ASO/VP - FAIR

About this role

As a FAIR VP within the FAIR team, you will be part of a high impact team focused on delivering exceptional analytical reports. This team’s work focuses on analyzing and recalculating fees and expenses relating to private equity and other alternative investments. Reporting into the Global Head of FAIR Operations, you will be responsible for leading a team that examines financial data and provides our clients insight into their management fee, expense, and carried interest structures through training, reviewing the work of the team, and providing 1:1 coaching to local staff.  

The Impact:

You will have the opportunity to pursue and cultivate a rewarding career with a forward-thinking organization. If you are an experienced fund accountant, auditor, or financial due diligence professional and appreciate the nuances of private equity agreements and complex legal agreements and financial structures, FAIR is the place for you. As a FAIR VP, you will have the ability to add value across multiple clients within the FAIR team, enabling you to gain a deep perspective and awareness of the wider industry You will oversee FAIR EMEA operations, ensuring staff are meeting various internal KPIs, reviewing custom FAIR reports, and providing feedback along with career advancement opportunities to staff. You will collaborate with the larger global FAIR team to make sure work is appropriately planned for, bottlenecks are addressed timely, and to identify areas where technical training is needed. Additionally, you will lead client engagement for FAIR across the EMEA region through report delivery, client presentations, and new business development.

Roles and Responsibilities:

Review and Analysis

• Review detailed reports on management fees, partnership expenses, and carried interest for a variety of alternative investments, including private equity, real estate, private debt, and real assets
• Ensure consistent methodologies around data extraction, fee recalculation, and report creation are applied to all reports
• Assist staff with the resolution of variances through communicating with GPs, clients, and other team members
• Detailed review of reports created by senior analysts/ analysts for adherence to our methodology, accurate calculations, formatting, and commentary
• Act as a subject matter expert on all internal methodologies and procedures to guide staff through complex calculations and reporting
• Adhere to team KPIs to ensure timely report delivery for all clients

Client Management

• Act as the main point of contact for clients in the EMEA region through responding to client email inquiries, conducting regular status calls, leading presentations, and coordinating report deliveries
• Remain up to date on current outstanding items, project status, and deadlines through the maintenance of client-facing trackers in Microsoft Excel and internal trackers created in Jira.
• Breakdown and explain complex fund terms, especially those relating to carried interest and management fees
• Created detailed presentation materials and present FAIR findings to clients on a quarterly basis
• Respond to client email inquiries timely and effectively, looping in senior team members as needed
• Propose and execute quarterly plans to ensure timely delivery of FAIR reports in a manner that meets or exceeds client expectations.

Leadership and Project Management

• Create and monitor quarterly workplans to ensure on time client delivery
• Provide constructive feedback to FAIR staff, monitor their KPIs and overall career progression
• Train new staff, provide support through their learning curve and monitor performance
• Foster a collaborative team culture and encourage cross-geographical collaboration
• Provide intensified coaching and required support for underperforming staff
• Collaborate with other FAIR staff to create career advancement opportunities for top performing staff
• Develop subject matter expertise over all key FAIR operational processes
• Collaborate with cross-functional stakeholders to improve FAIR processes
• Oversee recruitment efforts in the region
• Present key metrics and challenges to management as needed

Key requirement for this role:

Review and Analysis

• 8+ years of experience in fund accounting, investment management, external audit, or another private equity-adjacent role from a reputed organization
• Excellent understanding of financial statements including notes to financial statements, capital account statements, cash flow notices, ILPA templates, and other information regularly published by General Partners
• General understanding of limited partnership agreements, private equity fund structures, and associated fees
• Meticulous attention to detail in reviewing reports and applying consistent methodologies
• Excellent Microsoft Excel skills required, ability to work with complex functionalities
• Strong written and verbal communication skills to document key items in reports and communicate with internal stakeholders and clients
• Bachelor’s degree in accounting or finance required
• CA, CPA, CFA, CAIA, ACCA, or other accounting/ finance certification(s) required

Client Management

• 5+ years of experience in client management/ service as a financial consultant, auditor, investment advisor, or other financial service field
• Strong presentation skills including the creation of presentation materials in Microsoft PowerPoint and the ability to break down and explain complex topics to key stakeholders
• Organized and methodical in managing both internal staff and external clients to meet project milestones in order to deliver reports on-time
• Strong written and verbal English communication skills

Leadership and Project Management

• 4+ years of team management experience required
• Demonstrated ability to lead and motivate cross-geographical teams of 10+ members
• Proficient in project planning, scheduling, and execution with flexibility to adapt to changing project priorities
• Proactive problem solving and decision-making skills
• Desire to become a subject matter expert on operational processes and internal methodologies
• Experience in driving innovative solutions to create streamlined workflows and operational efficiency
• Experience in training staff in technical finance/ accounting/ audit topics
• Desire to assist staff in achieving their professional goals
• Ability to work under pressure and motivate staff to meet KPIs
• Strong communication and interpersonal skills to drive cross-functional success

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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, race, religion, sex, sexual orientation and other protected characteristics at law.