Private Equity Operations Associate at BlackRock

Dallas, Texas, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Private Equity, Alternative Investments, Financial ServicesIndustries

Requirements

Minimum 4 years of experience in fund accounting, investment management, external audit, or another private equity-adjacent role from a reputed organization
Excellent understanding of financial statements including notes to financial statements, capital account statements, cash flow notices, ILPA templates, and other information regularly published by General Partners
General understanding of limited partnership agreements, private equity fund structures, and associated fees
Meticulous attention to detail in creating and reviewing reports
Demonstrates ownership, self-motivated to meet KPIs and delivers quality reports
Excellent Microsoft Excel skills required including the ability to work with complex functionalities (Formulas, pivot tables, ability to run existing macros)
Strong written and verbal communication skills to collaborate with a global team
Prior experience with Jira and Power BI preferred but not required
Bachelor’s degree in accounting or finance required
CPA, CF (preferred, as indicated)

Responsibilities

Create and review detailed reports over management fees, partnership expenses, and carried interest for a variety of alternative investments, including private equity, real estate, private debt, and hedge funds
Ensure consistent methodologies around data extraction, fee recalculation, and report creation is applied to all reports
Identify inconsistencies or large variances and collaborate with our global team and external stakeholders to resolve them
Perform detailed review of reports created by senior analysts/analysts for adherence to our methodology, accurate calculations, formatting, and commentary
Consult with other team members to resolve variances and seek help when methodologies are unclear
Adhere to team KPIs to ensure timely report delivery for all clients
Act as the main point of contact for clients in the North America region through responding to client email inquiries, conducting regular status calls, leading presentations, and coordinating report deliveries
Breakdown and explain complex fund terms, especially those relating to carried interest and management fees
Collaborate with our global team to create best in industry client experience
Create detailed presentation materials and present FAIR findings to clients on a quarterly basis
Communicate project status, issues, and solutions effectively to both clients and internal teams
Conduct regular client meetings in which you present detailed status reports and review progress of the overall deliverables

Skills

Key technologies and capabilities for this role

Private EquityFund AccountingAuditingFinancial Due DiligenceFee RecalculationCarried InterestManagement FeesAlternative InvestmentsFinancial AnalysisReport ReviewData Extraction

Questions & Answers

Common questions about this position

What is the employment type for this role?

This is a full-time position.

Is this role remote or does it require office presence?

This information is not specified in the job description.

What experience is required for this Private Equity Operations Associate role?

The role requires experience as a fund accountant, auditor, or financial due diligence professional with appreciation for private equity agreements, complex legal agreements, and financial structures.

What is the team culture like for the FAIR team at BlackRock?

The FAIR team is a high impact team focused on delivering exceptional analytical reports, collaborating with a global team and external stakeholders, and creating best in industry client experience.

What makes a strong candidate for this FAIR Associate position?

Strong candidates are experienced fund accountants, auditors, or financial due diligence professionals who understand private equity nuances and can lead client engagements, review reports, and conduct financial analysis.

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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