Private Equity Operations (Associate)
BlackRock · Dallas, United States · 24d ago
About this role
Role Overview
The FAIR team is seeking a Associate to lead analytical delivery, client engagement, and operational execution across the Americas. This individual will play a key role in scaling FAIR’s private markets capabilities and delivering high-quality insights to clients and internal stakeholders.
As an Associate within the FAIR team (Americas), you will lead the delivery and evolution of FAIR’s analytical capabilities across North America, partnering closely with clients, product, and global FAIR teams.
You will combine deep expertise in private markets fee structures with operational leadership, client engagement, and process innovation to deliver high-quality insights on management fees, expenses, and carried interest.
This role requires a leader who can bridge technical fund analysis with strategic client impact, while scaling FAIR operations across a complex and high-growth regional portfolio.
Key Responsibilities
Analytical Leadership & Technical Expertise
Oversee the review and validation of FAIR reports covering management fees, expenses, and carried interest across private equity and alternative investments.
Interpret complex documentation including limited partnership agreements, financial statements, capital account statements, and transaction notices.
Act as a subject matter expert on U.S. private market fund structures, fee models, and carry waterfalls
Ensure consistent application of FAIR methodologies while identifying enhancements based on market practices and client feedback
Regional Operations & Delivery Management
Lead Americas-based delivery teams, ensuring adherence to service-level expectations for accuracy, timeliness, and completeness.
Design and optimize scalable workflows for data extraction, validation, and reporting across diverse fund structures.
Implement governance frameworks, KPIs, and quality controls to enhance operational efficiency and risk management.
Partner with product and engineering teams to drive automation and platform innovation across FAIR processes.
Client Engagement & Commercial Ownership
Serve as the primary point of contact for Americas clients, managing senior stakeholder relationships and ensuring high-quality delivery.
Lead client presentations, translating complex fee structures into clear, actionable insights.
Support growth through client expansion opportunities, renewals, and new mandates within the AMRS region
Maintain strong oversight of client pipelines, deliverables, and deadlines
Strategic & Product Contribution
Partner with global FAIR and product teams to evolve methodologies, tools, and reporting capabilities
Bring a market-informed perspective on private markets trends, including fee transparency and investor reporting expectations
Contribute to broader Private Markets and PDS strategy by aligning FAIR outputs with client needs and platform development.
Leadership & Team Development
Lead and develop high-performing teams across the Americas, providing coaching, feedback, and career development.
Manage hiring, capacity planning, and team structure in line with regional growth priorities
Foster a culture of accountability, collaboration, and continuous improvement
Drive performance against KPIs and enhance team technical capability
Qualifications
Experience
3-5+ years in:
Private equity / private markets operations
Fund accounting, audit, or investment analytics
OR private markets product / structuring roles
Hands-on expertise with:
Limited partnership agreements, capital call and distribution data, and fund financial reporting.
Experience managing client delivery and cross-regional teams
Core Skills
Deep understanding of:
Private equity structures, fee arrangements, and carried interest
Financial statements and investor reporting
Strong analytical rigor with high attention to detail.
Advanced Excel/data skills
Ability to translate technical analysis into client-facing insights
Leadership & Commercial Capabilities
Demonstrated leadership of teams in complex, client-facing environments.
Proven ability to drive process transformation, automation, and scalability initiatives.
Strong stakeholder management across:
Clients
Product / Engineering
Senior management
Preferred Qualifications
Professional certifications such as CPA, CFA, CAIA, ACA, or equivalent credentials.
Experience with U.S. private markets ecosystem and investor requirements
Exposure to product strategy, structuring, or platform development initiatives
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.
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