Associate, Alternatives Fund Accounting (NE)
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Job Location:
Monthly Salary:
Posted on:
22 hours ago
Vacancies:
1 Vacancy
Job Summary
About this role
The role requires a detailed technical understanding of Private Equity funds and the specific intricaciesrequiredin preparing financial statements computing carry private equityequalizationand late closing interest. The role also requires detailed knowledge through direct working experience of waterfallsIRRand other performance metrics (e.g.MoiC DPI TERs). The successful candidate will have extensive experience in preparing periodic and annual audited GAAP based financial statements specifically for Private Equity funds.
Whatyoullbe doing:
Prepare and review quarterly management accounts for client private equity funds.
Lead general client reporting requirements understanding the structure of the existing reports and client service levelstandardsand key performance indicators (KPIs).
Compute carryequalizationand late closing interest for funds administered. Prepare and review waterfall calculations.
Maintain and process accounting records through journals and other transactions to the general ledger and trial balance.
Manage and coordinate annual fund audits with external auditors and the client.
Review draft annual financial statementsin accordance withIFRS UK GAAP US GAAP Canadian GAAP and Lux GAAP depending on fund domicile.
Liaise with the tax team to ensuretimelycompletion of tax engagements andappropriate chargesand accruals are recorded in the financial statements.
Complete and review regulatory returns as and when.
Develop a clear understanding ofcashmanagement function of the funds.
Work with and provide support to the treasury team as and when required including but not limited to review bank reconciliation cash management reports daily liquidity monitoringinvoiceand payment releases
Involvement in vital team management and allocation planning
Training development and potential management of junior team members
Involvement in RFPs for new prospects and successful onboarding of new clients
Whatyoullbring to us:
Strongrelated experience in the financial service industry preferred
An understanding of fund/group structures preferred but not essential
Knowledge on private equity carry waterfall LCI andequalisationspecific to private equity funds
UK or US GAAP working knowledge is essential and IFRS Canadian GAAP or Lux GAAP is desirable but not essential
Experience with FIA (front invest analytics) ideal but not
Excellent working knowledge of accounting databases/running reports
Competent user of MS Excel and other MS products
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 Employer. We evaluate qualified applicants without regard to age disability family status gender identity race religion sex sexual orientation and other protected attributes at 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.
