Analyst, Fund Finance Operations

About this role

Company Description

HPS Investment Partners, a part of BlackRock, is a leading global, credit-focused alternative investment manager that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage various strategies across the capital structure, including privately negotiated senior debt; privately negotiated junior capital solutions in debt, preferred and equity formats; liquid credit including syndicated leveraged loans, collateralized loan obligations and high yield bonds; asset-based finance and real estate. The scale and breadth of our platform offers the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients.

HPS was established in 2007 as a unit of Highbridge Capital Management, LLC (“HCM”), a subsidiary of JPMorgan Asset Management (“JPMAM”). On March 31, 2016, the senior executives of HPS acquired HPS and its subsidiaries from JPMAM and HCM (the “Transaction”).
Following the Transaction, JPMAM retained a passive minority investment in HPS, which was subsequently redeemed in April 2022. In June 2018, affiliates of Dyal Capital Partners made a passive minority investment in HPS. In February 2022, an affiliate of The Guardian Life Insurance Company of America made a passive minority investment in HPS, which was subsequently increased in August 2024. On July 1, 2025, BlackRock acquired the business and assets of HPS, with 100% of consideration paid in BlackRock equity (the “HPS/BlackRock Transaction”).

The HPS/BlackRock Transaction brings together BlackRock’s corporate and asset owner relationships with HPS’s diversified origination and capital flexibility. BlackRock and HPS have formed a new private financing solutions business unit (“PFS”) led by Scott Kapnick, Scot French, and Michael Patterson, creating an integrated franchise with approximately $370 billion in client assets, including $205 billions of private credit assets.
This combined platform, which has more than 590 investment professionals and approximately 1,300 employees globally.
offers broad capabilities across senior and junior credit solutions, asset-based finance, real estate, CLOs and GP-LP solutions. As part of the HPS/BlackRock Transaction, Scott Kapnick, Scot French, and Michael Patterson have joined BlackRock’s Global Executive Committee, and Scott Kapnick has been appointed as an observer to the BlackRock Board.

Department Description

The Middle Office team is responsible for ensuring the funds positions and cash balances are as accurate as possible. They manage the life cycle of a trade/investment. They are responsible for trade capture, trade settlement, loan administration, daily cash and position reconciliations, corporate action elections/recordings and PnL break analysis and resolution with fund administrators. In addition, they provide oversight of the managed service/outsourced providers they use. The Middle Office team handles ad-hoc request that come from the deal team and/or separately managed account clients. The Middle Office team will provide the deal team with performance metrics (IRR/MOIC) upon deal realizations. The Middle Office team is also responsible to ensure all of the funds leverage providers are paid their interest and principal accurately and in a timely manner. The Middle Office team interacts closely with the Deal Execution, Treasury, Fund Accounting, Fund Finance, Cash Management, Valuations and the Deal teams daily.

Position Description      
HPS is seeking to recruit an Analyst to join the Operations team in Mumbai.

The recruit will focus on the operational components of managing credit facilities across the HPS platform and the end-to-end lifecycle of trade execution and settlements. Responsibilities include, but are not limited to, borrowing base maintenance, borrow and paydown facilitation, reporting requirements, maintaining covenant compliance, and managing the end-to-end lifecycle of trade execution and settlement.

The individual should have exceptional organizational skills with strong attention to detail. The individual should have the ability to meet strict deadlines, as well as work independently and as part of a team. A desire for a fast-paced environment is crucial.

Responsibilities                                                                                           

Specific responsibilities will include but not be limited to the following:

• Facilitate monthly, quarterly and annual reporting requirements for financing across the HPS platform
• Facilitate borrow and paydown requests to lenders
• Maintain relationship with custodian for asset facilities and facilitate bank account opening where required
• Review monthly or quarterly waterfalls and custodial reports in connection with financing
• Maintain compliance with underlying credit facility covenants
• Manage the closing process and ensure all transfer documents (i.e. Assignment and Assumptions) are executed timely and book into internal systems in accordance with legal documents
• Communicate with deal team, legal team, tax team, and agent banks to resolve settlement bottlenecks and KYC requirements
• Manage inbox and follow up on flagged issues to ensure timely resolution
• Proactively identify and implement opportunities to optimize workflows and enhance operational efficiency

Candidate Profile

• Graduate with a bachelor’s degree
• 1-3 years of experience in financial services industry (preferably with experience in credit fund middle office operations)
• Understanding of credit facilities and private credit fund structures is a plus
• Understanding of bank loans
• Experience with S&P Markit, Clearpar, or VPM is a plus
• Strong excel skills (Vlookups, Sumifs)

Hybrid Work Schedule and Shift Timings

• 4/1 split
• This role requires working a late shift to support stakeholders across EMEA and US time zones (e.g. 2 PM to 11 PM or 3 PM to 12 AM)

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.