Analyst - Fund Administration at BlackRock

Dallas, Texas, United States

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Not SpecifiedCompensation

Entry Level & New GradExperience Level

Full TimeJob Type

UnknownVisa

Private Equity, Financial Services, Asset ManagementIndustries

Requirements

Accounting or business degree and/or job experience (preferred but not required)
Administration experience (preferred but not required)
Private equity knowledge (desirable but not essential)
Capable of communicating clearly and effectively both internally and externally, orally and in writing
Understanding of financial reports, NAV reports, and partner cash flows (advantage)
Experience with Excel formulas (e.g., VLookups, Sumifs) and other Microsoft applications; software for data sets and extraction (e.g., running reports)
Exceptional attention to detail and curiosity to investigate out-of-pattern items
Committed to high quality and service orientation
Great organizational skills with ability to multitask and work accurately under pressure
Ability to operate in a continuously evolving and competitive business environment
Team player, high energy level, self-starter, quick grasp

Responsibilities

Gain understanding of Private Equity industry and Fund structures to formulate questions to Fund Managers regarding transactions and financial/tax documents
Support tax compliance processes on an annual cycle, primarily in US and Canada, and other jurisdictions as required
Get familiar with various tax forms including tax notices, their usage, meaning, and impact on client’s tax reporting and investor deliverables
Interact with external tax preparers and internal Treasury and Fund Accounting teams to fulfill and deliver information requests timely
Assist with collection and distribution of supporting documentation (K-1s, PFIC statements, etc.) to facilitate tax preparers’ work
Prepare investor data templates to facilitate accurate investor filings and delivery into document portal
Support tax payments process by drafting payments and working with Treasury through execution
Support FATCA and CRS compliance tasks, annual reporting, onboarding, and record maintenance (familiarity with Forms W-9 and W-8 preferred)
Develop client relationships, understand client deadlines and expectations
Independently conduct analyses of financial statements and capital account movements, extracting quantitative and qualitative information
Develop knowledge of Colmore’s processes and procedures, contribute to workflows and new solutions
Any other duties commensurate with the nature and position

Skills

Private Equity

Fund Administration

Tax Compliance

US Tax Forms

Canadian Tax

K-1s

PFIC Statements

Investor Data Templates

Fund Accounting

Treasury

BlackRock

About BlackRock

New York City, New YorkHeadquarters

1988Year Founded

$78,647.7MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

Benefits

Health Insurance

Unlimited Paid Time Off

Mental Health Support

Wellness Program

401(k) Retirement Plan

Risks

FDIC scrutiny could lead to regulatory challenges for BlackRock.

Workforce reduction may indicate internal financial pressures or strategic shifts.

Involvement in Yangzijiang Shipbuilding exposes BlackRock to geopolitical risks.

Differentiation

BlackRock's Bitcoin ETF, IBIT, reached over $50 billion in assets quickly.

The firm is developing a layer-2 tokenized real-world asset platform on Ethereum.

BlackRock's partnership with Frax Finance enhances its stablecoin market presence.

Upsides

IBIT's success attracts a broader range of cryptocurrency investors.

The Ethereum platform positions BlackRock as a leader in blockchain financial services.

Partnership with Frax Finance enhances digital finance offerings and compliance.

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