Associate, Alternatives Fund Accounting

About this role

Join our Fund Services – Accounting team as a Fund Accounting Associate. This role is ideal for candidates who have experience in Accounting and Finance with at least a year of foundational experience in Private Equity fund accounting and offers an opportunity to grow in a high-impact environment. You’ll work on core accounting processes and client reporting for Private Equity funds.

Key Responsibilities

• Prepare quarterly management accounts for Private Equity funds.

• Handle NAV calculations, management fees, and assist in waterfall computations (including carry, equalization, and late closing interest).

• Maintain and process accounting records, including journal entries and general ledger updates.

• Support annual fund audits and liaise with external auditors and clients.

• Prepare draft annual financial statements under UK/US GAAP; exposure to IFRS, Canadian GAAP, and Lux GAAP is a plus.

• Collaborate with the tax team for timely completion of tax engagements and accurate accruals.

• Assist in preparing regulatory returns as required.

• Support cash management functions and treasury operations (bank reconciliations, liquidity monitoring, payment releases).

• Participate in team initiatives, including training and onboarding new clients.

What We’re Looking For

• Minimum 1 – 3 years of experience in Private Equity Fund Accounting [Prior Accounting experience a plus]

• University degree in accounting and/or finance.

• Desire to study CPA, CA, CFA, CAIA, ACCA, or other accounting/finance certification(s) preferred.

• Hands-on exposure to NAV calculations, management fees, and waterfall computations

• Conceptual understanding of the complexities of preparing the financials from a trial balance manually.

• Working knowledge of US or UK GAAP; familiarity with IFRS or other GAAPs is a plus.

• Proficiency in MS Excel and other Microsoft tools.

• Experience with accounting systems or reporting tools a plus; FIA knowledge is advantageous but not required.

• Detail-oriented, eager to learn, and able to work in a fast-paced environment.

What You’ll Gain

• Hands-on exposure to NAV calculations, management fees, and waterfall computations

• Good understanding of complex private equity fund structures.

• Alternative to audit led training experience. Hands-on with client funds

• Strong working knowledge of US or UK GAAP; familiarity with IFRS or other GAAPs is a plus.

• Experience with accounting systems or reporting tools; including eFront Invest.

For Dallas, TX Only the salary range for this position is USD$95,000.00 - USD$127,500.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, 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.

Guidance on AI use for candidates

At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.

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.

To learn more about BlackRock, please visit Careers.BlackRock.com. We also encourage you to get to know us on LinkedIn, Instagram, YouTube, X, and TikTok.

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 the EEOC’s Know Your Rights poster and its supplement and the pay 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 [email protected]. All requests are treated in line with our privacy policy.

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.