Director, General Accounting / Alternatives Controllers - Delaware/New York

About this role

About BlackRock

Elevate your career by joining the world’s largest asset manager! At BlackRock, we foster an environment that values positive relationships and recognizes outstanding performance. With over $11 trillion in assets, we empower millions of investors to save for retirement, pay for college, buy a home, and improve their financial well-being. We are committed to innovation and excellence, and we strive to engage our employees in our collective success.

Team Overview

The Alternative Fund Controllers team is a vital component of the Global Alternative Operations team. We concentrate on all aspects of fund controller for the Alternative Funds managed by BlackRock. Our completely coordinated alternative investment capabilities enable us to bring to bear BlackRock’s extensive resources in risk management, product development, client service, and operational support.

Role Responsibility

As a Director within the Alternative Fund Controllers team, you will:

• Collaborate with Alternative Operations and Private Markets leadership to improve the operating model for private funds, incorporating best-in-class processes and innovative technology.

• Partner with client-facing teams to support client due diligence meetings and requests.

• Work closely with Portfolio Management, Operations, and Client Servicing/Reporting teams to develop a robust operating model for the Alternatives platform.

• Serve as the main point of contact for critical issues with our business partners.

• Coordinate process re-engineering to identify risk areas, implement scalable solutions, and drive efficiencies.

• Develop mechanisms to monitor business as usual (BAU) processes and produce platform-wide metrics to better understand the highest areas of risk in our oversight model.

• Provide thought leadership and guide the team towards increased independence in BAU and fund ownership.

• Engage team members in career development conversations to promote growth and skill improvement.

• Collaborate with external fund administrators to improve controls, reduce operational risk, and increase accuracy.

• Participate in health checks to evaluate operational frameworks for efficient service from administrators.

• Resolve operational issues in collaboration with external service providers, internal team members, and other BlackRock groups.

• Actively participate as a voting member on private valuation committees for direct co-investments.

• Ensure process documentation and controls are regularly updated and reviewed.

• Lead cash management and credit facility meetings with senior team members within the Alternatives platform.

• Engage in new product onboarding with Product Oversight and Fee Oversight teams, including a detailed review of draft legal documents, especially fee mechanics.

Experience

• 15+ years of experience in consulting, portfolio management, operations, fund accounting, or related areas with a focus on private funds and private markets investments.

• Former big-4 audit and lead controller experience in the alternative asset industry is preferred.

• Proven ability to lead a distributed team of 30+ individuals with strong people management skills.

• Bachelor’s degree in finance or accounting or equivalent experience is required; CPA preferred.

• Understanding of systems and data architecture is essential.

• Familiarity with eFront and/or Aladdin is a plus.

• Excellent written and oral communication skills.

• Ability to multi-task in a fast-paced environment.

• Highly organized and adaptable to variable deadlines.

• Strong analytical and problem-solving abilities.

• Demonstrated success in high-performance or high-demand environments.

• Initiative and a willingness to contribute beyond the scope of the role to achieve team and firm objectives.

For New York, NY Only the salary range for this position is USD$194,000.00 - USD$270,000.00 . 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. For Wilmington, DE Only the salary range for this position is USD$173,500.00 - USD$225,000.00 . 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.

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 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.