Vice President - Valuation Governance for Private Investments

Valuation Governance, Vice President

About this role

Team Overview

The Global Accounting and Product Services (GAAPS) division is responsible for providing operational support to BlackRock’s portfolio management teams and clients. GAAPS is central to BlackRock’s operations in providing subject matter expertise, monitoring fund administrator service delivery in relation fund accounting and financial reporting, monitoring operational capacity for new products, contributing to projects in relation to product launches and liaising with fund administrators, auditors, fund directors and portfolio managers. The group comprises of a number of teams and is organized both functionally and regionally.

The Private Valuation Team within GAAPS supports the investment valuation function for private, illiquid investments acting as the interface between the investment professionals, external valuation providers, accounting outsource providers, auditors, and Alternative Fund Controllers.  The Private Valuation Team focuses on adding value by providing valuation oversight and coordination of valuations and supporting documentation.

Role Responsibility

• Oversee team members in preparing valuation documentation for private equity, private debt and other alternative investments.

• Help drive the team process during monthly and quarterly cycles.

• Manage workflow of data to 3rd party valuation firms; working with investment teams to ensure all relevant information is incorporated into valuations.

• Provide high quality client service externally and internally. Address inquiries, perform controls, problem solve, and mitigate risks.

• Initiate and help drive platform and process innovations to support fast-growing business needs, minimize risk, improve quality, and navigate the changing markets.

• Drive increased efficiency and control through continuous review of current valuation processes; assist with evaluating and implementing technology improvements in partnership with relevant stakeholders.

• Review and tie out of valuation templates received from third party service providers. Communicate any comments and coordinate sign off in coordination with Investment, Pricing and Fund Administration teams.

• Review legal documents to establish rights associated with new securities purchased.

• Prepare materials to be provided to the Valuation Committee and present findings to Pricing Committees and other management as necessary.

• Liaison with independent auditors. Provide support for valuations and answer questions as necessary in a controlled and efficient manner.

• Perform a review of fair value reporting provided by underlying managers and Co-Investment sponsors.

• Support internal and external partners’ ad-hoc requests - provide status updates and appropriately manage expectations with senior leaders.

• Ability to manage projects and team members, and meet deadlines within a global team environment.

Experience

• Bachelor's degree is required, Accounting or Finance preferred.

• 10+ years relevant experience, private investment valuation experience preferred.

• Solid understanding of ASC 820 and IFRS 13, familiarity with private credit and equity valuation, and typical private company valuation approaches; OPM, PWERM, and Current Value valuation techniques preferred.

• Ability to work with and handle financial data and build summarized reports

• Experience building, testing and implementing valuation models.

• Natural standout colleague able to work in an innovative, ambitious, and fast paced environment while maintaining attention to detail.

• Excellent verbal and written communication skills combined with agile critical thinking and a problem-solving mindset.

• Ability to quickly learn the intricacies of complex financial instruments.

• Working knowledge of Bloomberg, Reuters, Interactive Data, 73 Strings and MS Office Suite as well as SQL, Macro, Python Script, etc. is an advantage.

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

Executive Level