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 of 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.
Coordinate 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 is a plus
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.
Ability 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
MS Office, eFront, Investran, Python
Benefits
Health insuranceVision insuranceEquity / stock optionsPerformance bonus
Additional Information
About this role
Company Description
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 our clients. We manage 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 our platform offers the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients.
On July 1, 2025, BlackRock acquired the business and assets of HPS, with 100% of consideration paid in BlackRock equity (the "HPS/BlackRock Transaction"). The HPS/BlackRock Transaction brings together BlackRock's corporate and asset owner relationships with HPS's diversified origination and capital flexibility. BlackRock and HPS have formed a new private financing solutions business unit ("PFS") led by Scott Kapnick, Scot French, and Michael Patterson, creating an integrated franchise with approximately $370 billion in client assets, including $205 billion of private credit assets. This combined platform, which has more than 590 investment professionals and approximately 1,300 employees globally, 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 review and reconciliation of the funds' books and records, liaising with both internal BlackRock departments and external third-party fund administrators. The Private Equity Fund Accounting Analyst will be involved in closing the books, including NAV review and reconciliation, and partners' capital statement review, among other responsibilities. Additionally, the Private Equity Fund Accounting Analyst will be involved in fund setup and operation and ad hoc internal and investor requests.
Blackrock · Princeton, NJ