Fund Accounting, Private Credit, Associate
BlackRock · Posted Oct 8
Investment management, asset management, risk analytics, and wealth services
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About the role
HPS Investment Partners, a part of BlackRock, is a global credit-focused alternative investment manager spanning privately negotiated senior and junior capital, liquid credit, asset-based finance and real estate. The Fund Accounting team owns the books and records of the HPS funds, including NAV calculation and review, management and performance fees, expense review, and capital calls and distributions, working with Middle Office, Cash Management, Valuation, Legal and third-party fund administrators. The Fund Accounting Associate reviews and reconciles the funds' books, supports monthly and quarterly closes and partners' capital statements, and handles fund setup and ad hoc investor requests, reporting to a Vice President.
What you will do
- Monthly and quarterly closing of the funds’ books with fund administrators
- Preparation and review of partners’ capital statements
- Preparation and review of capital call and distribution calculations and notices
- Review of fund expenses for accuracy and coordination of accruals and payments
- Calculation and review of monthly investor return and NAV estimates
- Preparation and review of quarterly and annual GAAP financial statements
- Ad hoc reporting and projects
Skills used in this role
What the employer is looking for
- Bachelor's/master's degree (master's preferred) in Accounting or Finance
- 5+ years of combined experience in a Fund Accounting role, and/or public accounting role supporting clients within the financial services industry (preferably within Private Credit, Public Credit, Private Equity or Hedge Funds)
- Big four public accounting experience preferred
- Chartered Accountant (or equivalent) preferred
- 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
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
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