NAV Oversight Vice President - DEL

Blackrock, Inc. Wilmington , DE 19801

Posted 3 months ago


About this role

GAAPS Alternatives | Vice President NAV Oversight | Wilmington

About BlackRock

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 actively engage your involvement in our success. With over USD $6 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

The Global Accounting and Product Services (GAAPS) division is responsible for providing operational support to BlackRock's portfolio management teams and clients. GAAPS is central to business operations in providing subject matter expertise, monitoring fund administrator service delivery in relation to fund accounting and financial reporting, monitoring operational capacity for new products, supporting projects regarding product launches and liaising with fund administrators, auditors, fund directors and portfolio managers. The group comprises of a number of teams and is organized both functionally and regionally. This position is within the Open-End NAV Oversight team supporting alternatives in the US.

Role Responsibilities

  • Ensure best in class control environment exists internally and externally within our 3rd party administrators

  • Partner with internal teams who support the same product set, including our portfolio management, legal, tax, product strategy, corporate accounting and finance and all other necessary groups

  • Support the business in the launch of new products or the liquidation of legacy products at the end of their stated term

  • Perform detailed reviews and analysis of key reconciliations (cash, position) and contribute to resolution of breaks

  • Review portfolio P&L in conjunction with approval of NAVs and remediate outages between internal and external calculations

  • Recalculate management and performance fees, including those with high-watermark and hurdles, in connection with NAV reviews and approvals

  • Provide input on annual audited financials along with the alternative financial reporting group

  • Product management responsibilities including liaising with funds' independent auditors, tax providers and administrators to ensure proper close-out of all open inquiries

  • Support required regulatory filings, such as Form PQR, Form PF, and AIFMD filings

  • Communicate performance results to investors and resolve investors' questions

  • Group project opportunities related to implementation of new product accounting, operational procedures, and planning / evaluating technology enhancements

  • Support the investment and business team with marketing and product launches


  • 5-9+ years of investment / fund accounting / public accounting (audit) work experience or equivalent, including review experience for at least a portion of that time.

  • Bachelors' degree in Accounting (strongly preferred) or Finance. CPA a plus.

  • Excellent attention to detail and written and verbal communication skills

  • Proper and effective accounting skills including knowledge of GAAP and financial statements.

  • Sound analytical and problem solving skills.

  • Works effectively to plan and prioritize responsibilities including ongoing and ad hoc projects simultaneously;

  • Fluent in Microsoft Office products, emphasis on Excel.

About BlackRock

BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of September 30, 2019, the firm managed approximately $6.96 trillion in assets on behalf of investors worldwide.

For additional information on BlackRock, please visit | Twitter: @blackrock |

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

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.

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NAV Oversight Vice President - DEL

Blackrock, Inc.