Associate, Alternatives Fund Accounting

About this role

As an Associate within the FAIR team, you will be part of a high impact team focused on delivering exceptional analytical reports. This team’s work focuses on analysing and recalculating fees and expenses relating to private equity and other alternative investments and providing insight to our LP clients regarding the expense structures of their investments. You will be responsible for providing post investment due diligence services through examining financial data that provides our clients insight into their management fee, expense, and carried interest structures.

If you are an experienced fund accountant, auditor, or financial due diligence professional who appreciates the nuances of private equity agreements, complex legal agreements, and financial structures – FAIR is the place for you. As an Associate, you will have the ability to add value across multiple clients within the FAIR team, enabling you to gain a deep perspective and awareness of the wider industry. You will be in charge of leading client engagements, reviewing FAIR reports, and conducting financial analysis.  You will gain a rich knowledge of the alternative investment market as you create and review reports over the fees charged to our clients in multiple different alternative investments and lead conversations with our clients over their fee structures.

Roles and Responsibilities:

Reporting and Analysis

• Create and review detailed reports over management fees, partnership expenses, and carried interest for a variety of alternative investments, including private equity, real estate, private debt, and hedge funds

• Ensure consistent methodologies around data extraction, fee recalculation, and report creation is applied to all reports

• Identify inconsistencies or large variances and collaborate with our global team and external stakeholders to resolve them

• Perform detailed review of reports created by senior analysts/ analysts for adherence to our methodology, accurate calculations, formatting, and commentary

• Consult with other team members to resolve variances and seek help when methodologies are unclear

• Adhere to team KPIs to ensure timely report delivery for all clients

Client Management

• Act as the main point of contact for clients in the region through responding to client email inquiries, conducting regular status calls, leading presentations, and coordinating report deliveries

• Breakdown and explain complex fund terms, especially those relating to carried interest and management fees

• Collaborate with our global team to create best in industry client experience

• Create detailed presentation materials and present FAIR findings to clients on a quarterly basis

• Communicate project status, issues, and solutions effectively to both clients and internal teams

• Conduct regular client meetings in which you present detailed status reports and review progress of the overall deliverables

Key requirement for this role:

Reporting and Analysis

• Minimum 4 years of experience in fund accounting, investment management, external audit, or another private equity-adjacent role from a reputed organisation

• Excellent understanding of financial statements including notes to financial statements, capital account statements, cash flow notices, ILPA templates, and other information regularly published by General Partners

• General understanding of limited partnership agreements, private equity fund structures, and associated fees

• Meticulous attention to detail in creating and reviewing reports

• Demonstrates ownership, self-motivated to meet KPIs and delivers quality reports

• Excellent Microsoft Excel skills required including the ability to work with complex functionalities (Formulas, pivot tables, ability to run existing macros)

• Strong written and verbal communication skills to collaborate with a global team

• Prior experience with Jira and Power BI preferred but not required

• Bachelor’s degree in accounting or finance required

• CPA, CFA, CAIA or other accounting/ finance certification(s) preferred

Client Management

• 2+ years of experience in client management/ service as a financial consultant, auditor, investment advisor, or other financial service field

• Demonstrated ability to manage client relationships to ensure client satisfaction

• Strong presentation skills including the creation of presentation materials in Microsoft PowerPoint and the ability to break down and explain complex topics to key stakeholders

• Exceptional written communication and interpersonal skills to keep projects on track

• Ability to plan and manage multiple projects/ clients while maintaining excellent client service and on-time delivery

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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 Employer.  We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.