Vice President, GAAPS Alternatives (Private Markets Performance) - Princeton
BlackRock
**About this role**
GAAPS Alternatives | Vice President Performance | Princeton
**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 $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**
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 fund accounting and financial reporting, monitoring operational capacity for new products, supporting projects in relation to product launches and liaising with fund administrators, auditors, fund directors and portfolio managers.
We are seeking an initiative-taking and career driven candidate to join our growing Private Markets Performance team overseeing BlackRock’s Alternative Investments business. The function will span businesses such as Private Equity, Private Debt, Infrastructure, Hedge Funds and Fund of Funds. Seeking an experienced professional to work on complex and fast-paced businesses in a dynamic and evolving environment. BlackRock Alternatives is a strategic focus for the firm and this position will be part of a core team in Princeton, NJ focused on Alternatives Operations.
**Role Responsibilities**
+ Calculate accurate and insightful performance metrics for open-end funds, closed-end funds and separately managed accounts. Provide oversight of third-party administrators, while liaising internally with Portfolio Management, Product Strategy, Fund Controllers, Compliance and GIPS teams
+ Demonstrate subject matter expertise and ownership of the day-to day performance oversight function to ensure timely and accurate delivery of performance for usage in client reporting, marketing and internal management reporting
+ Ensure a robust control environment exists both at the fund service providers and internally to mitigate risk of errors. Develop new controls and consider appropriate points of performance comparison (e.g. benchmarking)
+ Drive increased efficiency and control through continuous review of operating procedures; evaluate and implementing technology improvements in partnership with dedicated Technology teams
+ Support internal and external partners’ ad-hoc requests - provide status updates and appropriately manage expectations with senior partners
+ Responsible for compliance with performance-related requirements stemming from SEC (and other) regulations
+ Follow up on incidents including root-cause analysis as well as proposing and overseeing the implementation of solutions to reduce future occurrences
+ Participate in the product onboarding and lifecycle change process, to drive key decisions relating to performance
**Experience**
+ 7+ years of investment management performance oversight / GIPS work experience or equivalent. Alternative investment experience, specifically for closed-end structures required
+ Strong academic background with a degree in Finance (preferred) or other related fields. CFA a plus, as well as other designations such as CIPM or CAIA
+ Performance-measurement spanning time-weighted rates of return, internal rates of return, equity multiples and benchmarking
+ Working knowledge of / familiarity with related disciplines of Operations, Valuation and Investment Accounting
+ Sound analytical and critical thinking skills
+ Excellent attention to detail and written and verbal communication skills
+ Ability to manage projects and team members, and meet deadlines within a team environment
+ Fluent in technology applications; development/citizen coding skills a plus
**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 (http://careers.blackrock.com/) | Twitter: @blackrock (https://twitter.com/blackrock) | LinkedIn: www.linkedin.com/company/blackrock
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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