About this role
PFS Investment Partners, a part of BlackRock, is a leading global, credit-focused alternative investment manager that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage various strategies across the capital structure, including privately negotiated senior debt; privately negotiated junior capital solutions in debt, preferred and equity formats; liquid credit including syndicated leveraged loans, collateralized loan obligations and high yield bonds; asset-based finance and real estate. The scale and breadth of our platform offer the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients.
Department Description
The Fund Accounting team’s primary responsibility is the books and records of the HPS funds. This responsibility includes oversight, review and reconciliation of the books and records with internal teams including Middle Office, Cash Management, and Asset Management / Valuation as well as with external, third-party fund administrators. This responsibility includes NAV calculation and review, management and performance fees, expense review and management and capital calls and distributions. In addition to the core books and records, Fund Accounting works closely with Legal on fund setup and operation, with Product Specialist and Investor Relations on ongoing and ad hoc analysis and with Management Company Accounting on AUM, performance and fee reporting and revenue recognition.
Position Description
PFS is currently hiring for a Vice President level candidate to join the BlackRock Fund Accounting team based in Mumbai, India. The Fund Accounting Vice President performs an integral role within the Fund Accounting team, managing a group of Fund Accounting Analysts and Associates with collective responsibility for review and reconciliation of the funds’ books and records. The Fund Accounting Vice President reports to an Executive Director. The Fund Accounting Vice President will be involved in the closing of the books including NAV review and reconciliation, fee calculations and partners’ capital statement review among other responsibilities. Additionally, the Fund Accounting Vice President will be involved in fund setup and operation and ad hoc internal and investor requests.
Responsibilities
Specific responsibilities will include but not be limited to the following:
- Monthly and quarterly closing of the funds’ books with fund administrators
- Management fee and incentive fee waterfall calculation and review
- Review of partners’ capital statements
- Review of capital call and distribution calculations and notices
- Review of fund expenses for accuracy and review of accruals and payments
- Review of monthly investor return and NAV estimates
- Preparation and review of quarterly and annual GAAP financial statements
- Review and support monthly and quarterly corporate reporting requirements
- Oversee and review quarterly and annual compliance-related requests, eg, Form ADV, Form PF requests, etc.
- Ad hoc reporting and projects
- Interact regularly with internal clients, stakeholders, external administrators and auditors.
- Management and oversight of day to day Fund Accounting function and Analyst and Associate team members.
Candidate Profile
- 8-15 years of relevant experience in an Accounting role
- Financial Services experience required, Asset Management or Alternative Investment industry preferred, Private Credit experience highly preferred
- Accounting degree preferred
- CPA preferred
Location
- Mumbai, India
Employment Type
- Full-time, Exempt
Hybrid Work Schedule
- 4/1 split (M-Th from office, F work from home)
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.
Guidance on AI use for candidates
At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.
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.
To learn more about BlackRock, please visit Careers.BlackRock.com. We also encourage you to get to know us on LinkedIn, Instagram, YouTube, X, and TikTok.
BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.
