Analyst/Associate – Private High-Grade Credit, Middle Office Operations
BlackRock · Posted Oct 15
Investment management, asset management, risk analytics, and wealth services
Get a personal compatibility score
Add a resume for personal matches
About the role
HPS Investment Partners, part of BlackRock, is a global credit-focused alternative investment manager within the Private Financing Solutions private credit platform. The Middle Office team ensures fund positions and cash balances are accurate and manages the lifecycle of trades and investments. The Associate in High Grade Middle Office in Mumbai will be the team’s first hire there, supporting reconciliation, trade lifecycle operations, loan administration, and coordination with custodians and internal groups.
What you will do
- Researching and resolving cash breaks vs. custodians
- Researching and resolving position breaks vs. custodians/clients/administrators/other systems
- Play a key role in the daily reconciliation between HPS & BlackRock’s accounting systems
- Daily oversight of loan and security administration in the firm’s accounting system to support internal post close loan administration: tracking delayed fundings, contracts, coupon payments, factor payments, and maturities
- Investigate any transactional or accrual discrepancies that may arise
- Provide full trade life cycle operational support for products including but not limited to Bonds (Fixed & Floating Rate), Private Placements, ABS, Cross-Currency Swaps, Term Loans, Delayed Draw Term Loans, and Revolvers
- Work closely with custodians daily – fielding questions on how to apply cash, and building/providing amortization schedules for factored securities
- Assemble purchaser schedules with the information needed to close/fund new private placements
- Assist with confirming positions and providing support where needed for both internal and SMA auditors
- Daily interaction with internal and external groups to troubleshoot any booking and/or position discrepancies (Front Office/Fund Accounting/Fund Administrators/SMA Clients/Auditors)
- Assist with monthly tie outs of all positions & cash with SMA Client for AUM, Dry Powder, and Management Fee purposes
- Perform daily transaction reconciliation with Stat Accounting administrator, and monthly position/cost/market value reconciliation during the monthly lockdown process
- Ensure proper recording/accounting and cashflow reconciliation of cross-currency swaps
- Perform Detailed Investment Return reconciliation versus full fund administrator
- Collaborate with technology teams on automation and workflow enhancements; Execute User Acceptance Testing (UAT), including scenario testing and error resolution before production release
- Liaise with multiple internal groups such as accounting, product control, valuations, investment data, etc. to resolve open queries and perform additional responsibilities as required to support team objectives
Skills used in this role
What the employer is looking for
- Graduate with a Bachelor’s degree in Finance, Accounting, or business related field
- 2-6 years of experience in middle office/operations; accounting experience is a plus
- Strong understanding of fixed income securities (private & public), cross-currency and/or interest rate swaps
- Trading and settlement
- Creation of securities/swaps in security master
- Life-cycle events: coupons, factors, amendments, tenders, maturity
- Cash and position reconciliation
- Strong Excel and Outlook
- Use of lookups, pivot tables, and extensive formulas – with the ability to build from scratch at any time
- Ability to sort through high number of emails per day without missing anything important, responding in a timely manner, and escalating when necessary
- Enjoys problem solving and critical thinking
- Ability to resolve complex issues efficiently and independently by leveraging knowledge obtained via training as well as past experiences
- Curiosity; need to not just be willing but wanting to learn and build upon existing knowledge every single day
- Experience using trade/accounting/security master systems; FIS VPM, Aladdin, IVP Products, and/or Clearwater preferred
- Experience with Statutory Accounting is a plus
Benefits and support
- strong retirement plan
- tuition reimbursement
- comprehensive healthcare
- support for working parents
- Flexible Time Off (FTO)
About BlackRock
BlackRock, Inc. is an American multinational investment management corporation and the world's largest asset manager. The firm provides institutional and individual clients with a broad range of investment, advisory, and risk management products, including its proprietary Aladdin financial technology platform. Headquartered in New York City, BlackRock manages trillions in assets across global equity, fixed income, alternative investments, and iShares exchange-traded funds (ETFs).
- Industry
- Investment Management
- Company size
- 24900 employees
- Founded
- 1988-03-09
- Location
- New York, New York, USA
- Funding stage
- Public Company
Leadership
Chairman and Chief Executive Officer
President and Director
Chief Financial Officer and Global Head of Corporate Strategy
Chief Operating Officer
Recent coverage
BeInSure
BlackRock Exceeds Q3 Expectations, Reaches $15.49 Trillion in AUM2026-10-14
BlackRock Newsroom
BlackRock Reports Second Quarter 2026 Financial Results2026-07-15
BlackRock Newsroom
BlackRock Launches $100 Million Philanthropic Initiative for Skilled Trades2026-06-15