Alternatives Operations | Valuations Associate - Princeton
About the position
About this role About BlackRock 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 BlackRock, we strive to empower our employees and effectively engage your involvement in our success. With over USD $10 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 Private Valuation Team within Alternative Operation supports the investment valuation function for private, illiquid investments acting as the interface between the investment professionals, external valuation providers, accounting outsource providers, auditors, and Global Fund Services. The team focuses on adding value by providing valuation oversight and coordination of valuations and supporting documentation.
Responsibilities
• Prepare valuation documentation for private equity, private debt and other alternative investments.
• Support monthly and quarterly valuation cycles
• Manage workflow of data to 3rd party valuation firms; working with investment teams to ensure all relevant information is incorporated into valuations.
• Provide high quality client service externally and internally.
• Address inquiries, perform controls, problem solve, and mitigate risks for clients and internal BlackRock partners.
• Initiate and help drive platform and process innovations to support expanding business needs, minimize risk, enhance quality, and navigate the changing markets.
• Review and tie out of valuation templates received from third party service providers.
• Communicate any comments and coordinate sign off in coordination with Investment, Pricing and Fund Administration teams.
• Review legal documents to determine rights associated with new securities purchased.
• Prepare materials to be provided to the Valuation Committee and presenting findings to Pricing Committees and other management as necessary.
• Liaison with independent auditors.
• Provide support for valuations and answer questions as necessary in a controlled and efficient manner.
• Perform a review of fair value reporting provided by underlying managers and Co-Investment sponsors.
• Operate as part of a global team.
Requirements
• Bachelor's degree is required, with preference to Accounting or Finance.
• 2 to 5 years relevant experience, private investment valuation experience preferred.
• Solid understanding of ASC 820 and IFRS 13, familiarity with PWERM, OPM, and Current Value valuation techniques preferred.
• Ability to work with and manage financial data and build summarized reports
• Experience building, testing and implementing valuation models.
• Natural standout colleague able to work in an innovative, ambitious, and fast paced environment while maintaining attention to detail.
• Excellent verbal and written communication skills combined with agile critical thinking and a problem solving mindset.
• Ability to quickly learn the intricacies of complex financial instruments.
Nice-to-haves
• Working knowledge of Bloomberg, Reuters, Interactive Data and MS Office Suite as well as SQL, Unix commands, PERL, etc. is an advantage.
Benefits
• employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement 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.
Apply Now
Apply Now
About this role About BlackRock 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 BlackRock, we strive to empower our employees and effectively engage your involvement in our success. With over USD $10 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 Private Valuation Team within Alternative Operation supports the investment valuation function for private, illiquid investments acting as the interface between the investment professionals, external valuation providers, accounting outsource providers, auditors, and Global Fund Services. The team focuses on adding value by providing valuation oversight and coordination of valuations and supporting documentation.
Responsibilities
• Prepare valuation documentation for private equity, private debt and other alternative investments.
• Support monthly and quarterly valuation cycles
• Manage workflow of data to 3rd party valuation firms; working with investment teams to ensure all relevant information is incorporated into valuations.
• Provide high quality client service externally and internally.
• Address inquiries, perform controls, problem solve, and mitigate risks for clients and internal BlackRock partners.
• Initiate and help drive platform and process innovations to support expanding business needs, minimize risk, enhance quality, and navigate the changing markets.
• Review and tie out of valuation templates received from third party service providers.
• Communicate any comments and coordinate sign off in coordination with Investment, Pricing and Fund Administration teams.
• Review legal documents to determine rights associated with new securities purchased.
• Prepare materials to be provided to the Valuation Committee and presenting findings to Pricing Committees and other management as necessary.
• Liaison with independent auditors.
• Provide support for valuations and answer questions as necessary in a controlled and efficient manner.
• Perform a review of fair value reporting provided by underlying managers and Co-Investment sponsors.
• Operate as part of a global team.
Requirements
• Bachelor's degree is required, with preference to Accounting or Finance.
• 2 to 5 years relevant experience, private investment valuation experience preferred.
• Solid understanding of ASC 820 and IFRS 13, familiarity with PWERM, OPM, and Current Value valuation techniques preferred.
• Ability to work with and manage financial data and build summarized reports
• Experience building, testing and implementing valuation models.
• Natural standout colleague able to work in an innovative, ambitious, and fast paced environment while maintaining attention to detail.
• Excellent verbal and written communication skills combined with agile critical thinking and a problem solving mindset.
• Ability to quickly learn the intricacies of complex financial instruments.
Nice-to-haves
• Working knowledge of Bloomberg, Reuters, Interactive Data and MS Office Suite as well as SQL, Unix commands, PERL, etc. is an advantage.
Benefits
• employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement 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.
Apply Now
Apply Now