Analyst - Private Equity, Fund Accounting / Princeton, NJ OR Wilmington, DE
About This Role
HPS Investment Partners, a part of BlackRock, is a leading global, credit-focused alternative investment manager. The HPS/BlackRock Transaction brings together BlackRock’s corporate and asset owner relationships with HPS’s diversified origination and capital flexibility, forming a new private financing solutions business unit ("PFS"). This combined platform offers broad capabilities across senior and junior credit solutions, asset-based finance, real estate, CLOs, and GP-LP solutions.
Position Description
The Private Equity Fund Accounting Analyst performs an integral role within the Fund Accounting team and is responsible for reviewing and reconciling the funds' books and records, liaising with internal BlackRock departments and external third-party fund administrators.
Key Responsibilities
- Review monthly and quarterly NAV packages.
- Review trade activity, income and expenses, for accuracy.
- Prepare and review investor capital call and distribution notices.
- Review allocations of fund-level profits and losses to investors and support the preparation and distribution of ILPA-compliant investor statements in accordance with fund legal documents.
- Review management fee and carried interest calculations.
- Oversee fund expense analyses and coordinate expense processing.
- Review quarterly and annual U.S. GAAP (or equivalent) financial statements and regulatory filings.
- Review key fund legal documents, including Limited Partnership Agreements, Private Placement Memorandums, Side Letters, and Credit Facility Agreements.
- Coincide and communicate with internal teams, clients, auditors, and other external stakeholders to support reporting, audits, and operational processes.
Candidate Profile
- Bachelor’s Degree in Accounting or Finance
- 2-6 years of combined experience in a Fund Accounting role, and/or public accounting role supporting clients within the financial services industry (preferably within Private Equity, Private Credit, Public Credit, or Hedge Funds)
- Big four public accounting experience is a plus
- Certified Public Accountant (CPA) (or equivalent)
- Strong verbal and written communication skills
- Positive attitude and willingness to continuously learn
- Self-motivated with the ability to work in a fast-paced environment with minimal supervision
- Able to consistently be attentive to detail while meeting critical deadlines and handling multiple tasks simultaneously
- Strong organizational skills
- Thorough knowledge of internal controls
- Ability to work with large volumes of data and maintain high levels of accuracy
Salary Range
- For Princeton, NJ: USD$76,000.00 - USD$95,000.00
- For Wilmington, DE: USD$66,500.00 - USD$85,000.00
Benefits
- Comprehensive healthcare
- Leave benefits
- Retail benefits
- Retirement benefits
- Annual discretionary bonus
Our Benefits
- Flexible Time Off (FTO) to relax, recharge, and be there for the people you care about
- Hybrid work model enabling collaboration and apprenticeship
- Guidance on AI use for candidates
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.
Equal Employment Opportunity
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 Disability.Assistance@blackrock.com. All requests are treated in line with our privacy policy.