Associate, Alternative Funds Fee Controller

About this roleTeam Overview The Fee Oversight Team within Alternatives Operations is passionate about working with the relevant partner groups across the firm ranging from long-term strategic and tactical solutions to the complex issues presented by managing and operating alternative products. The team’s engagements are high profile initiatives which require team members to have senior level exposure and play an active role in crafting the future state operating model of Alternatives Operations.Role ResponsibilitiesWe are looking for a candidate to work as part of a global team that will be able to make an immediate contribution to various projects with a specific focus on Management and Performance fees and complex waterfalls. This includes effectively understanding the business and specific issues that need to be addressed, developing a strategy, tracking key achievements, using firm resources and skills to execute on plans, and efficiently deploying the solution across the Alternatives Operations team.Specific responsibilities include:Fee Expertise and CalculationsReview existing unrealized and realized waterfall models which include preferred return, recycling capital, carried interest and clawbackCollaborate with team-members and third-party administrators to build and/or review fee calculations for funds that have launched recentlyInterpret complex fee agreements and other legal documentation to ensure timely and accurate fee calculationsParticipate in new business discussions with prospective and existing clients around fee structuresProject Management and OversightLead the continuous assessment of the oversight model to ensure fee calculations follow the governing legal documentsEnsure that the team operates within the best in class control environmentUnderstand the various Alternatives strategies within BlackRock Private Funds and the challenges faced by each teamUnderstand the alternatives industry and how changes to that industry will impact Private FundsEnsure new funds are onboarded within an outstanding control framework, ensuring external service providers have strong controls around fee calculationsEnsure strict adherence with product policies and guidelines to ensure all legal, compliance, and audit standards are metEffectively communicate complex concepts and procedures to all levels throughout the firmTechnology and Future StatePartner with internal teams to build and troubleshoot management and performance fee calculations in eFrontDrive the technology requirements for new and existing fee improvements, including appropriate test planning and rollout of processBuild and maintain a strong knowledge of Aladdin infrastructure and the future roadmapYou need...At least 3 years of work experience in financial services with at least 2 years alternative investments highly preferredComplex modeling ability with experience in incentive fees, carried interest and management fee calculationsCapability to read, understand, and follow complex partnership agreements and offering materialsProficiency with eFront and InvestranManagement reporting and/or investment partnership accounting experience USD$95,000.00 - USD$127,500.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance. For Wilmington, DE Only the salary range for this position is USD$85,000.00 - USD$117,500.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.Our benefitsTo 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 modelBlackRock’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.About BlackRockAt 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.For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrockBlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing e