Senior Controller Vice President

Recruiter
BlackRock
Location
London, United Kingdom
Salary
Competitive
Posted
11 May 2022
Closes
25 May 2022
Ref
14852976
Job Function
Banking
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Description

About this role

About Alternatives
BlackRock Alternative Investors (BAI) is one of the top five largest alternative asset managers in the world today. We are active in all asset classes and connect them in ways other firms can't match, organizationally aligning under a single leadership across products adhering to a common operating process across the assets consisting of real estate, infrastructure, credit, private equity and hedge funds. Our scale means we offer expertise and access unique to BlackRock, and you'll collaborate with teams across our firm in unexpected ways. As part of a key growth engine for the firm, you'll be invited to continue building the platform that is shaping the future of Alts investing by inventing and evolving innovative tech solutions on a team that continuously outperforms - setting new standards.

Grow your career with the firm that's building tomorrow's alternatives platform, backed by a purpose that drives positive outcomes for our clients, our investments and the communities we serve.
Team Overview
We are looking to add a Senior Controller to our growing Alternatives team in London. The role will oversee the accounting, reporting and administration covering our Real Estate Value Add Funds. The team interacts with 3rd party service providers and internal groups such as portfolio management, operations, legal and compliance and product tax.

The position offers significant growth opportunities both organically as the firm expands our product offerings, specifically in the closed end space, as well as opportunities to be involved in ongoing platform wide projects.

Role Responsibilities
  • Review NAV accounting packages prepared by the external administrators for accuracy and completeness as part of the periodic NAV close process for the funds.
  • Ensure periodic fund NAV, investor reporting, regulatory reporting, and financial reporting deliverable deadlines are met.
  • Consistently perform risk assessments and proactively drive improvements in internal control environment, technology enhancements and procedures both internally and at 3rd party service provider.
  • Oversight of the preparation of quarterly reporting of real estate investments held by our Funds through holding and property companies in IFRS and the local GAAP.
  • Producing as required financial reporting at the property and holding company levels
  • Reviewing the monthly accounting reports from property manager, performing a variance analysis, monitoring cash
  • Coordinating bank accounts, bank reconciliations, ensuring invoices are paid by the outsourced service providers, maintaining a strong control environment
  • Working with auditors and oversight of external accounting providers providing input accordingly.
  • Working with external administrators to ensure proper accounting records are kept at the Propco and Holdco level.
  • Building strong relationships with the internal Real Estate teams at BlackRock, especially Asset Management and Transaction Support
  • Perform periodic internal reporting to other BlackRock groups (e.g., fund metrics, AUM, fee revenue, investor data)
  • Lead and participate in group projects and initiatives
  • Respond to ad hoc requests from outside investors and other BlackRock groups.


Experience
  • 5+ years experienced qualified professional. (ACA, ACCA, or CIMA equivalent)
  • Knowledge and experience working in Real Estate closed ended value add funds.
  • Knowledge of regulations such as Corporation Tax, VAT, CIS, other relevant European legislation a bonus. Familiarity of IFRS and local GAAP.
  • Use of YARDI or other real estate accounting packages. Proficient use of MS Excel, Word, PowerPoint.
  • Strong leadership and management skills and ability to collaborate across many teams
  • Positive attitude with strong problem solving, multi-tasking and project management skills


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.

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.

For additional information on BlackRock, please visit careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

BlackRock 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.

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