About this role
Join BlackRock’s Alternatives Fund Controllers team and play a key role in maintaining financial integrity, strong governance, and effective oversight across the firm’s alternative investment platform. The Associate will help oversee fund accounting, Net Asset Value (NAV), financial reporting, controls, and service-provider delivery while partnering across Investments, Valuations, Product, Finance, and Operations.
About the Firm
At BlackRock, our mission is to help more people experience financial well-being. Our investment, technology, and operating capabilities enable us to serve clients across public and private markets. This opportunity provides exposure to BlackRock’s alternatives platform while contributing to the accurate, controlled, and scalable financial oversight that supports our clients and investment businesses.
Team Overview
Alternatives Fund Controllers supports BlackRock’s alternatives business through accounting and financial oversight of complex investment funds. The team partners with investment teams, Product Strategy, Valuations, external fund administrators, auditors, and other internal stakeholders to support accurate and timely fund reporting. Coverage may include private equity, real estate, infrastructure, private credit, hedge funds, and fund-of-funds structures.
Role Overview
The Associate will take ownership of day-to-day accounting and administrator oversight for assigned alternative investment funds. The role combines detailed financial review with risk management, stakeholder coordination, and continuous improvement. Success requires an ability to understand complex fund structures, identify and resolve accounting or reporting issues, maintain a strong control environment, and deliver high-quality outcomes across recurring and project-based responsibilities.
Key Responsibilities
You will:
- Review NAV and accounting packages prepared by external fund administrators, analyzing profit and loss, balance-sheet movements, investor allocations, and other material activity.
- Validate management fees, performance fees, carried interest, and other fund calculations in accordance with governing documents and applicable accounting requirements.
- Oversee administrator and service-provider delivery, helping ensure financial and investor reporting is accurate, timely, and supported by a robust control environment.
- Support fund lifecycle events including launches, capital calls, distributions, administrator onboarding, and liquidations.
- Review financial reporting and support annual audits, regulatory reporting, and responses to auditor and stakeholder requests.
- Partner with Investments, Valuations, Product, Finance, Operations, auditors, and external administrators to resolve accounting and operational issues.
- Identify and escalate valuation, accounting, operational, or control risks and contribute to effective remediation.
- Analyze complex fund activity and governing documents to support accurate accounting treatment and reporting.
- Drive improvements in processes, controls, automation, data quality, and scalability across fund-controller workflows.
- Contribute to a collaborative, accountable team culture while developing deeper expertise across alternative investments and fund structures.
Required Qualifications
You have:
- 2–5 years of relevant experience in fund accounting, investment accounting, audit, fund operations, asset management, or a related financial-services discipline, consistent with BlackRock’s Associate-level framework.
- A bachelor’s degree in Accounting, Finance, Commerce, or a related field.
- Strong accounting and financial-analysis capabilities, including experience interpreting financial statements and investigating accounting or reporting issues.
- Strong analytical, problem-solving, organizational, and attention-to-detail skills.
- A strong risk and control mindset with the judgment to identify issues and escalate appropriately.
- Clear written and verbal communication skills and the ability to collaborate effectively with internal teams and third-party service providers.
- Technology & Digital Fluency: Ability to use technology, data, automation, analytics, and AI-enabled tools to improve productivity, strengthen decision-making, reduce risk, and enhance processes.
Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.
Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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.
Guidance on AI use for candidates
At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.
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.
To learn more about BlackRock, please visit Careers.BlackRock.com. We also encourage you to get to know us on LinkedIn, Instagram, YouTube, X, and TikTok.
BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.
Skills Required
- 2-5 years of relevant experience in fund accounting, investment accounting, audit, fund operations, asset management, or a related financial-services discipline
- Bachelor's degree in Accounting, Finance, Commerce, or a related field
- Strong accounting and financial-analysis capabilities, including experience interpreting financial statements and investigating accounting or reporting issues
- Strong analytical, problem-solving, organizational, and attention-to-detail skills
- Strong risk and control mindset with judgment to identify and escalate issues appropriately
- Clear written and verbal communication skills
- Ability to collaborate effectively with internal teams and third-party service providers
- Ability to use technology, data, automation, analytics, and AI-enabled tools to improve productivity, decision-making, risk management, and processes
BlackRock Compensation & Benefits Highlights
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Retirement Support — Retirement savings support is highlighted, including access to a 401(k) and financial education, and is repeatedly characterized as a strong part of the package. Employer contributions and matching are cited as valuable components to overall compensation.
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Healthcare Strength — Medical, dental, and vision coverage are consistently described as comprehensive, with options that include telemedicine and mental-health resources. The offering is often regarded as a solid anchor benefit, with plan choice and coverage breadth noted as positives.
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Parental & Family Support — Paid parental leave is a notable strength, with policies such as up to 16 weeks for a primary caregiver and additional family-forming supports like adoption and fertility benefits. Backup child and elder care resources further reinforce the family-focused design.
BlackRock Insights
What We Do
As the world’s largest asset manager, BlackRock partners with investors around the globe to help them (and those on whose behalf they invest) plan for life’s most important goals – like retirement, home ownership and their children’s education. Our clients range from governments, foundations and other large institutions to those investing on behalf of individuals, including firefighters, nurses, teachers and factory workers. BlackRock was founded with the idea of creating a better asset management firm — one that was purpose-driven, focused on clients and risk management, and propelled by data and technology. Our breakthrough Aladdin® platform is BlackRock’s technological backbone, helping investors see and manage their whole portfolios in one place – from constructing investments to monitoring risk and executing trades. Used by hundreds of external institutions around the world, Aladdin combines powerful analytics and a common language to help investment teams make faster, more informed decisions across public and private markets. It’s a key part of our business and one of the reasons we’re trusted to manage more assets than any other investment manager today. At BlackRock, we challenge conventions and raise the bar for what’s possible. We harness technology to unlock new solutions, simplify complexity, and deliver investment strategies that meet people where they are. Whether it’s retirement planning, wealth building or navigating market shifts, we’re here to help clients invest more easily, more affordably and with more choice as we chart a path toward financial well-being together. Learn more: Careers.BlackRock.com
Why Work With Us
Without our people, technology is irrelevant. When we combine the power of people with the power of technology, we amplify our ability to create better outcomes for our employees, clients, shareholders and society alike.
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