Analyst, Investment Accounting

About this role

Technology & Operations

Global Accounting and Product Services: Alternatives Operations supports BlackRock Alternative Investments (BAI) and over $110B of assets globally. BAI takes a dynamic approach to alternative investments, creating investment vehicles that increasingly capitalize on evolving opportunities in fast-changing markets. We offer clients strategies designed to provide returns with low correlations to the broad equity and bond markets, including private equity, real estate equity and debt, hedge funds of funds, single strategy hedge funds, long-only absolute return strategies, commodities and structured products. Our alternative investment capabilities are fully integrated into BlackRock, allowing investment teams to capitalize on the firm’s considerable resources in areas such as risk management, product development, client service and operational support.

Team Overview

The successful candidate will join the Alternatives Client Services team which supports the investor servicing and Transfer Agency oversight of BlackRock’s private placement alternatives products, including hedge funds, fund of hedge funds, private credit, private equity, and real assets and facilitate in providing timely and accurate information to our clients and prospects that is consistent with the established BlackRock brand and messaging. Responsibilities for this position will involve a heavy concentration in day-to-day communications, reporting, group operations and project management initiatives focusing on BlackRock’s alternative product platform. As a key member of the Alternatives Client Services team, this position involves interaction with departments and business lines across the firm.

Role Responsibility

• Client on-boarding, account set up, and data management. Assist with building client accounts within client tracking and share registry system. Create client profiles and investor attribute universe.
• Ensure integrity of communications tools through data entry and maintenance. Deploy exception reporting within client data universe and perform regular analysis to ensure integrity/preservation.
• Assist in fulfilling requests for offering documents as needed. Liaise with Institutional and Retail Sales and Product Specialists to customize client offering packages based on investor attributes, regulatory and business requirements.
• Demonstrated understanding of the trade life cycle, including order booking process in alternative business to effectively address clients’ inquiries and provide accurate information.
• Knowledge of regulatory requirements related to FATCA, CRS self-certification and W forms with the ability to interpret inquiries from Tax providers and clients will be plus.
• Strong analytical and problem-solving abilities to interpret client queries, identify root causes of the issues and propose effective solution or escalate as necessary.
• Where appropriate warehouse legal/contract document (i.e., subscription agreements, Offering memorandum, transfer agreements, waivers, letters of undertaking, etc.). Manage and maintain electronic and hard copy filing systems
• Coordinate account level reporting and distributions to clients (i.e. monthly, quarterly, and annually).
• Coordinate cash flow management with clients and portfolio managers (e.g. contributions, redemptions, capital calls/distributions and product updates with clients). Track and manage client cash flow activity within proprietary trading system.

Experience

Competitive experience includes 1 – 3 years of working within a financial services or banking platform, experience with financial securities, private placements, and limited offerings a plus. Demonstrates acumen for financial concepts, ability to speak intelligently and confidently while using applied financial reasoning. High attention to detail, ability to focus, excellent follow-through, flexibility and superior grammar and English skills. The successful applicant will be self-motivated, proactive, able to change directions quickly, and capable of working well with strong personalities. Software skills must include a strong background in Word and Excel and an aptitude for working within proprietary databases.

The successful candidate will also possess the following:

• Ability to communicate clearly and concisely, both orally and in writing,
• Ability to multi-task, balance multiple priorities and meet deadlines in a fast-paced and changing environment.
• Ability to support cross-functional projects and teams
• Business, Financial, and Legal acumen
• Able to grasp complex concepts and details quickly
• Ability to work independently and as part of a team
• Analytical problem-solving and troubleshooting skills
• Working knowledge of administrative fundamentals

#EarlyCareers

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.