Specific responsibilities will include but not be limited to the following:
Preparing reasonable and accurate responses to client inquiries (fund accountants, deal teams, portfolio companies, employees and senior management) and other clerical tasks related to maintaining the accounts receivable records of HPS
Preparing customer invoices and applying payments in accordance with detailed instructions
Developing regular communications with fund accountants to ensure prompt collection of all eligible and outstanding amounts
Reconciling the receivables ledger to the trial balance and general ledger
Preparing and distributing monthly outstanding receivable statements
Developing automated allocation processes with the assistance of technology and managers to enhance the detail available for analysis
Preparing analysis with detailed spend types and categories
Demonstrating proficiency with respect to Firm static data including project codes and accounting within the Workday project module
Providing training, when necessary, for HPS employees regarding available reports related to receivables and their repayment
Participation in regular team meetings and interactive group chats
Ad hoc administrative tasks as needed
Candidate Profile
4-9 years of relevant Accounts Receivable experience
Bachelor's degree in Business related field preferred
Ability to work New York hours
Detail oriented and motivated individual with strong communication skills
An inquisitive and curious mindset
Demonstrates competency in problem solving
Experience with Workday a significant plus
Proficiency in Microsoft Office a plus
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 modelHealth insuranceFlexible scheduleEquity / stock options
Additional Information
About this role
PFS 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 offer 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.
Department Description
The Management Company Accounting team ensures all financial transactions are properly identified, interpreted, analyzed, and reported throughout the organization and to various external stakeholders for measurement and assessment of financial performance. The team is responsible for ensuring that resources are properly budgeted and allocated throughout the organizations by ensuring risks are properly managed and controls are sufficiently designed and that such firm investments are appropriately strategized to generate sufficient returns and distributions. The Group collaborates with all aspects of the Firm including strategic corporate investors, partners, BDIR, tax, payroll, operations, legal and compliance, and fund accounting, amongst others.
Position Description
PFS is looking for a bright and motivated individual to join our Management Company Accounting team to work with the Accounts Receivable team primarily focusing on all aspects of the Firm's Accounts Receivable function and assisting in the administration of the Firm's Project and related static data management. The position will report to the New York based, ED of Accounts Receivable/Payable and work within the Global Controller's Group
The accounts receivable analyst will have responsibility for the allocation, recording, reporting, analysis and collection of all HPS accounts receivable items
The receivables are primarily from HPS Private Market Funds and include:
Management Fees, Carried interest and Incentive Fees
Expenses paid on behalf of Funds
Portfolio companies' receivables
Employee Advances and other amounts due to HPS
Blackrock · Mumbai, India