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The FAO team is responsible for working with third party fund accounting administrators to ensure proper accounting, reporting and compliance for its multitude of open and closed end funds. This includes reviewing and analyzing property and portfolio related operating data as well as monthly/quarterly fund level accounting packages and quarterly fund level financial statements prepared in accordance with Generally Accepted Accounting Principles. FAO team is responsible for reviewing investor capital account allocations and fund level waterfall distribution calculations. FAO team coordinates with external auditors on year-end audits and assists with work papers for internal/external tax accountants as part of the year end income tax return preparation.
The FAO team will also be involved in onboarding of new real estate fund products, including operational set-up and the review/documentation of management and performance fees to ensure adherence to established accounting policies and procedures. The FAO team interacts daily with many other areas of the firm such as Portfolio Management, Valuations and Capital Markets, and Client Communications teams to collaborate execution of tasks.
The Accounting Director will be responsible for running team and involved in all finance and operations activities, with a focus on streamlining operational processes to enhance efficiencies. The Director will be leading the team to enhance the internal control operating model and the Administrator oversight model. The Director will work very closely with the property managers and the asset managers in addition to partnering with third party accounting administrators to ensure accurate reporting to investors. A successful candidate in this role will be positioned well with growth opportunities as the Alternatives platform continues to grow with the ever evolving real assets market.
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.
More Information About the Job
Is Relocation Available?
Is there a bonus structure?
20% or higher
Are you open to sponsorship?
This position is:
Is there a possibility to work remote?
Is there equity?
Are there flexible work hours?
Does this position have direct reports?
Who does this position report to?
Managing Director of Real Estate Fund Accounting
What are the 3-4 non-negotiable requirements on this position?
• Bachelor Degree in Accounting • 15 years accounting experience (public accounting experience is a plus). • Real Estate and/or Private Equity experience critical • Technology proficiency is essential as the candidate would leverage a number of software applications such as Microsoft Excel, Word and PowerPoint as well as YARDI.
What are the nice-to-have skills?
• CPA or CPA candidate preferred but not required • Candidate must exhibit strong financial and analytical skills. • Candidate must be client service oriented
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