BlackRock India | Associate - Fund Accounting

Responsibilities

• The role requires a detailed technical understanding of Private Equity funds, and the specific intricacies required in preparing financial statements, computing carry, private equity equalization and late closing interest.
• The role also requires detailed knowledge, through direct working experience, of waterfalls, IRR and other performance metrics (e. g.
• The successful candidate will have extensive experience in preparing periodic and annual audited GAAP based financial statements specifically for Private Equity funds. 
• Prepare and review quarterly management accounts for client private equity funds.
• Lead general client reporting requirements, understanding the structure of the existing reports and client service level standards and key performance indicators (KPIs).
• Compute carry, equalization and late closing interest for funds administered. Prepare and review waterfall calculations.
• Maintain and process accounting records through journals and other transactions to the general ledger and trial balance.
• Manage and coordinate annual fund audits with external auditors and the client.
• Review draft annual financial statements in accordance with IFRS, UK GAAP, US GAAP, Canadian GAAP and Lux GAAP depending on fund domicile.
• Liaise with the tax team to ensure timely completion of tax engagements and appropriate charges and accruals are recorded in the financial statements.
• Develop a clear understanding of cash management function of the funds.
• Work with and provide support to the treasury team as and when required including but not limited to review bank reconciliation, cash management reports, daily liquidity monitoring, invoice and payment releases.
• Training development and potential management of junior team members.
• Identify and implement process improvements to enhance operational efficiency, strengthen controls, and improve the quality and consistency of fund accounting and reporting activities.
• Drive the development and adoption of AI and automation solutions to streamline fund accounting, strengthen analysis and reconciliations, improve exception detection and reporting, and enhance review effectiveness with appropriate governance and oversight.

Qualifications

• An understanding of fund/group structures preferred but not essential.
• Knowledge on private equity carry, waterfall, LCI and equalisation specific to private equity funds.
• UK or US GAAP working knowledge is essential and IFRS, Canadian GAAP or Lux GAAP is desirable but not essential.
• Experience with FIA (front invest analytics) ideal, but not required.
• Excellent working knowledge of accounting databases/running reports.
• Experience in using AI and automation tools, including identifying use-case scenarios, prompt writing, output validation, and responsible data governance.
• 4+ years of strong related experience in the private equity fund accounting is preferred  

BlackRock

BlackRock is a global investment management firm founded in 1988. It is known for its iShares exchange-traded funds and its Aladdin investment and risk-management platform.

BlackRock's Indian offices support investment, operations, finance and technology teams worldwide. Typical finance roles are fund accounting, cash management, reconciliations, financial reporting and controls.

• Industry: Investment management
• Headquarters: New York, USA
• In India: Offices in Gurugram and Mumbai