PFS Fund Accounting - Associate
BlackRock
Mumbai, IndiaPosted 3 months ago
Skill Required
writtenUnityFulltime
Key highlights
- Hybrid work model: 4 days in office, 1 day remote
- Late shift required: 2 PM to 11 PM
- 5+ years of Fund Accounting or financial services experience required
- Comprehensive benefits including healthcare, retirement, and Flexible Time Off (FTO)
- Part of BlackRock’s $370B client assets platform with global reach
- Equal Opportunity Employer
Role overview
HPS Investment Partners, now part of BlackRock, is a leading global credit-focused alternative investment manager providing creative capital solutions and generating attractive risk-adjusted returns. The Fund Accounting team at HPS is responsible for maintaining the books and records of HPS funds, including NAV calculations, fee management, expense review, and capital calls/distributions. The Fund Accounting Associate plays a key role in this process, working closely with internal teams and external administrators to ensure accuracy and compliance. This role involves monthly/quarterly book closings, financial statement preparation, and ad hoc reporting, supporting both fund operations and investor requests.
Responsibilities
- Monthly and quarterly closing of the funds’ books with fund administrators
- Preparation and review of partners’ capital statements
- Preparation and review of capital call and distribution calculations and notices
- Review of fund expenses for accuracy and coordination of accruals and payments
- Calculation and review of monthly investor return and NAV estimates
- Preparation and review of quarterly and annual GAAP financial statements
- Ad hoc reporting and projects
- Liaising with both internal HPS departments (e.g., Middle Office, Cash Management, Asset Management/Valuation, Legal, Product Specialist, Investor Relations, Management Company Accounting) and external third-party fund administrators
- Fund setup and operation support
- Oversight, review, and reconciliation of the books and records with internal and external teams
- Management and performance fee review
- AUM, performance, and fee reporting and revenue recognition support
Requirements
- Bachelor's degree in Accounting or Finance
- 5+ years of combined experience in a Fund Accounting role, and/or public accounting role supporting clients within the financial services industry (preferably within Private Credit, Public Credit, Private Equity or Hedge Funds)
- Strong verbal and written communication skills
- Positive attitude and willingness to continuously learn
- Self-motivated with the ability to work in a fast-paced environment with minimal supervision
- Ability to consistently be attentive to detail while meeting critical deadlines and handling multiple tasks simultaneously
- Strong organizational skills
- Thorough knowledge of internal controls
- Ability to work with large volumes of data and maintain high levels of accuracy
Nice to have
- Master's degree in Accounting or Finance
- Big four public accounting experience
- Chartered Accountant (or equivalent)
Benefits
- Strong retirement plan
- Tuition reimbursement
- Comprehensive healthcare
- Support for working parents
- Flexible Time Off (FTO)
Additional details
- Hybrid Work Schedule and Shift Timings: 4/1 split (4 days in office, 1 day remote)
- This role requires working a late shift to support stakeholders across EMEA and US time zones (2 PM to 11 PM)
- BlackRock’s hybrid work model requires at least 4 days in the office per week, with flexibility for 1 day remote. Some business groups may require more in-office time.
- Guidance on AI use for candidates: AI may be used for learning and preparation, but interviews focus on the candidate’s own experiences and judgment.
- BlackRock is an Equal Opportunity Employer, evaluating applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation, and other protected attributes.
- HPS was acquired by BlackRock on July 1, 2025, with 100% of consideration paid in BlackRock equity. The combined platform (PFS) has ~$370B in client assets, including $205B in private credit, with 590+ investment professionals and ~1,300 employees globally.
- HPS’s history includes its establishment in 2007, acquisition by its senior executives in 2016, and subsequent minority investments from Dyal Capital Partners (2018), Guardian Life Insurance (2022, increased in 2024).
- The PFS business unit is led by Scott Kapnick, Scot French, and Michael Patterson, who have joined BlackRock’s Global Executive Committee.