About this role
Role Overview
This role sits within the Treasury Liquidity Management team in Dallas and is accountable for the processing, review, scrutiny and oversight of liquidity management activity across our private markets fund administration platform. Reporting into a Vice President, the Associate acts as the review and approval layer for daily liquidity monitoring, LP capital event working papers and notices, credit facility documentation and covenant compliance, ensuring liquidity is managed successfully for all client funds in line with SLAs and that external governance related to credit facilities is adhered to. All deliverables are subject to a minimum 4-eye review irrespective of processor, and the Associate is expected to own that layer — challenging inputs, validating calculations, evidencing controls and determining how cash shortfalls and excesses are resolved, whether through lending facilities, LP capital events or other available levers. The role extends beyond BAU: the Associate is also expected to oversee project and change activity, ensuring system, automation and process changes are tested, documented and embedded without weakening the control environment.
The Impact
Liquidity Management is central to what Treasury delivers for our clients. Understanding where clients have sufficient or insufficient cash to meet their obligations protects both client outcomes and reputation, and projecting future cash balances allows us to inform clients in a timely manner to ensure funding is in place. Equally, clients prefer not to sit on large cash balances, so identifying opportunities to distribute proceeds to investors promptly is just as important. As the reviewer, you are the last line of defense before work reaches the client desk — your scrutiny directly reduces rework, prevents delays and sustains client confidence, while your oversight of change activity ensures the platform scales without compromising control.
What you'll be doing
Review, control and oversight
Act as processor and approver for daily liquidity management and cash positioning across all client funds, challenging assumptions and confirming actions taken to remediate shortfalls or deploy excess balances
Process and review working papers for capital calls and distributions, confirming accuracy of calculations, source data and adherence to SLA and fund documentation
Review fund operations booked in the accounting system for LP (Limited Partner) cashflows, ensuring completeness and accuracy prior to release
Review notice production checklists and payment packs before hand-off to the Operations team for payment upload, ensuring evidence is complete and audit-ready
Oversee liquidity across the full fund structure, approving cross-currency and inter-entity transfers in partnership with the Operations team
Process and review borrowing bases, compliance certificates, supporting files and lender documentation for credit facility drawdowns, rollovers and repayments, confirming covenant compliance and lender requirements are met
Identify, escalate and resolve exceptions, breaks and control issues promptly, with clear ownership and documented resolution
Review and approve cash payments for client invoices and cashflows
BAU oversight and stakeholder management
Oversee day-to-day workflow allocation, prioritization and SLA / KPI tracking for the Dallas book of work, providing transparency over volumes, quality and timeliness
Act as the escalation point for internal and client queries, partnering with Fund Accounting, Tax, Investor Services, Business Integrity, Payments and regional teams across our follow-the-sun model
Lead client interaction on liquidity deliverables, managing expectations and building durable partnerships with internal and external stakeholders
Maintain key operating procedures and the risk and control matrix so they remain current, accurate and aligned to the control environment
Support audit, governance and oversight requests by ensuring evidence is complete, organized and consistent with operating standards
Provide day-to-day guidance, coaching and quality feedback to Analysts, promoting accountability and consistent execution
Project and change oversight
Represent Liquidity Management in change initiatives, including accounting platform upgrades, reporting and automation builds, and operating model enhancements — from requirements definition through UAT to go-live and post-implementation review
Review and challenge business requirements, test scripts and control design, confirming new processes are controlled, scalable and fully documented before adoption
Identify efficiency, automation and standardization opportunities, articulating the control, risk and time-save benefit, and see them through to delivery
Support new client onboarding and mandate implementations, ensuring liquidity deliverables are set up correctly from day one
What you'll bring to us
3+ years' experience in treasury, fund operations, fund administration or a comparable financial services control environment, with demonstrable review or approval responsibility
Private equity / private markets knowledge, including fund structures and how funds interact within a wider structure
Working knowledge of credit facilities, including borrowing bases, covenants, drawdowns, rollovers and compliance reporting (desirable)
Experience of eFront / FIA or a similar accounting platform (desirable)
Advanced user of MS Excel and wider MS products — confident handling large datasets, pivot tables, SUMIFS and lookups, and able to interrogate macros and advanced calculations, correcting or enhancing logic where necessary
Knowledge of Power BI (desirable)
Familiarity with banking portals, including setting up and reviewing wires for external payments
Strong risk and control mindset with high attention to detail, sound judgment and a disciplined approach to escalation and evidence
Experience supporting, coaching or supervising junior colleagues, including work allocation, quality review and development feedback
Excellent communication and stakeholder management skills, with the confidence to challenge constructively across functions, regions and seniority levels
Degree-level education or equivalent professional experience
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.
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 workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.
BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy.
BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.Skills Required
- 3+ years experience in treasury, fund operations, fund administration or comparable control environment with review/approval responsibility
- Private equity / private markets knowledge including fund structures and inter-entity interactions
- Working knowledge of credit facilities (borrowing bases, covenants, drawdowns, rollovers, compliance reporting)
- Experience with eFront / FIA or a similar accounting platform
- Advanced user of Microsoft Excel (pivot tables, SUMIFS, lookups, large datasets, interrogate macros) and wider Microsoft products
- Knowledge of Power BI
- Familiarity with banking portals and setting up/reviewing wires for external payments
- Strong risk and control mindset with high attention to detail and disciplined escalation
- Experience supporting, coaching or supervising junior colleagues, including work allocation and quality review
- Excellent communication and stakeholder management skills, able to challenge constructively across functions and seniority
- Degree-level education or equivalent professional experience
BlackRock Compensation & Benefits Highlights
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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.
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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.
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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.
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