Loading
B
Fund Accounting Analyst
BlackrockBHX - 2 Colmore Square, 2 Colmore Square, 38 Colmore Circus, Birmingham1+ years
Apply About this role
Join our Fund Services – Accounting team as a Fund Accounting Analyst. This role is ideal for graduate candidates who are looking for a career 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 year of experience in Private Equity Fund Accounting [Prior Accounting experience a plus]
University degree in accounting and/or finance.
Desire to study CA, CPA, 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 UK or US 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 UK or US GAAP; familiarity with IFRS or other GAAPs is a plus.
Experience with accounting systems or reporting tools; including eFront Invest.
Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.
Our hybrid work model
BlackRock’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.
Guidance on AI use for candidates
At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.
About BlackRock
At 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.
To learn more about BlackRock, please visit Careers.BlackRock.com. We also encourage you to get to know us on LinkedIn, Instagram, YouTube, X, and TikTok.
BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.
Similar Jobs
eLearning Developer, AssociateB3G - Skyline Belgrade, Kneza Milosa 88, Belgrade
Institutional Accounting, Vice President - Mexico CityMexico City, Mexico
Vice President, Alternatives Fund AccountingWilmington, DE
$117,500 - $117,500Aladdin Client Engagement, Front Office Relationship Manager, Vice PresidentSan Francisco, CA
$147,500 - $147,500Senior Data Architect/Data Engineer, Aladdin Engineering - Vice PresidentNew York, NY
$162,000 - $162,000Associate, Data ManagementSN6-Singapore - 20 Anson Road; HKA-Hong Kong - Champion Tower