Associate, Private Credit Fund Accounting, PFS

BlackRock's Private Financing Solutions division ("PFS") is currently hiring for an Associate level individual on the Fund Accounting team to support BLK Private Credit Funds. Private Credit is a strategic focus for the firm and this position will be part of a core accounting team in Princeton, NJ. The position offers significant growth opportunities both organically as the firm expands our product offerings, as well as opportunities to be involved in ongoing platform-wide projects.

The Fund Accounting Associate performs an integral role within the Fund Accounting team and is responsible for review and reconciliation of the funds' books and records, liaising with both internal departments and external third-party fund administrators. The Fund Accounting Associate will be involved in the closing of the books including NAV review, reconciliation, financial statement review, and partners' capital statement review among other responsibilities. Additionally, the Fund Accounting Associate will be involved in fund setup and operation and ad hoc internal and investor requests.

Responsibilities Specific responsibilities will include but not be limited to the following:

• Monthly and quarterly closing of the funds' books with fund administrators & maintaining shadow books and records

• Preparation and review of complex Management fee and incentive fee calculations

• Preparation and review of partners' capital statements

• Preparation and review of capital call and distribution calculations and notices

• Review of fund expenses for accuracy and coordination of accruals and payments

• Calculation and review of monthly investor return and NAV estimates

• Preparation and review of quarterly and annual GAAP financial statements

• Drive increased efficiency and innovation through continuous review of operating procedures and planning / managing, evaluating, and implementing technology improvements

• Demonstrate complete ownership of the day-to-day accounting and administrator oversight to ensure timely and accurate delivery of reporting to Investors by all team members across the group

• Ensure a robust control environment exists both at the fund service providers and internally to ensure risk of error is mitigated

• Be actively involved in Accounting Policy related discussions, understand and communicate the impact to the business, financial results, and reporting/disclosure requirements if applicable

• Responsible for regulatory compliance with SEC, NFA, and other regulations for products under your guidance

• Ad hoc reporting and projects

• Bachelor's degree in Accounting, Finance, or Economics preferred

• 3-5 years of combined work experience in a Fund Accounting, and/or public accounting role supporting clients within the financial services industry (preferably within Credit or Asset Management with exposure to Private Credit)

• "Big Four" public accounting experience preferred

• CPA preferred

• Excellent communication skills, both written and verbal

• Ability to work independently with the willingness to constantly think outside of the box

• Highly organized and proven ability to execute and manage complex logistics, projects, and tasks under tight time constraints

• Strong analytical/logical mindset and attention to detail; extensive experience working with large sets of data is preferred

• Fluency required in Excel (VBA knowledge a plus), PowerPoint and Word

For New York, NY 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.

For Princeton, NJ 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.