About this role
Join our Fund Services – Accounting team as a Fund Accounting Analyst. This role is ideal for graduate candidates who are looking for a career in Accounting and Finance with at least a year of foundational experience in Private Equity fund accounting and offers an opportunity to grow in a high-impact environment. You’ll work on core accounting processes and client reporting for Private Equity funds.
Key Responsibilities
Prepare quarterly management accounts for Private Equity funds.
Handle NAV calculations, management fees, and assist in waterfall computations (including carry, equalization, and late closing interest).
Maintain and process accounting records, including journal entries and general ledger updates.
Support annual fund audits and liaise with external auditors and clients.
Prepare draft annual financial statements under UK/US GAAP; exposure to IFRS, Canadian GAAP, and Lux GAAP is a plus.
Collaborate with the tax team for timely completion of tax engagements and accurate accruals.
Assist in preparing regulatory returns as required.
Support cash management functions and treasury operations (bank reconciliations, liquidity monitoring, payment releases).
Participate in team initiatives, including training and onboarding new clients.
What We’re Looking For
Minimum 1 year of experience in Private Equity Fund Accounting [Prior Accounting experience a plus]
University degree in accounting and/or finance.
Desire to study CA, CPA, CFA, CAIA, ACCA, or other accounting/finance certification(s) preferred.
Hands-on exposure to NAV calculations, management fees, and waterfall computations
Conceptual understanding of the complexities of preparing the financials from a trial balance manually.
Working knowledge of UK or US GAAP; familiarity with IFRS or other GAAPs is a plus.
Proficiency in MS Excel and other Microsoft tools.
Experience with accounting systems or reporting tools a plus; FIA knowledge is advantageous but not required.
Detail-oriented, eager to learn, and able to work in a fast-paced environment.
What You’ll Gain
Hands-on exposure to NAV calculations, management fees, and waterfall computations
Good understanding of complex private equity fund structures.
Alternative to audit led training experience. Hands-on with client funds
Strong working knowledge of UK or US GAAP; familiarity with IFRS or other GAAPs is a plus.
Experience with accounting systems or reporting tools; including eFront Invest.
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
- Minimum 1 year experience in Private Equity Fund Accounting
- University degree in accounting or finance
- Desire to study CA, CPA, CFA, CAIA, ACCA or other accounting/finance certifications
- Hands-on exposure to NAV calculations, management fees, and waterfall computations
- Conceptual understanding of preparing financial statements from a trial balance manually
- Working knowledge of UK or US GAAP
- Familiarity with IFRS, Canadian GAAP, or Lux GAAP
- Proficiency in Microsoft Excel and other Microsoft tools
- Experience with accounting systems or reporting tools (FIA knowledge advantageous, eFront Invest experience a plus)
- Detail-oriented and able to work in a fast-paced environment
BlackRock Compensation & Benefits Highlights
-
Retirement Support — A 401(k)/Retirement Savings Plan with a stated company match formula (subject to plan caps) alongside an Employee Stock Purchase Plan is prominently featured. Feedback suggests these elements make the financial-wellness offering a notable strength among large employers.
-
Parental & Family Support — Paid parental leave of at least 16 weeks for primary caregivers, plus adoption support, fertility benefits, and child/elder back‑up care, is highlighted across materials. Offerings are substantial, with specifics varying by location.
-
Leave & Time Off Breadth — Flexible Time Off for many U.S. salaried roles, paired with sick and bereavement leave, provides generous time‑away options. Wellness resources such as free access to Calm and an Employee Assistance Program further support rest and recovery.
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.
Gallery
BlackRock Teams
BlackRock Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
BlackRock has 25,000 employees across more than 100 offices in over 40 countries around the world.
