Associate, Alternative Funds Fee Controller - Delaware
About this roleYOUR TEAMThe 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 IMPACTAs 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 RESPONSIBILITIESIn 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 EXPERIENCE3+ 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 ac...