Analyst, Alternatives Portfolio Operations - Delaware

About this role

GAAPS | POG Fund Services Analyst | Delaware

About BlackRock

Elevate your career by joining the world's largest asset manager! Thrive in an environment that fosters 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 $9 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.

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified individuals without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

Team Overview

Americas (AMRS) Product Oversight and Governance (POG)

AMRS POG is a unit within GAAPS. AMRS POG teams are organized regionally to support the unique jurisdictional requirements and partners for our various fund ranges. AMRS POG manages the fund level “structural” needs, including support to BlackRock business groups and the Board of Directors/Trustees that oversee them.

Members of the AMRS POG team are responsible for leading all aspects of the funds’ overall control environment and manage numerous business affairs in support of our funds. These individuals will connect across GAAPS and Business Operations to manage product and regulatory changes within our fund ranges. AMRS POG works closely with several other internal teams to deliver quality and value to our shareholders including but not limited to teams responsible for accounting oversight, financial reporting, product development, pricing, tax, legal and compliance.

Role Responsibility: AMRS POG Fund Services Associate

• Support mutual fund change events, provider selections, fund onboarding and lifecycle management functions.

• Engage with tax, product, and portfolio management teams to determine fund structures, distribution practices and operational models.

• Oversight of the fund distribution review meetings, section 19 disclosures, and distribution policy management.

• Contribute towards and prepare presentations to BlackRock governance bodies (e.g. fund boards) and committees.

• Participate in the investigation of operating events coordinating with cross functional colleagues.

• Review and challenge policies and procedures to help evolve the operating model.

• Assess the operating model for risk and efficiency, with a focus on automation and technology.

• Build good relationships with business areas within BlackRock, effectively engage and lead fund launches and product change.

• Oversight of outsourced functions including fund auditors, review performance of the service providers, and evaluate control environments.

Experience

• 3-6 years 1940 Act investment management industry experience with fund structures such as open-and close-end mutual funds, interval and tender offer funds, and exchange traded funds.

• Understanding of US GAAP and SEC regulatory reporting requirements.

• Fund / product lifecycle event management such as launches, liquidations, mergers, and other restructuring events.

• Familiarity with RIC tax and fund distribution requirements.

• Diverse range of fund expense structures (unitary and pass thru) and methods for waivers, caps, allocation, and application of break points.

• External service provider oversight.

Project Management for regulatory and business change

• Accountability and ownership of key functions and special projects.

• Vendor management experience.

• Good understanding of the fund valuation and associated transaction lifecycle and key control frameworks.

• Solid prioritization skills and ability to handle competing priorities.

• Proven track record in implementing change management.

• Develop practical and pragmatic solutions through a ‘hands on’ approach.

• Strong verbal and written communication capabilities with all levels, including portfolio managers, fund directors, external auditors, senior management, and vendors.

• Initiative, drive, and enthusiasm.

• Excellent attention to detail and passion for performance.

#EarlyCareers For Wilmington, DE Only the salary range for this position is USD$66,500.00 - USD$85,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

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 workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email Disability.Assistance@blackrock.com. All requests are treated in line with our privacy policy.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.