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Alternatives Investor Services Associate

BlackRock
Princeton, United States
Posted about 3 hours ago Permanent Competitive
Alternatives Investor Services Associate
Description

About this role

GAAPS Alternatives | Alternatives Investor Services Associate | Princeton

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 effectively engage your involvement in our success. With over USD $10 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:

BlackRock Alternative Investors (BAI) is one of the top five largest alternative asset managers in the world. We are active in all asset classes and connect them in ways other firms can't match, organizationally aligning under a single leadership across products and adhering to a common operating process across the assets consisting of real estate, infrastructure, credit, private equity and hedge funds. Our scale means we offer expertise and access unique to BlackRock, and you'll collaborate with teams across our firm in unexpected ways. As part of a key growth engine for the firm, you'll be invited to continue building the platform that is shaping the future of Alts investing by inventing and evolving innovative tech solutions on a team that continuously outperforms - setting new standards. Grow your career with the firm that's building tomorrow's alternatives platform, backed by a purpose that drives positive outcomes for clients and the communities we serve.

The Alternatives Client Services team support all of BlackRock's privately placed alternatives products, including private credit, private equity, real asset funds and hedge funds and fund of hedge funds from the time of investor onboarding throughout the life cycle of the fund. The team are primarily responsible for investor onboarding, report distribution, transfer agency oversight and investor queries as well as internal and external reporting and client data management.

Your daily tasks may include:
  • Managing the client onboarding process including subscription document review and AML/KYC coordination. This also includes partnering with the transfer agencies for the proper sign off ahead of the fund closing.
  • Liaising with the Product Strategy and Sales Teams on the client pipeline throughout the offering period for the fund and providing updates on the status of onboarding.
  • Management of client data during onboarding process which includes building and maintaining client profiles and investor attribute universe.
  • Overseeing account level reporting and distributions to clients (i.e. monthly, quarterly, and annually)
  • Coordinating cash flow management with clients and portfolio managers (i.e. contributions, distributions, and product updates with clients / 3rd parties). Tracking and handling client cash flow activity.
  • Servicing as the liaison with clients and 3rd parties, fielding inquiries, researching requests, and coordinating appropriate responses
  • Transfer Agent oversight and quality control. Work with our 3rd parties to create transparency between BlackRock and vendors and ensure a positive client experience.
  • Guiding team members as needed in successful completion of Alternative Client Support processes, deliverables and or improvements


You have:
  • 5-8 years' experience working within a financial services or banking platform, with financial securities, private placements, and limited offerings a plus.
  • Confirmed acumen for financial concepts, ability to speak intelligently and confidently while using applied financial reasoning.
  • Highly attentive, ability to focus, excellent follow-through, flexibility and stellar grammar and English skills.
  • Self-motivated, dedicated, able to change directions quickly, and capable of working well with strong personalities.
  • Excellent communication skills, both orally and in writing
  • Capacity to multi-task, balance multiple priorities and meet deadlines in a dynamic and changing environment
  • Ability to support cross-functional projects and teams
  • Facility to grasp complex concepts and details quickly
  • Proven ability to work independently and as part of a team
  • Analytical problem-solving and troubleshooting skills


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 pilot

BlackRock's current hybrid work pilot is designed to help you experience the best of both worlds: the opportunity to connect with colleagues in person and the flexibility to work remotely, with greater time to focus on what's important to you. In line with local health guidance and regulations, employees are generally expected to work 3 days in the office and 2 days from home (on average) each week. For some business groups, more time may be required in the office, while greater flexibility may be in place for others. Our "One BlackRock" culture means you'll be supported to collaborate with your new colleagues while bringing your full self to work - wherever you are.

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 | www.blackrock.com/corporate | Instagram: @blackrock | Twitter: @blackrock | 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.
Job ID  R222800
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