Vice President Fund Accounting

About this role

Job description

As a Vice President of Fund Accounting, you will be part of a high-growth, high-impact team focused on providing fund accounting and administration services to our portfolio. You will support the team in the day-to-day management of the broader Fund Accounting team and contribute to the strategic growth and development of the team.

Additionally, you will provide a senior-level review of fund accounting deliverables for our clients, ensuring the integrity and high quality of client deliverables, as well as managing key client and stakeholder relationships.

Key Responsibilities

• Lead a team of 5+ and be responsible for the delivery of client deliverables in line with SLAs, with a critical focus on quality

• Partner closely with other teams and across the business to support and drive our operational efficiency and technology-driven automation agenda. Collaborate with the Head of Fund Accounting to define our target state operating model

• Build strong relationships with key client contacts across their investment management deals

• Manage effective and appropriate communication and escalation of issues both internally and to clients. Act as a point of escalation for senior client members

• Lead the onboarding of new clients and funds, including working closely with clients to understand and support aspects of fund structuring, such as administrative implications of onshore and offshore feeders, tax blockers, and parallel master fund structures

• Review limited partnership agreements, as well as other legal, investment, and loan agreements, ensuring compliance with key terms, covenants, and restrictions

• Provide senior-level review support for quarterly and annual financial statements in accordance with relevant accounting standards (UK GAAP, US GAAP, Canadian GAAP, and Lux GAAP), investment performance reporting, and other investor deliverables

• Model and review complex calculations such as carried interest waterfalls, equalization, management fees, and incentive fees

• Provide senior-level review of complex investment reconciliations, leverage, and interest calculations

• Oversee relationships with auditors and tax advisors to ensure the timely completion of audit and tax engagements

• Act as a point of escalation for operational issues or resolutions of complex aspects of audit and tax engagements

• Effectively manage, mentor, and motivate team members to drive personal growth and career development, ensuring the operation of a high-performing, effective team unit

• Contribute to business growth by participating in RfP submissions, client pitches, and other business development activities

Skills, knowledge & expertise

• Total 12+ years of and 7+ years of experience in private equity in multiple sectors (FoF, Co-invest, credit, secondary, etc.) in key requirement for this role

• University degree in accounting and/or finance.

• CA, CPA, CFA, CAIA, ACCA, or other accounting/ finance certification(s) preferred

• Strong Exposure in end-to-end preparation of financial statements and PE year-end financial reports

• Strong understanding of complex private equity fund structures

• Strong Experience working with relevant accounting standards (e.g. US, UK, Lux GAPP) is mandatory

• Good exposure in complex calculations and building waterfall models

• Must have sound knowledge in computing LCIs, Equalisation and carry models

• Conceptual understanding on complexities of preparing the financials from the TBs manually

• Profession accounting qualifications/qualified by experience is essential

• Experience with FIA (Front Invest Analytics) is a plus

• Proficient user of MS Excel and MS Products (confident with handling large datasets, Pivot table, sumifs, vlooksups - understanding of macros not required)

• A strong leader with excellent communication and interpersonal skills, able to motivate, coach and mentor team members in order to maximise their contribution and at the same time build strong, lasting relationships with client and stakeholders

• Qualifications are not as essential as experience. If you feel you have work examples and projects that illustrate what we need, we’re happy to have a conversation.

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.