Staff
BlackRock · Dallas, Texas · Hybrid
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Prepare NAVs, management accounts, fees and waterfall calculations for private equity funds and support audits.
Worth knowing: Employees required to work at least 4 days in office per week
About this role Join our Fund Services – Accounting team as a Fund Accounting Associate. This role is ideal for candidates who have experience in Accounting and Finance with at least a year of foundational experience in Private Equity fund accounting and offers an opportunity to grow in a high-impact environment. You’ll work on core accounting processes and client reporting for Private Equity funds. Key Responsibilities Prepare quarterly management accounts for Private Equity funds. Handle NAV calculations, management fees, and assist in waterfall computations (including carry, equalization, and late closing interest). Maintain and process accounting records, including journal entries and general ledger updates. Support annual fund audits and liaise with external auditors and clients. Prepare draft annual financial statements under UK/US GAAP; exposure to IFRS, Canadian GAAP, and Lux GAAP is a plus. Collaborate with the tax team for timely completion of tax engagements and accurate accruals. Assist in preparing regulatory returns as required. Support cash management functions and treasury operations (bank reconciliations, liquidity monitoring, payment releases). Participate in team initiatives, including training and onboarding new clients. What We’re Looking For Minimum 1 – 3 years of experience in Private Equity Fund Accounting [Prior Accounting experience a plus] University degree in accounting and/or finance. Desire to study CPA, CA, CFA, CAIA, ACCA, or other accounting/finance certification(s) preferred. Hands-on exposure to NAV calculations, management fees, and waterfall computations Conceptual understanding of the complexities of preparing the financials from a trial balance manually. Working knowledge of US or UK GAAP; familiarity with IFRS or other GAAPs is a plus. Proficiency in MS Excel and other Microsoft tools. Experience with accounting systems or reporting tools a plus; FIA knowledge is advantageous but not required. Detail-oriented, eager to learn, and able to work in a fast-paced environment. What You’ll Gain Hands-on exposure to NAV calculations, management fees, and waterfall computations Good understanding of complex private equity fund structures. Alternative to audit led training experience. Hands-on with client funds Strong working knowledge of US or UK GAAP; familiarity with IFRS or other GAAPs is a plus.
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