare.
- Support for working parents.
- Flexible Time Off (FTO).
- Hybrid schedule with the option to work from home one day per week.