3-7 years of investment management industry experience with private or public fund structures such as Hedge Funds, REITs, Private Equity or Private Credit, open- and close-end mutual funds, or exchange traded funds.
Accounting, reporting and investment operations for a broad array of domestic and foreign equity, fixed income, financing and derivative investment holdings, and private investments.
Diverse range of fund expense structures (unitary and pass thru) and methods for waivers, caps, allocation, and application of break points.
Knowledge of management fee, performance fee, and carry calculations.
External service provider oversight and control environment assessment.
Strong project management experience recommended.
Public accounting or Middle Office experience a plus.
Accountability and ownership of key functions and special projects.
Vendor management or negotiation experience.
Good understanding of the fund valuation and associated transaction lifecycle and key control frameworks.
Solid prioritization skills and ability to handle competing priorities.
Proven track record in implementing change management.
Develop practical and pragmatic solutions through a 'hands on' approach.
Strong verbal and written communication capabilities with all levels, including portfolio managers, fund directors, external auditors, senior management, and vendors.
Initiative, drive, and enthusiasm.
Excellent attention to detail and passion for performance.
CFA, CMA, CPA, or CAIA recommended.
For Wilmington, DE Only the salary range for this position is USD$100,000.00 - USD$143,000.00 . Add
Benefits
Equity / stock options
Additional Information
About this role
About BlackRock
Are you searching for a rewarding, exciting, dynamic opportunity with the world's largest asset manager? Look no further! At BlackRock, we are seeking a hard-working professional to join our Wilmington based Alternative Product Oversight team supporting our wide fund range of Alternative products, including Hedge Funds, Global Fixed Income, Real Estate Equity, and bespoke Credit Opportunities.
We will embrace your rare skills, eagerness, and passion while giving you freedom to grow professionally and as an individual. We know you want to feel valued every single day and be recognized for your contribution. At BlackRock, we strive to empower our employees and actively engage your involvement in our success. With over USD $14 trillion of assets under management we have an outstanding responsibility: our technology and services empower millions of investors to save for retirement, pay for college, buy a home and improve their financial well-being. Join and experience what it feels like to work in an organization that makes a difference.
Team Overview
Alternative Product Oversight Team
Alternative Product Oversight (POG) is a unit within Business Operations. POG team members are responsible for product structuring, design of operating model, service provider selection, financial modeling, and launching/ changing/ and liquidation of funds. POG works closely with several other internal teams to deliver quality and value to our shareholders including but not limited to teams responsible for accounting oversight, portfolio management, financial reporting, product strategy, Board governance, pricing, tax, legal and compliance. POG members work closely with external service providers, clients, and regulators.
Role Responsibility: POG [level]
Launching and designing operating models for new Alternative Funds in conjunction with various operations and product teams.
Participate in construction of Private Fund Offering documents with legal, tax, and portfolio management teams to meet client needs.
Negotiations with and hiring of external service providers for outsourced functions including Fund Administration, Custody, Transfer Agency, and auditors.
Coordinating expansion of existing funds to accommodate growth based on client feedback.
Prepare presentations to BlackRock governance bodies (e.g., fund boards) and committees, as well as investors.
Financial modeling for fee constructs within both Open and Closed end vehicles; preparation of fund expense structures and complex waiver arrangements.
Review and challenge policies and procedures assess the operating model for risk and efficiency, with a focus on automation and technology advancements.
Participate in the investigation of operating events and coordinate with cross functional colleagues.
Oversee liquidation of funds with various internal and external teams once useful life of fund has run its course.
Coordination of liquidity management tools for portfolio management teams within Alternative Funds.
Build good relationships with business areas within BlackRock to support effective cross-functional engagement.
Contribute to ensuring compliance with all relevant BlackRock policies and with regulatory requirements impacting the funds.
Various project work including owning and reporting of management metrics to senior Business Operations leadership.
Blackrock · Wilmington, DE