Associate, Alternatives Fund Accounting

About This Role

Join our Fund Services – Accounting team as a Fund Accounting Associate. This role is ideal for candidates 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.
• Aid 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.

Pay & Benefits

The salary range for this position is USD$0.00 - USD$0.00. 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.

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. 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.