Investment Accounting, Associate

Elevate your career by joining the world's largest asset manager! Thrive in an environment that promotes positive relationships and recognizes outstanding performance! We know you want to feel valued every single day and be recognized for your contribution. At BlackRock, we strive to empower our employees and effectively engage your involvement in our success. With over USD $10 trillion of assets we have an outstanding responsibility: our technology and services empower millions of investors to save for retirement, pay for college, buy a home and improve their financial well-being.

Team Overview

We are looking to add an Associate to our Alternatives Fund Controllers team in Dublin. The role will oversee the accounting, reporting and administration covering our Real Estate Value Add Funds. The team interacts with 3rd party service providers and internal groups such as portfolio management, operations, legal and compliance and product tax. 

The position offers significant growth opportunities both organically as the firm expands our product offerings, specifically in the closed end space, as well as opportunities to be involved in ongoing platform wide projects.

Role Responsibilities

Transactions:

• Evaluate agreements with property managers and operating partners, as well as financing arrangements.

• Review completion statements and their mechanisms (e.g. complex share deals).

• Conduct in-depth discussions with the external administrator, operating partners, and various stakeholders on any transaction activity.

• Assess accounting memos and proformas from the external administrator and operating partners, which require ongoing dialogues with stakeholders and potentially the fund auditors.

• Comprehend and document deal trigger events throughout the investment lifecycle, including local and fund-level reporting requirements.

• Understand and document local financial matters (e.g., tax, accounting, audits), and outline Carry or promote implications during the investments' lifecycle.

• Engage with auditors when necessary to address and resolve complex or subjective issues.

Reporting:

• Examine NAV accounting packages prepared by external administrators for accuracy and thoroughness as part of the routine NAV close process for the funds. Ensure timely compliance with deadlines for periodic fund NAV, investor reporting, regulatory reporting, and financial reporting deliverables.

• Regularly conduct risk assessments and actively initiate enhancements in internal controls, technology, and procedures both internally and at third-party service providers.

• Collaborate with auditors and supervise external accounting providers, offering guidance as needed. Work with external administrators to ensure accurate accounting records are maintained at both the Propco and Holdco levels.

• Assess monthly accounting reports from property managers, conduct variance analyses, monitor cash flows, coordinate bank account management, and ensure outsourced service providers process invoices while upholding a robust control environment.

• Foster strong relationships with internal Real Estate teams, particularly Asset Management and Transaction Support. Regularly provide internal reporting to other groups (e.g., fund metrics, AUM, fee revenue, investor data).

• Lead and engage in group projects and initiatives. Address ad hoc requests from external investors and other groups.

Experience:

• 5+ years experienced qualified professional. (ACA, ACCA, or CIMA equivalent)

• Knowledge and experience working in Real Estate closed ended value add funds. 

• Knowledge of regulations such as Corporation Tax, VAT, CIS, other relevant European legislation a bonus. Familiarity of IFRS and local GAAP.

• Use of YARDI or other real estate accounting packages. Proficient use of MS Excel, Word, PowerPoint.

• Strong leadership and management skills and ability to collaborate across many teams

• Positive attitude with strong problem solving, multi-tasking and project management skills