Director – Valuation Governance

About this role

GAAPS Alternatives | Director Valuations Change Leader | Princeton

About BlackRock

Elevate your career by joining the world's largest asset manager! Thrive in an environment that promotes positive relationships and recognizes outstanding performance! We know you want to feel valued every single day and be recognized for your contribution. At BlackRock, we strive to empower our employees and effectively engage your involvement in our success. With over USD $8 trillion of assets we have an outstanding responsibility: our technology and services empower millions of investors to save for retirement, pay for college, buy a home and improve their financial well-being.

Team Overview

The Private Valuation Team supports the investment valuation function for private, illiquid investments acting as the interface between the investment professionals, external valuation providers, accounting outsource providers and auditors. The team focuses on adding value by providing valuation oversight and coordination of valuations and supporting documentation.

The Valuation Change Leader will be responsible for leading and managing the transformation of our valuation processes through the implementation of advanced technology solutions and strategic process initiatives. This role requires a strategic thinker with strong leadership skills and a deep understanding of valuation methodologies, technology integration, and process best practices.

Role Responsibility

• Strong experience with private markets valuations

• Initiate and help drive platform and process innovations to support expanding business needs, minimize risk, enhance quality, and navigate the changing markets.

• Relevant experience in implementing private markets technology and / or building teams and global processes supporting private markets

• Manage workflow of data to 3rd party valuation firms; working with investment teams to ensure all relevant information is incorporated into valuations.

• Provide high quality client service externally and internally. Address inquiries, perform controls, resolve problems, and mitigate risks for clients and internal BlackRock partners.

• Help prepare materials to be provided to the Valuation Committee and presenting findings to Pricing Committees and other management as necessary.

• Liaison with independent auditors. Provide support for valuations and answer questions as necessary in a controlled and efficient manner.

• Perform a review of fair value reporting provided by underlying managers and Co-Investment sponsors.

• Operate as part of a global team.

Experience

• Bachelor's degree is required, with preference to Accounting or Finance.

• 10+ years relevant experience, private investment valuation experience preferred.

• Solid understanding of ASC 820 and IFRS 13, familiarity with PWERM, OPM, and Current Value valuation techniques preferred.

• Ability to work with and manage financial data and create summarized reports

• Experience building, testing and implementing valuation models.

• Natural great teammate able to work in an innovative, entrepreneurial, and fast paced environment

• Excellent verbal and written communication skills combined with agile critical thinking and a problem-solving mentality.

• Ability to quickly learn the intricacies of complex financial instruments.

• Working knowledge of Bloomberg, Reuters, Interactive Data and MS Office Suite as well as SQL, Unix commands, PERL, etc. is an advantage.

For Princeton, NJ Only the salary range for this position is USD$184,000.00 - USD$250,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

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.

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.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

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 [email protected]. 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.