About this role
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 actively engage your involvement in our success. With over USD $13 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
This team is part of the Global Alternatives Transactions (“GATS”) group within Business Operations. The team’s core focus is to: Support private asset settlements and lifecycle activities Manage BlackRock’s investment book of record (“IBOR”) as it relates to our alternatives platform and make this data available to downstream consumers
Our alternative investment capabilities are fully integrated into BlackRock, enabling investment teams to leverage the firm’s considerable resources in risk management, product development, client service, and operational support
Role Responsibility
- Demonstrate product and functional knowledge of the alternative investments industry, with a focus on private credit, to effectively communicate with the business and trading counterparties.
- Help lead the settlement process for private assets and loans—including funding and documentation matters—and support ongoing lifecycle activities to maintain BlackRock’s investment book of record (“IBOR”).
- Interact with Portfolio Management, NAV Oversight, Client Servicing/Reporting, Legal, and Tax teams as needed to develop and enhance operating models for private credit and other alternative asset strategies.
- Support the onboarding of new alternative mandates, including informing and implementing processes for investment/trade lifecycle management, cash management, reporting, and reconciliation.
- Gain an understanding of all applicable portfolios and deal-related documentation to ensure controls and adherence to guidelines. Identify risk areas and implement or improve risk-mitigating controls.
- Collaborate closely with Administrative Agents, Borrowers, and Legal regarding KYC documentation, including administrative details, tax, and fund formation documents.
- Understand the maintenance and distribution of loan documentation, including private and public amendments, restructures, and voting requirements for settled and trade date positions.
- Research and resolve any discrepancies regarding cash and position breaks.
Experience
- Preferably 7+ years’ experience in consulting, portfolio management, operations, fund accounting or related areas with a heavy focus on private funds and private markets investments.
- Bachelor’s degree: Finance, Information Systems or Accounting preferred.
- Familiarity with the investment management industry (experience with credit strategies, private and registered funds, separate accounts and various types of investors preferred).
- Excellent communication and client service skills.
- Proficient in a high pace environment with large volume and high-risk transactions with a low tolerance for error.
- Works independently or in a team environment and actively seek additional responsibilities.
- Outstanding academic achievement, broad based work experience, and demonstrated leadership experience.
- Preferred knowledge of vendor systems including, but not limited to, Solvas, Digitize, Geneva, Wall Street Office and Clear Par.
- Above all, the initiative and willingness to contribute beyond the scope of one's role to achieve team and firm objectives.
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.
