Associate Fee Onboarding Calculation Oversight - Delaware

About this role

About BlackRock

Elevate your career by joining the worlds largest asset manager! Thrive in an environment that promotes 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 wellbeing.

Team Overview

The Fee Oversight Team within Global Alternatives Operations is passionate about working with the relevant partner groups across the firm ranging from longterm strategic and tactical solutions to the complex issues presented by managing and operating alternative products. The teams engagements are high profile initiatives which require team members to have senior level exposure and play an active role in crafting the future state operating model of Global Alternatives Operations. The team has a special focus on management and performance fee calculations across BlackRock Private Markets that are the most critical components to BlackRocks revenue.

Role Responsibilities

We are looking for a candidate to work as part of a global team that will be able to make an immediate contribution to various projects with a specific focus on management fees performance fees and complex distribution waterfalls. This includes effectively understanding the business and specific issues that need to be addressed developing a strategy tracking key achievements using firm resources and skills to execute on plans and efficiently deploying the solution across the Global Alternatives Operations team. Specific responsibilities include:

Fee Expertise and Calculations

• Review existing unrealized and realized waterfall models which include preferred return recycling capital carried interest and claw back

• Collaborate with teammembers and thirdparty service providers to build and/or review fee calculations for alternative investment products that have launched recently

• Interpret sophisticated fee agreements and other legal documentation to ensure timely and accurate fee calculations

• Participate in new business discussions with prospective and existing clients around fee structures

• Build fee models designed to anticipate future scenarios and stresstest the calculation mechanics proposed to clients

Project Management and Oversight

• Lead the continuous assessment of the oversight model to mitigate risk of fee calculation errors

• Ensure that the team operates within the bestinclass control environment

• Understand the various Alternative investment strategies within BlackRock Private Markets and the challenges faced by each team

• Understand the alternatives industry and how changes to that industry will impact BlackRock Private Markets

• Ensure new funds are onboarded within an outstanding control framework ensuring external service providers have strong controls around fee calculations

• Ensure strict adherence with product policies and guidelines to ensure all legal compliance and audit standards are met

• Effectively communicate complex concepts and procedures to all levels throughout the firm

Technology and Future State

• Drive the technology requirements for new and existing fee model improvements across external service providers including appropriate test planning and rollout of process

• Partner with internal development teams to enhance existing procedures across the team

Experience

• 35 years of work experience in financial services 2 years alternative investments preferred

• Complex modeling ability with experience in incentive fees carried interest and management fee calculations

• Capability to read understand and follow complex legal agreements and offering materials

• Ability to prioritize multitask and work independently

• Excellent communication presentation skills and comfort in senior management communication

• Outstanding academic achievement broad based work experience and demonstrated leadership experience

• Creativity with an analytical mind and openness to using technology to solve problems

• Entrepreneurial spirit that is willing to take on additional responsibility quickly

Preferred Qualifications

• Management reporting and/or investment partnership accounting experience

• Proficiency with a coding language such as VBA SQL or Python.

• Proficiency reading and interpreting various accounting reports and financial statements

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

BlackRocks 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 wellbeing. Our clients and the people they serve are saving for retirement paying for their childrens 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. Its why were 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/company/blackrock

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees and we evaluate qualified applicants without regard to race creed color national origin sex (including pregnancy and gender identity/expression) sexual orientation age ancestry physical or mental disability marital status political affiliation religion citizenship status genetic information veteran status or any other basis protected under applicable federal state or local law.View theEEOCs Know Your Rights poster and its supplementand thepay transparency statement.

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process please email . All requests are treated in line with our.