Associate, Capital Deployment & Liquidity Management – Private Financing Solutions
New York City, NY - USA
Job Summary
About this role
The role will be within our Private Financing Solutions (PFS) team. This new platform brings together several leading franchises (private credit GP/LP solutions and liquid and private credit CLO businesses) under one structure to serve client needs and deepen our role in the financing ecosystem. PFS is built to address the structural forces reshaping markets and deliver more complete solutions across public and private investments.
The Capital Deployment & Liquidity Management team is responsible for implementing investment decisions across credit products while also providing oversight of the governance model and adherence to BlackRock investment best practices.
BlackRock is seeking a dedicated professional to join its Private Financing Solutions Capital Deployment & Liquidity Management team focused on overseeing the ongoing management of complex credit mandates and collaborating with teams across the platform including investment professionals product strategists and business operations to deliver differentiated target outcomes for our clients. Specific responsibilities include but are not limited to:
Responsibilities:
Work closely with various teams on the fundings of new investments across all private credit platforms.
Monitor and coordinate future funding requirements; e.g. unfunded commitments Fund expenses distributions etc.
Anticipate and resolve operational issues arising during the evolving investment processes (e.g. trade execution settlement portfolio compliance hedging etc.)
Coordinate investment allocations for all funds on the platform and confirm adherence to Allocation Policy (e.g. investment guideline compliance portfolio construction targets etc.)
Complete pre-trade compliance checks across all portfolios and mandates (e.g. check side letters and/or IMAs to confirm potential investment does not breach any agreed terms or investment guidelines)
Develop and maintain relationships with key BlackRock operational professionals (e.g. legal tax trading operations portfolio compliance pricing cash ops operations and fund administration)
Deal management
Model monitor and document portfolio allocations and coordinate internal approvals
Drive efficient deal execution by coordinating with sponsors co-lenders external counsel agent banks and internal stakeholders
Cash management
Monitor liquidity across funds including cash forecasting managing borrowing capability and dry powder.
Recommend distributions and capital calls to Portfolio Managers
Oversee the ongoing management of subscription lines and leverage facilities to ensure they are used optimally
Qualifications:
Strong academic background and ideally 2 years of private markets experience
Self-motivated with ability to operate with modest oversight
Strong organizational and project management skills
Candidate must be comfortable owning the spectrum of oversight functions for credit mandates including portfolio management overlays and operational procedures
Strong attention to detail and ability to multi-task
Candidate must be able to collaborate extensively across teams and think innovatively around ways to improve existing processes
Proficiency in Microsoft Excel including knowledge of advanced functions (knowledge of VBA is not required but will be viewed positively)
Experience with Aladdin software will be viewed positively
Experience with leveraged finance direct lending closed-ended portfolio management or structed product will be viewed positively
Experience in Python R and SQL will be viewed positively but not required
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 well-being. 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: 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.
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.Required Experience:
IC
About Company
BlackRock is one of the world’s preeminent asset management firms and a premier provider of investment management. Find out more information here.