Director, Alternatives Operations – Private Credit REIT - Princeton

BlackRock • Princeton, NJ

19h • $184,000 - $250,000 • Hybrid

About The Position

About this role About BlackRock Global Accounting and Product Services ("GAAPS"): Alternatives Operations supports BlackRock alternative investment products across its $319B platform of alternatives assets under management. BlackRock takes a dynamic approach to alternative investments, creating innovative investment vehicles that increasingly capitalize on evolving opportunities in fast-changing markets. We offer clients strategies designed to provide returns with varied correlations to the equity and bond markets, including private credit and direct lending, private equity, real estate equity and debt, hedge funds of funds, infrastructure equity and debt, renewable energy and transition investment products, single strategy hedge funds, long-only absolute return strategies, commodities and structured products. Team Overview Elevate your career by joining the world's largest asset manager! Thrive in an environment that fosters positive relationships and recognizes outstanding performance! A seasoned accounting and finance professional is needed to act as Controller and report directly to the Chief Financial Officer (CFO) to oversee the accounting, reporting and operations of BlackRock’s latest evergreen private fund offerings focused on credit investment strategies. Oversight responsibilities will include: maintenance of accurate books and records, preparation of financials and SEC filings, dividend management, preparation of board and investor materials, financial forecasting, liquidity management and oversight of credit lines, implementation of Sarbanes-Oxley compliant control framework, Board and investor presentations on financial results, service provider management and other relevant roles. Role Responsibility: The Controller will assume responsibility for oversight and delivery of: Accurate and timely close of accounting books and records produced by the service provider for the portfolio and the fund for each month-end close. All financial reporting, including SEC filings and related disclosures, as well as management reporting. Preparation and delivery of quarterly presentations to the Board of Directors and investors. Performance of cash and income analyses and forecasting. Management and incentive fee calculations, tracking and projections. Periodic compliance reporting. Design and implementation of SOX compliance processes and ongoing internal control testing in order to ensure a best-in-class control environment. Liaising with Co-Advisor, administrator, custodian, transfer agent, and other outside vendors to facilitate daily business activities. Determination of dividend amounts and oversight of calculations and payments. Preparation and monitoring of tax compliance tests, borrowing base calculations, asset coverage tests, liquidity tests, etc. Liquidity management and oversight of credit facilities. Service provider management. Experience We are looking for an experienced finance and accounting leader who will be detail oriented, highly analytical and proactive with respect to identifying and implementing operational processes to achieve accuracy, strong internal controls and efficiencies. Additionally, candidate should be able to flourish in an extremely fast-paced and growing environment.

Requirements

• Minimum of 10+ years of related experience, preferably with a public-reporting entity or a “Big 4” public accounting firm.
• Extensive prior experience in accounting, administration, financial control or audit function for private funds including SEC filing experience.
• Strong accounting skills, including knowledge of US GAAP and financial statement presentation; CPA preferred.
• Thorough knowledge of internal controls as they relate to the accounting operations of a public filer and SOX implementation experience.
• Ability to work under pressure and meet deadlines in a fast paced and team- oriented environment.
• Executive level verbal and written communication skills including experience interacting with Boards, investors, service providers and lending agents.
• Ability to assist in facilitating process integration and improvements.
• Strong organizational, analytical, problem-solving and planning skills, including the ability to multitask.
• Proficient in Microsoft Office products, emphasis on Excel; knowledge of the investment company industry a plus.

Responsibilities

• Accurate and timely close of accounting books and records produced by the service provider for the portfolio and the fund for each month-end close.
• All financial reporting, including SEC filings and related disclosures, as well as management reporting.
• Preparation and delivery of quarterly presentations to the Board of Directors and investors.
• Performance of cash and income analyses and forecasting.
• Management and incentive fee calculations, tracking and projections.
• Periodic compliance reporting.
• Design and implementation of SOX compliance processes and ongoing internal control testing in order to ensure a best-in-class control environment.
• Liaising with Co-Advisor, administrator, custodian, transfer agent, and other outside vendors to facilitate daily business activities.
• Determination of dividend amounts and oversight of calculations and payments.
• Preparation and monitoring of tax compliance tests, borrowing base calculations, asset coverage tests, liquidity tests, etc.
• Liquidity management and oversight of credit facilities.
• Service provider management.

Benefits

• employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Education Level: No Education Listed