Director, Alternatives Fund Accounting

About this role

GAAPS Alts Director – Public-Private Fund CFO

Global Accounting and Product Services ("GAAPS"): Alternatives Operations supports BlackRock alternative investment products across its $319B platform of alternatives assets under management. BlackRock takes a dynamic approach to alternative investments, creating innovative investment vehicles that increasingly capitalize on evolving opportunities in fast-changing markets. We offer clients strategies designed to provide returns with varied correlations to the equity and bond markets, including private credit and direct lending, private equity, real estate equity and debt, hedge funds of funds, infrastructure equity and debt, renewable energy and transition investment products, single strategy hedge funds, long-only absolute return strategies, commodities and structured products.

Team Overview

Elevate your career by joining the world's largest asset manager! Thrive in an environment that fosters positive relationships and recognizes outstanding performance! A seasoned accounting and finance executive is needed to act as Chief Financial Officer (CFO) to oversee the accounting, reporting and operations of BlackRock’s latest evergreen private fund offerings focused on real estate and infrastructure investment strategies. Oversight responsibilities will include: maintenance of accurate books and records, preparation of financials and SEC filings, dividend management, preparation of board and investor materials, financial forecasting, liquidity management and oversight of credit lines, implementation of Sarbanes-Oxley compliant control framework, Board and investor presentations on financial results, service provider management and other relevant roles.

Role Responsibility

The CFO will assume responsibility for oversight and delivery of:

• Accurate and timely close of accounting books and records produced by the service provider for the portfolio and the fund for each month-end close.

• All financial reporting, including SEC filings and related disclosures, as well as management reporting.

• Preparation and delivery of quarterly presentations to the Board of Directors and investors.

• Performance of cash and income analyses and forecasting.

• Management and incentive fee calculations, tracking and projections.

• Periodic compliance reporting.

• Design and implementation of SOX compliance processes and ongoing internal control testing in order to ensure a best-in-class control environment.

• Liaising with administrator, custodian, transfer agent, and other outside vendors to facilitate daily business activities.

• Determination of dividend amounts and oversight of calculations and payments.

• Preparation and monitoring of tax compliance tests, borrowing base calculations, asset coverage tests, liquidity tests, etc.

• Liquidity management and oversight of credit facilities.

• Service provider management.

Experience

We are looking for an experienced finance and accounting leader who will be detail oriented, highly analytical and proactive with respect to identifying and implementing operational processes to achieve accuracy, strong internal controls and efficiencies. Additionally, candidate should be able to flourish in an extremely fast-paced and growing environment.

• BA degree in accounting, finance, economics or a related field, MBA a plus.

• Minimum of 15+ years of related experience, preferably with a public-reporting entity or a “Big 4” public accounting firm.

• Extensive prior experience in accounting, administration, financial control or audit function for private funds including SEC filing experience REQUIRED.

• Strong accounting skills, including knowledge of US GAAP and financial statement presentation; CPA preferred.

• Thorough knowledge of internal controls as they relate to the accounting operations of a public filer and SOX implementation experience.

• Ability to work under pressure and meet deadlines in a fast paced and team- oriented environment.

• Executive level verbal and written communication skills including experience interacting with Boards, investors, service providers and lending agents.

• Ability to assist in facilitating process integration and improvements.

• Strong organizational, analytical, problem-solving and planning skills, including the ability to multitask.

• Proficient in Microsoft Office products, emphasis on Excel; knowledge of the investment company industry a plus.

For Wilmington, DE Only the salary range for this position is USD$173,500.00 - USD$225,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

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 hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

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 @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.