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Associate, Alternatives Fund Accounting

BlackRock

Full time
Experience
5–9 years
Location
Mumbai
Work mode
Not stated
Salary
₹5.5L – ₹12L a year estimatetypical for Accounting & Finance Jobs in Mumbai, 55 posts
Posted 14 hr ago Last checked 18 min ago

Free · takes a minute · your resume fills your profile

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Job description

Location: Mumbai, India

**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**](https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Fcareers.blackrock.com%2Fen%2Fai-interview-guidance&data=05%7C02%7CPoulam.Maiti%40blackrock.com%7C8c001f38dc71438fe65308debd7ccca5%7C282a32955c424d939ec16631001cc5f7%7C0%7C0%7C639156540858686005%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=whXuYBXo637EPj15E8LLiyRsdWphXOyPK8ODdCxk2Xs%3D&reserved=0) 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](https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Fcareers.blackrock.com%2F&data=05%7C02%7CPoulam.Maiti%40blackrock.com%7C8c001f38dc71438fe65308debd7ccca5%7C282a32955c424d939ec16631001cc5f7%7C0%7C0%7C639156540858757460%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=6CXUoyh4Ub9im0GQOujEuZH8Rmf3O%2BLXRHCG8Lq4BLM%3D&reserved=0). We also encourage you to get to know us on [LinkedIn](https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fblackrock&data=05%7C02%7CPoulam.Maiti%40blackrock.com%7C8c001f38dc71438fe65308debd7ccca5%7C282a32955c424d939ec16631001cc5f7%7C0%7C0%7C639156540858797423%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=F9%2BP2n8dtIohs%2BfyLRpV%2FXcW7F4NmY266WgISqxEJBk%3D&reserved=0), [Instagram](https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.instagram.com%2Fblackrock%2F&data=05%7C02%7CPoulam.Maiti%40blackrock.com%7C8c001f38dc71438fe65308debd7ccca5%7C282a32955c424d939ec16631001cc5f7%7C0%7C0%7C639156540858827710%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=JbotoyYoorFoIKfwqJ3jMHDQ4GDxptOzl6DWG%2BmCDVA%3D&reserved=0), [YouTube](https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.youtube.com%2F%40LifeatBlackRock&data=05%7C02%7CPoulam.Maiti%40blackrock.com%7C8c001f38dc71438fe65308debd7ccca5%7C282a32955c424d939ec16631001cc5f7%7C0%7C0%7C639156540858854986%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=4m94z87I%2F5Y33edGFrw7b8oEwUqEPoMi8aRSP5Grc2E%3D&reserved=0), [X](https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Fx.com%2FBlackRock&data=05%7C02%7CPoulam.Maiti%40blackrock.com%7C8c001f38dc71438fe65308debd7ccca5%7C282a32955c424d939ec16631001cc5f7%7C0%7C0%7C639156540858881999%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=JN9zBoi1f6dr35BovPmwulYT68B%2F1QHg3gR%2Bmg7TT14%3D&reserved=0), and [TikTok](https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.tiktok.com%2F%40blackrock&data=05%7C02%7CPoulam.Maiti%40blackrock.com%7C8c001f38dc71438fe65308debd7ccca5%7C282a32955c424d939ec16631001cc5f7%7C0%7C0%7C639156540858903740%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=aHv7vpILkjI1mNFebVSda3a0HnLsNeTO4nisrrZIFrc%3D&reserved=0).

BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.

BlackRock's purpose is to help more and more people experience financial well-being. As a global investment manager and a leading provider of financial technology, our clients—from grandparents, doctors, and teachers to large institutions—turn to us for the solutions they need when planning for their most important goals. People join our firm from around the world to gain real-world experience while making an impact. Discover how you can have a career at BlackRock that's exciting, rewarding and full of possibilities.

Job data: Headcount Labs (headcountlabs.com), ODbL 1.0. The job description belongs to the employer. Location data © OpenStreetMap contributors and Overture Maps.

About company

BlackRock is a global investment firm, trusted to manage more assets than any other.

Job market insights

₹5.5L – ₹12L advertised yearly salary for Accounting & Finance Jobs in Mumbai (middle half of 55 posts that show a salary; median ₹6L)
37 more open jobs at BlackRock

Most Accounting & Finance Jobs posts in Mumbai ask for 3–6 years of experience (47% of 396 that say).

Hiring most for Accounting & Finance Jobs in Mumbai

  • JPMorganChase42 open jobs
  • Kotak Mahindra Bank37 open jobs
  • Deutsche Bank17 open jobs

From live job posts on CoreHRx, updated 13 Nov 2026. Skill figures count posts that list their skills; salary figures only posts that show a salary.

Questions about this job

What is the salary for this Associate, Alternatives Fund Accounting job?

The post does not state the pay. As an estimate, comparable posts on CoreHRx advertise ₹5.5L – ₹12L a year (typical for Accounting & Finance Jobs in Mumbai, 55 posts).

How much experience does this job need?

The post asks for 5–9 Yrs experience.

Where is this job based?

In Mumbai.

What kind of job is this?

It is a full time job.

Preparing for an accountant, accounts executive or finance analyst interview in India? This guide lists the accounting, GST and TDS questions asked most often, sample answers, the Excel test you may get, and how freshers (B.Com, M.Com, CA Inter) and experienced candidates should prepare.

Questions you may be asked

  1. What are the golden rules of accounting?
  2. How do you prepare a bank reconciliation statement?
  3. What is input tax credit under GST?
  4. What is the difference between GSTR-1 and GSTR-3B?

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