About this role

About Black Rock

Elevate your career by joining the world's largest asset manager! Thrive in an environment that promotes positive relationships and recognizes outstanding performance! We know you want to feel valued every single day and be recognized

for your contribution. At Black Rock, we strive to empower our employees and effectively engage your involvement in our success. With over USD $13 trillion of assets we have an outstanding responsibility: our technology and services empower millions of investors to save for retirement, pay for college, buy a home and improve their financial well-being.

Team 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 Responsibilities

We 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 Calculations:

• Review existing unrealized and realized waterfall models which include preferred return, recycling capital, carried interest and clawback

• Collaborate with team-members and third-party administrators to build and/or review fee calculations for funds that have launched recently

• Interpret complex fee agreements and other legal documentation to ensure timely and accurate fee calculations

• Participate in new business discussions with prospective and existing clients around fee structures

Project Management and Oversight:

• Lead the continuous assessment of the oversight model to ensure fee calculations follow the governing legal documents

• Ensure that the team operates within the best in class control environment

• Understand the various Alternatives strategies within Black Rock Private Funds and the challenges faced by each team

• Understand the alternatives industry and how changes to that industry will impact Private Funds

• Ensure new funds are onboarded within an outstanding control framework, ensuring external service providers have strong controls around fee calculations

• Ensure strict adherence with product policies and guidelines to ensure all legal, compliance, and audit standards are met

• Effectively communicate complex concepts and procedures to all levels throughout the firm

Technology and Future State:

• Partner with internal teams to build and troubleshoot management and performance fee calculations in e Front

• Drive the technology requirements for new and existing fee improvements, including appropriate test planning and rollout of process

• Build and maintain a strong knowledge of Aladdin infrastructure and the future roadmap

Experience:

• 3-5 years of work experience in financial services, 2+ years alternative investments preferred

• Complex modeling ability with experience in incentive fees, carried interest and management fee calculations

• Capability to read, understand, and follow complex partnership agreements and offering materials

• Aptitude to prioritize, multi-task, and work independently

• Excellent communication, presentation skills, and comfort in senior management communication

• Outstanding academic achievement, broad based work experience, and

demonstrated leadership experience

• Creativity with an analytical mind and openness to using technology to solve problems

• Entrepreneurial spirit that is willing to take on additional responsibility quickly

• Proficiency with e Front

• Proficiency with Investran

• Management reporting and/or investment partnership accounting experience

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. Black Rock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

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

Black Rock’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 Black Rock.

About Black Rock

At Black Rock, 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 Black Rock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

Black Rock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

Black Rock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email Disability.

Assistance@blackrock.com. All requests are treated in line with our privacy policy.

Black Rock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.