Skip to main contentA logo with &quat;the muse&quat; in dark blue text.

Investment Accounting, Analyst

AT BlackRock
BlackRock

Investment Accounting, Analyst

Mumbai, India

About this role

Team Overview

Alternatives Operations supports BlackRock Alternative Investments ("BAI"). BAI takes a dynamic approach to alternative investments, creating investment vehicles that increasingly capitalize on evolving opportunities in fast-changing markets. We offer clients strategies designed to provide returns with low correlations to the broad equity and bond markets, including private equity, real estate equity and debt, hedge funds of funds, single strategy hedge funds, long-only absolute return strategies, commodities and structured products.

The purpose of the GAAPS Alternatives Fund Controllers (AFC) team is to act as the interface between the funds' investment professionals, investors, and external contacts, such as accounting outsource providers, auditors, tax professionals, and third party distributors, etc. for BlackRock's alternative funds platform. The AFC India Team will focus on contributing by resolving issues and providing product oversight and coordination of Administrators for many of our funds, which can invest in private investments.

Want more jobs like this?

Get jobs in Mumbai, India delivered to your inbox every week.

By signing up, you agree to our Terms of Service & Privacy Policy.


Role Responsibility

  • Oversee external administration, accounting and financial reporting for assigned group of funds;
  • Review NAV accounting packages prepared by the external administrators for accuracy and completeness as part of the periodic NAV close process for the funds;
  • Ensure periodic fund NAV, investor reporting, regulatory reporting, and financial reporting deliverable deadlines are met;
  • Consistently perform risk assessments and proactively drive improvements in internal control environment, technology enhancements and procedures both internally and at 3rd party service provider;
  • Review investor allocations, as well as management fee and distribution/waterfall calculations for funds;
  • Provide oversight of year-end audits performed by independent accountants in conjunction with external administrator involvement;
  • Assist with review and approval of fund operating expenses;
  • Assist with data aggregation and calculations for regulatory filings;
  • Work with external administrator, internal team members and other BlackRock groups to resolve fund accounting and other operational issues, as identified;
  • Perform periodic internal reporting to other BlackRock groups (e.g. fund metrics, AUM, fee revenue, investor data);
  • Respond to ad hoc requests from outside investors and other BlackRock groups.
  • Communicate performance results to investors and resolve investors' questions.
  • Participate in investor due diligence meetings, as required for product set, and explain the controls in place to ensure accurate reporting to clients is achieved

Experience:

  • A degree in Finance or Accounting is a requirement. CA or CPA is preferred.
  • 1-5 years' experience (desired but not required) working within a financial services or banking platform, with financial securities, private placements, and limited offerings a plus.
  • Understanding of financial concepts, ability to speak thoughtfully and confidently while using applied financial reasoning.
  • Highly attentive, ability to focus, excellent follow-through, flexibility and stellar grammar and English skills.
  • Self-motivated, dedicated, able to change directions quickly, and capable of working well with strong personalities.
  • Strong background in Word and Excel.
  • Excellent communication skills, both orally and in writing
  • Capacity to multi-task, balance multiple priorities and meet deadlines in a dynamic and changing environment
  • Facility to grasp complex concepts and details quickly
  • Proven ability to work independently and as part of a team
  • Analytical problem-solving and troubleshooting skills
  • Working knowledge of administrative fundamentals
  • Experience with coding in Unqork and/or eFront operations is a plus
#EarlyCareers

Our 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 model

BlackRock's hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person - aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children's educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment - the one we make in our employees. It's why we're dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.

Client-provided location(s): Mumbai, Maharashtra, India
Job ID: blackrock-R246219
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • Life Insurance
    • Mental Health Benefits
    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • HSA
    • Fitness Subsidies
  • Parental Benefits

    • Family Support Resources
    • Adoption Leave
    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
    • Fertility Benefits
    • Adoption Assistance Program
  • Work Flexibility

    • Hybrid Work Opportunities
    • Flexible Work Hours
  • Office Life and Perks

    • Casual Dress
    • Commuter Benefits Program
    • On-Site Cafeteria
    • Holiday Events
  • Vacation and Time Off

    • Unlimited Paid Time Off
    • Volunteer Time Off
    • Paid Vacation
    • Paid Holidays
    • Personal/Sick Days
    • Leave of Absence
  • Financial and Retirement

    • 401(K) With Company Matching
    • Stock Purchase Program
    • Financial Counseling
    • 401(K)
    • Company Equity
    • Performance Bonus
  • Professional Development

    • Promote From Within
    • Mentor Program
    • Access to Online Courses
    • Internship Program
    • Leadership Training Program
    • Associate or Rotational Training Program
    • Tuition Reimbursement
    • Lunch and Learns
  • Diversity and Inclusion

    • Founder led
    • Employee Resource Groups (ERG)
    • Diversity, Equity, and Inclusion Program

Company Videos

Hear directly from employees about what it is like to work at BlackRock.