Associate - Alternatives Fund Accounting

Associate, Alternatives Fund Accounting

About this role

Job Summary

At BlackRock, Alternatives Fund Controllers (AFC) play a critical role in delivering independent oversight, strong governance, and financial integrity across the firm’s alternative investment platform. The AFC function partners closely with Investment Teams, Product Strategy, Valuations, and external service providers to ensure accurate, timely, and controlled valuation and reporting of alternative investment funds.

The Associate will support oversight of Net Asset Value (NAV) and fund financial reporting across Private Equity, Real Estate, Infrastructure, Private Credit, Hedge Funds, and Fund of Funds. This role provides exposure to complex fund structures, fund lifecycle events, and controller-level responsibilities within a global operating model.

Key Responsibilities

NAV Oversight & Financial Control:

• Review NAVs prepared by external fund administrators

• Analyze P&L, balance sheet movements, and investor allocations

• Validate management and performance fees

• Assess valuation estimates and escalate risks

Fund Lifecycle & Operational Oversight:

• Support fund launches, capital calls, distributions, and liquidations

• Interpret fund governing documents and side letters

• Support onboarding and oversight of fund administrators

Reporting, Audit & Regulatory Support:

• Support audits, financial statements, and regulatory filings

• Respond to audit and stakeholder queries

• Adhere to internal control frameworks

Stakeholder Partnership & Transformation:

• Partner with investment, valuation, and operations teams

• Drive operational improvement and automation initiatives

• Support data and AI-driven transformation

Qualifications

• Degree in Accounting, Finance, Commerce, or related field

• Associate: 5–9 years experience; Associate: 5–8 years experience

• Experience in fund accounting, audit, or asset management preferred

Skills & Competencies

• Strong analytical and financial skills

• Risk and control perspective

• Strong communication and partner management

• Advanced Excel proficiency

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.

Experience Level

Senior Level