VP Investment Accounting - Real Estate
Location
Manhattan, New York, United States
Work type
Onsite
Employment
Full Time
Experience
10+ years
Compensation
Compensation not disclosed
Posted
2w ago
Summary and responsibilities
Role overview
Summary
The VP Investment Accounting - Real Estate will oversee external administration, accounting, and financial reporting for assigned funds, focusing on U.S. Real Estate. This role involves reviewing NAV packages, ensuring reporting deadlines are met, performing risk assessments, and driving improvements in internal controls. The individual will also manage year-end audits, interpret new accounting releases, and collaborate with internal and external stakeholders.
Job Description
VP Investment Accounting - Real Estate
Team Overview
We are looking to add a senior controller to our growing Alternative Operations team in New York which oversees the accounting, reporting and administration for various closed-end and hybrid alternative investment products. The team interacts with 3rd party service providers and internal groups such as portfolio management, operations, legal and compliance and product tax to ensure the funds' financial activities are properly recorded. This particular role will have a major focus on the integration of our U.S. Real Estate business (both debt and equity) into a strong and consistent operating model within Alternative Business Operations.
Role Responsibilities
Oversee external administration, accounting and financial reporting for assigned group of funds;
Review NAV accounting packages prepared by the external administrators for accuracy and completeness as part of the periodic NAV close process for the funds;
Ensure periodic fund NAV, investor reporting, regulatory reporting, and financial reporting deliverable deadlines are met;
Consistently perform risk assessments and proactively drive improvements in internal control environment and procedures both internally and at 3rd party service provider;
Review investor allocations, as well as management fee and distribution/waterfall calculations for funds;
Provide oversight of year-end audits performed by independent accountants in conjunction with external administrator involvement;
Research, interpret, document and implement new accounting releases that affect the funds;
Assist with review and approval of fund operating expenses;
Assist with data aggregation and calculations for regulatory filings;
Work with external administrator, internal team members and other BlackRock groups to resolve fund accounting and other operational issues, as identified;
Perform periodic internal reporting to other BlackRock groups (e.g. fund metrics, AUM, fee revenue, investor data);
Lead and participate in group projects and initiatives;
Respond to ad hoc requests from outside investors and other BlackRock groups.
Experience
9+ years of investment / fund accounting /public accounting (audit) work experience or equivalent, including review experience for at least a portion of that time.
Strong leadership and management skills and ability to collaborate across many teams
Dynamic individual with very strong communication skills, both written (presentations/policies/process documents) and verbal.
Positive attitude with very strong problem solving skills
Great Multi-tasking skills, great project management skills and deadline focused
Minimum education requirement: Bachelor Degree in Accounting
Minimum experience requirement: 10 years accounting experience (public accounting experience is a plus).
Knowledge of technical and regulatory issues affecting the alternatives investment fund industry, including knowledge of investment company accounting/reporting, US GAAP and IFRS. (Real Estate/Infrastructure/Private Equity/Valuation experience a plus.)
CPA candidate preferred but not required
Standout colleague with excellent interpersonal skills including ability to collaborate with a broad network of colleagues to help resolve issues
Excellent verbal and written communication skills - ability to interact and clearly communicate complex concepts to a wide variety of partners
Fluency in Microsoft Office (Excel, Outlook, Word, PowerPoint)
Updated 2w ago
Candidate fit
Skills and qualifications
Additional skills
Experience
10+ years
How this role is positioned
Role classification
Job domains
Industries
Employment
Full Time
Contract duration
Permanent
Hiring type
Direct
Global hiring
Location specific
Offer details
Compensation and benefits
Compensation
Compensation not disclosed
Location, schedule, and role shape
Work setup
Work conditions
Bandwidth profile
Context on the employer
Company snapshot
Company
BlackRock
Team size
Growing team
Location
Manhattan, New York, United States
BlackRock's Alternative Operations team oversees the accounting, reporting, and administration for various closed-end and hybrid alternative investment products. The team focuses on integrating the U.S. Real Estate business into a consistent operating model.
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VP Investment Accounting - Real Estate
Manhattan, New York, United States • Full Time