BlackRock · 3 days ago
GAAPS Alternatives, Associate Fee Team - Delaware
Wilmington, DE
Full-time
Hybrid
Mid Level
3+ years expBlackRock is the world's largest asset manager, dedicated to empowering employees and fostering positive relationships. The GAAPS Alternatives Associate will contribute to the Fee Oversight Team by managing and performing fee calculations, ensuring compliance with legal documents, and driving technology improvements in fee management.
Asset ManagementCrowdfundingFinancial ServicesFinTechReal Estate Investment
Responsibilities
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
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 BlackRock 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
Partner with internal teams to build and troubleshoot management and performance fee calculations in eFront
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
Qualification
Required
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 eFront
Proficiency with Investran
Management reporting and/or investment partnership accounting experience
Benefits
Annual discretionary bonus
Healthcare
Leave benefits
Retirement benefits
Strong retirement plan
Tuition reimbursement
Comprehensive healthcare
Support for working parents
Flexible Time Off (FTO)
Company
BlackRock
BlackRock is an investment company that offers its services to institutions, intermediaries, foundations, and individual investors.
10001+ employees
H1B Sponsorship
BlackRock has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (18)
2024 (34)
2023 (8)
2022 (37)
2021 (31)
2020 (27)
Funding
Current Stage
Public CompanyTotal Funding
$6.59BKey Investors
Ariel Yehezkel
2025-06-20Post Ipo Equity· $0.02M
2025-03-27Post Ipo Debt· $1.08B
2024-07-17Post Ipo Debt· $2.5B
Leadership Team
Andrew Leba
Vice President & Legal Counsel
Mike Strug
Vice President
Recent News
Crowdfund Insider
2026-01-09
caixinglobal.com
2026-01-09
Company data provided by crunchbase