NAV Oversight Associate - DEL NAV Oversight Associate - DEL …

BlackRock
in Wilmington, DE, United States
Permanent, Full time
Be the first to apply
Not Specified
BlackRock
in Wilmington, DE, United States
Permanent, Full time
Be the first to apply
Not Specified
About this role GAAPS Alternatives | Associate NAV Oversight | Wilmington About BlackRock Elevate your career by joining the world's largest asset manager! Thrive in an environment that fosters positive relationships and recognizes outstanding performance! We know you want to feel valued every single day

About this role



GAAPS Alternatives | Associate NAV Oversight | Wilmington

About BlackRock

Elevate your career by joining the world's largest asset manager! Thrive in an environment that fosters 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 actively engage your involvement in our success. With over USD $6 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.



Team Overview

The Global Accounting and Product Services (GAAPS) division is responsible for providing operational support to BlackRock’s portfolio management teams and clients. GAAPS is central to BlackRock’s operations in providing subject matter expertise, monitoring fund administrator service delivery in relation fund accounting and financial reporting, monitoring operational capacity for new products, contributing to projects in relation to product launches and liaising with fund administrators, auditors, fund directors and portfolio managers. The group comprises of a number of teams and is organized both functionally and regionally. This position is within the Open-End NAV Oversight team supporting alternatives in the US.



Role Responsibilities

  • Ensure a best in class control environment exists internally in an oversight capacity and externally within our 3rd party administrators
  • Partner with internal teams who support the same product set, including our portfolio management, legal, tax, product strategy, corporate accounting and finance and all other necessary groups
  • Support the business in the successful launch of new products or the liquidation of legacy products at the end of their stated term
  • Perform detailed reviews and analysis of key reconciliations (cash, position) and contribute to resolution of breaks.
  • Review portfolio P&L in connection with approval of NAVs and remediate outages between internal and external calculations.
  • Recalculate management and performance fees, including those with on highwatermarks and hurdles, in connection with NAV reviews and approvals.
  • Provide input on annual audited financials in conjunction with the alternative financial reporting group.
  • Product management responsibilities including liaising with funds’ independent auditors, tax providers and administrators to ensure proper close-out of all open inquiries.
  • Support required regulatory filings, such as Form PQR, Form PF, and AIFMD filings.
  • Communicate performance results to investors and resolve investors’ questions.
  • Custom reporting and projects for investor specific needs.
  • Group project opportunities related to implementation of new product accounting, operational procedures, and planning / evaluating technology enhancements.
  • Support the investment and business team with marketing and product launches


Experience

  • 3-5 years of relevant investment / fund accounting or public accounting (audit) work experience, including review experience for at least a portion of that time.
  • Bachelors’ degree in Accounting (strongly preferred) or Finance. CPA a plus.
  • Excellent communication skills (written and verbal).
  • Proper and effective accounting skills including knowledge of GAAP and financial statements.
  • Sound analytical and problem solving skills.
  • Solid time management skills.
  • Ability to manage projects and team members, work under pressure, and hit deadlines.
  • Fluent in Microsoft Office products, emphasis on Excel.

About BlackRock

BlackRock’s purpose is to help more and more people experience financial well-being. 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 September 30, 2019, the firm managed approximately $6.96 trillion in assets on behalf of investors worldwide.

For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock |

Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock

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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