VP, PEP/SLS Fund Accounting, PFS

About the role

HPS Investment Partners, a part of BlackRock, is a leading global, credit-focused alternative investment manager that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for clients. The firm manages various strategies across the capital structure, including privately negotiated senior debt; privately negotiated junior capital solutions in debt, preferred and equity formats; liquid credit including syndicated leveraged loans, collateralized loan obligations and high yield bonds; asset-based finance and real estate. The scale and breadth of the platform offers flexibility to invest in companies large and small, through standard or customized solutions.

On July 1, 2025, BlackRock acquired the business and assets of HPS, forming a new private financing solutions business unit (PFS) led by Scott Kapnick, Scot French, and Michael Patterson. The combined platform has approximately $370 billion in client assets, including $205 billion of private credit assets, with more than 590 investment professionals and approximately 1,300 employees globally. PFS offers broad capabilities across senior and junior credit solutions, asset-based finance, real estate, CLOs, and GP-LP solutions.

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 and recalculate performance metrics such as DPI, MOIC, TVPI, and IRR.
• 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.
• Lead the setup and onboarding of new funds and entities, working closely with administrators and internal partners to ensure seamless operational integration.
• Coordinate and communicate with internal teams, clients, auditors, and other external stakeholders to support reporting, audits, and operational processes.
• Mentor and develop junior team members, build strong relationships with internal stakeholders (portfolio managers, tax, legal, compliance, investor relations) and external partners (fund administrators, auditors).
• Contribute to the strategic evolution of the team's operating model, exercising sound judgment, proactively identifying risks, and championing a best-in-class control environment.

Requirements

• Bachelor’s Degree in Accounting or Finance.
• 7–10 years of combined fund accounting experience within Private Equity and Secondary markets.
• Big four public accounting experience is a plus.
• Demonstrated experience providing senior-level review of NAV packages, financial statements, capital activity, and complex fee/waterfall calculations.
• Thorough knowledge of internal controls and a proven ability to maintain a best-in-class control environment.
• Experience coordinating with external auditors and managing audit/tax engagements to completion.
• Strong verbal and written communication skills.
• Certified Public Accountant (CPA) or equivalent is a plus.
• Positive attitude and willingness to continuously learn.
• Self-motivated with the ability to work in a fast-paced environment with minimal supervision.
• Ability to consistently be attentive to detail while meeting critical deadlines and handling multiple tasks simultaneously.
• Strong organizational skills.
• Ability to work with large volumes of data and maintain high levels of accuracy.

Skills

• MS Office
• eFront
• Investran
• Python

Benefits

• Strong retirement plan.
• Tuition reimbursement.
• Comprehensive healthcare.
• Support for working parents.
• Flexible Time Off (FTO) to relax, recharge, and be there for the people you care about.

Schedule

BlackRock’s hybrid work model requires employees 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. New joiners can count on this hybrid model to accelerate learning and onboarding.