VP, PEP/SLS Fund Accounting, PFS
BlackRock · Princeton, United States +1 · 18d ago
About this role
HPS Investment Partners, a part of BlackRock, is a leading global, credit-focused alternative investment manager that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage various strategies across the capital structure, including privately negotiated senior debt; privately negotiated junior capital solutions in debt, preferred and equity formats; liquid credit including syndicated leveraged loans, collateralized loan obligations and high yield bonds; asset-based finance and real estate. The scale and breadth of our platform offers the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients.
On July 1, 2025, BlackRock acquired the business and assets of HPS, with 100% of consideration paid in BlackRock equity (the “HPS/BlackRock Transaction”). The HPS/BlackRock Transaction brings together BlackRock’s corporate and asset owner relationships with HPS’s diversified origination and capital flexibility. BlackRock and HPS have formed a new private financing solutions business unit (“PFS”) led by Scott Kapnick, Scot French, and Michael Patterson, creating an integrated franchise with approximately $370 billion in client assets, including $205 billion of private credit assets. This combined platform, which has more than 590 investment professionals and approximately 1,300 employees globally, offers broad capabilities across senior and junior credit solutions, asset-based finance, real estate, CLOs and GP-LP solutions.
Position Description
As a Vice President within the LP/GP solutions Accounting team, you will serve as a senior leader responsible for overseeing the accuracy, completeness, and integrity of the funds' books and records across a portfolio of complex private equity structures. You will lead the review and reconciliation of fund accounting deliverables, act as a key point of escalation for operational and technical accounting matters, and drive process improvements across the team's workflows.
This role goes beyond execution — you will mentor and develop junior team members, build strong relationships with internal stakeholders (portfolio managers, tax, legal, compliance, investor relations) and external partners (fund administrators, auditors), and contribute to the strategic evolution of the team's operating model. You will be expected to exercise sound judgment, proactively identify risks, and champion a best-in-class control environment.
Key Responsibilities
- Review monthly and quarterly NAV packages.
- Review trade activity, income and expenses, for accuracy.
- Prepare and review investor capital call and distribution notices.
- Review allocations of fund-level profits and losses to investors and support the preparation and distribution of ILPA‑compliant investor statements in accordance with fund legal documents.
- Review and recalculate performance metrics such as DPI, MOIC, TVPI and IRR
- Review management fee and carried interest calculations.
- Oversee fund expense analyses and coordinate expense processing.
- Review of quarterly and annual U.S. GAAP (or equivalent) financial statements and regulatory filings.
- Review key fund legal documents, including Limited Partnership Agreements, Private Placement Memorandums, Side Letters, and Credit Facility Agreements.
- Lead the setup and onboarding of new funds and entities, working closely with administrators and internal partners to ensure seamless operational integration.
- Coordinate and communicate with internal teams, clients, auditors, and other external stakeholders to support reporting, audits, and operational processes.
Candidate Profile
- Bachelor’s Degree in Accounting or Finance
- 7–10 years of combined fund accounting experience within Private Equity and Secondary markets
- Big four public accounting experience is a plus
- Demonstrated experience providing senior-level review of NAV packages, financial statements, capital activity, and complex fee/waterfall calculations
- Thorough knowledge of internal controls and a proven ability to maintain a best-in-class control environment
- Experience coordinating with external auditors and managing audit/tax engagements to completion
- Strong verbal and written communication skills.
- Certified Public Accountant (CPA) (or equivalent is a plus
- Positive attitude and willingness to continuously learn.
- Self-motivated with the ability to work in a fast-paced environment with minimal supervision.
- Ability to consistently be attentive to detail while meeting critical deadlines and handling multiple tasks simultaneously.
- Strong organizational skills.
- Thorough knowledge of internal controls
- Ability to work with large volumes of data and maintain high levels of accuracy
- MS Office, eFront, Investran, Python
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.
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.