Associate, Alternative Funds Fee Controller

About this role

YOUR TEAM

The Fee Oversight Team within Alternatives Operations partners across the firm to address complex operational challenges and deliver both strategic and tactical solutions supporting alternative investment products. The team is involved in high-profile initiatives that shape the future-state operating model for Alternatives Operations and provides team members with broad exposure to stakeholders across the business. Team members play an active role in enhancing operational processes, strengthening controls, and supporting the firm's growing alternatives platform.

YOUR ROLE AND IMPACT

As an Associate, Alternative Funds Fee Controller, you will join a global team responsible for overseeing management and performance fee processes across alternative investment products. You will work closely with internal stakeholders and external service providers to support fee calculations, interpret complex fund documentation, enhance operational controls, and contribute to strategic initiatives. This role offers the opportunity to develop deep expertise in alternative investments while influencing scalable operating models and technology-driven process improvements.

YOUR RESPONSIBILITIES

In every role at BlackRock, you'll be expected to apply sound judgement and critical thinking to solve complex problems, adapt as the business evolves, and embrace the curiosity to explore new approaches and technologies while challenging outcomes. The scope of this role also includes the following responsibilities:

• Review and oversee complex unrealized and realized waterfall models, including preferred return, recycling capital, carried interest, and clawback provisions.

• Partner with team members and third-party administrators to develop, validate, and oversee fee calculations for newly launched funds.

• Interpret fee agreements and related legal documentation to support timely and accurate management and performance fee calculations.

• Participate in discussions with prospective and existing clients regarding fund fee structures and operational requirements.

• Lead the ongoing assessment and enhancement of fee oversight processes, ensuring adherence to governing legal documentation, product policies, and regulatory standards.

• Support the onboarding of new funds and oversee service provider control frameworks while effectively communicating complex concepts and procedures to stakeholders across the firm.

• Partner with technology teams to support fee calculation solutions, drive process improvements, and contribute to the evolution of fee-related platforms and infrastructure.

YOUR EXPERIENCE

• 3+ years of experience in financial services, with alternative investment experience preferred.

• Experience performing complex modeling and fee calculations, including management fees, incentive fees, and carried interest structures.

• Ability to interpret and apply complex partnership agreements, offering materials, and related legal documentation.

• Experience with alternative investment accounting, management reporting, or partnership accounting processes.

• Familiarity with eFront, Investran, or similar alternative investment technology platforms.

• Strong analytical, problem-solving, and organizational skills with exceptional attention to detail.

• Excellent communication and stakeholder management skills with the ability to work effectively across functions and levels of the organization.

USD$95,000.00 - USD$127,500.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance. 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. BlackRock 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

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.

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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 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.

BlackRock 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.

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.