Associate, Alternatives Fund Accounting

Location: Mumbai, Maharashtra Team: Fund Accounting Job Requisition #: R265081 Date posted: Jul. 06, 2026

Job description

About this role

Job Summary

At BlackRock, Alternatives Fund Controllers (AFC) play a critical role in delivering independent oversight, strong governance, and financial integrity across the firm’s alternative investment platform. The AFC function partners closely with Investment Teams, Product Strategy, Valuations, and external service providers to ensure accurate, timely, and controlled valuation and reporting of alternative investment funds.

The Associate will support oversight of Net Asset Value (NAV) and fund financial reporting across Private Equity, Real Estate, Infrastructure, Private Credit, Hedge Funds, and Fund of Funds. This role provides exposure to complex fund structures, fund lifecycle events, and controller-level responsibilities within a global operating model.

Key Responsibilities

NAV Oversight & Financial Control:

Review NAVs prepared by external fund administrators

Analyze P&L, balance sheet movements, and investor allocations

Validate management and performance fees

Assess valuation estimates and escalate risks

Fund Lifecycle & Operational Oversight:

Support fund launches, capital calls, distributions, and liquidations

Interpret fund governing documents and side letters

Support onboarding and oversight of fund administrators

Reporting, Audit & Regulatory Support:

Support audits, financial statements, and regulatory filings

Respond to audit and stakeholder queries

Adhere to internal control frameworks

Stakeholder Partnership & Transformation:

Partner with investment, valuation, and operations teams

Drive operational improvement and automation initiatives

Support data and AI-driven transformation

Qualifications

Degree in Accounting, Finance, Commerce, or related field

Associate: 5–9 years experience; Associate: 5–8 years experience

Experience in fund accounting, audit, or asset management preferred

Skills & Competencies

Strong analytical and financial skills

Risk and control perspective

Strong communication and partner management

Advanced Excel proficiency

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( opens in new window) 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( opens in new window). We also encourage you to get to know us on LinkedIn( opens in new window), Instagram( opens in new window), YouTube( opens in new window), X( opens in new window), and TikTok( opens in new window).

Job Requisition #

R265081