Fund Accounting, Private Financing Solutions, Associate
BlackRock
Mumbai, IndiaPosted 2 months ago
Skill Required
writtenUnityFulltime
Key highlights
- Hybrid work model (4/1 split)
- Late shift (2 PM to 11 PM)
- 5+ years of experience required
- Comprehensive healthcare and retirement benefits
- Part of BlackRock’s $370B private financing solutions business unit
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 is responsible for the books and records of HPS funds, including NAV calculation, fee management, expense review, and capital calls/distributions. The Fund Accounting Associate plays an integral role in reviewing and reconciling fund books, liaising with internal and external teams, and supporting fund setup, operations, and ad hoc 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 internal HPS departments (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
- Responding to ad hoc internal and investor requests
Requirements
- Bachelor's/Master'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 to work from home 1 day a week
- Some business groups may require more time in the office due to their roles and responsibilities
- Guidance on AI use for candidates: AI may be used thoughtfully for learning and preparation, but interviews focus on the candidate's own experiences and judgment
- BlackRock is an Equal Opportunity Employer, evaluating qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation, and other protected attributes