Previous Job
Previous
Controller Private Credit Director NY
Ref No.: 17-18934
Location: New York, New York
Responsibilities:
  • Shared responsibility for the management and oversight of the production of supporting documentation of all line items and disclosures in the BCIC and JV financials
  • Shared responsibility for the management and oversight of the financial statement preparation and review process
  • Responsible for oversight and review of substantially all of the work of the Associates
  • Become knowledgeable on RIC distribution requirements and excise tax rules and various other tax aspects of a RIC
  • Develop an understanding of BCIC's tax provision calculation and dividend coverage versus taxable income
  • Assume responsibility of incentive fee calculation, tracking and projection. Gain a thorough understanding of its mechanics and how possible outcomes will affect the results
  • Participate in debt restructuring analysis and conversations. Understand the potential impact on GAAP and tax.
  • Involvement in potential consolidation issues. Gain a thorough understanding of the rules, implications and related GAAP disclosures
  • Become involved in Accounting Policy discussions, understand the impact to the business, and implement the required disclosures
  • Production of 12 month forecasts of NII, dividend coverage, leverage, etc. using various business assumptions
  • Gain intimate knowledge of our credit facility and other debt docs and the related requirements thereunder. Intention is to understand and anticipate the effect different business conditions will have on certain borrowing base and compliance limitations
  • Understand the effect various transactional decisions will have on the overall business (issuing equity, issuing preferred stock, increasing/decreasing dividend). Ability to model out the various scenarios and outcomes
  • Participate in the management and development of newly hired Associate.
  • Special projects as they occur.

Requirements:
  • Approximately 10 years of related experience, preferably with a publicly traded entity or a "Big 4” public accounting firm; CPA a must.
  • Excellent accounting skills and deep knowledge of GAAP as it relates to our business. Thorough knowledge of the necessary internal controls around the accounting and reporting functions of a publicly traded entity. Knowledge of SOX process a must.
  • Ability to work successfully under deadlines.
  • Self-starter, independent worker and ability to make sound and timely decisions.
  • Ability to handle a variety of complex tasks simultaneously and comfortable working closely with senior management.
  • Knowledge of the investment company industry a plus.

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, disability, veteran status, and other statuses protected by law.

Qualifications:


Employee Status:
Employee
Job Type:
Standard
More Information About the Job
Are you open to sponsorship?
No

Is there a possibility to work remote?
No

Is there equity?
No

Are there flexible work hours?
No

Does this position have direct reports?
No

Who does this position report to?
CFO of the BDC

What are the 3-4 non-negotiable requirements on this position?
Private funds financial controller experience.

What are the nice-to-have skills?
BDC fund controller experience.

What is exciting about this opportunity? Please use this section to describe team and company culture.
This role supports a private credit boutique within BlackRock's Alternatives platform.

Additional Information
1. Travel arrangements for candidates' traveling with a BlackRock employee, as directed by BlackRock, must be booked through Blackrock.
2. BlackRock verifies the credentials and employment history of candidates offered employment. Therefore, the Search Firm agrees to notify all candidates that information presented on any application forms, resumes or during the interview process will be verified.
3. The Search Firm will advise each candidate that BlackRock expects him or her to honor his or her contractual obligations to any previous employer. The Search Firm will also advise the candidate to seek independent legal advice where the candidate has any question concerning the nature of the candidate's obligations or enforceability of any contract terms, such as provisions prohibiting solicitation of other employees of any previous employer, confidentiality and non-compete clauses. In the event that the Search Firm learns that a candidate is subject to restrictive covenants of the type referenced above that it reasonably believes may impact the candidate's ability to perform in an unrestricted manner in the position for which the search is engaged, the Search Firm will advise BlackRock of such restrictions.
4. Hiring Company verifies the credentials and employment history of Candidates offered employment. Therefore, the Search Firm agrees to notify all candidates that information presented on any application forms, resumes or during the interview process will be verified. Any false or misleading information, omissions or misrepresentations may be grounds for immediate discharge if the employment has commenced employment or revocation of the offer. Federal law also requires that employers hire only individuals who are authorized to be lawfully employed in the United States. In compliance with such laws Hiring Company will verify the employment authorization status of every individual offered employment with Hiring Company. Accordingly, all offers of employment are subject to the verification of the applicant's identity and employment authorization and it will be necessary for the candidates to submit such documentation as required by law to verify identification and employment authorization. All offers of employment are also conditional upon satisfactory completion of a background check conducted by an outside vendor which may include a criminal record search, drug testing and/or fingerprinting, as may be permissible under applicable law. The Search Firm agrees to inform all candidates of these requirements.
5. Limits on Candidates. In light of the importance of BlackRock's relationships with certain clients, BlackRock has determined that, employees of the following companies shall not be approached if they are at the Director or Managing Director level in their current position or if the search pertains to a Director or Managing Director level position at BlackRock: Ameriprise, Fidelity, Japan Post Bank, Lincoln Financial, Client, Pacific Life, Client, Prudential, Strategic Investment Group, Swiss Re, UniCredit and Zurich Insurance.