# Alternatives Fund Controllers (AFC) Associate

**Company**: BlackRock
**Location**: Mumbai
**Work arrangement**: hybrid
**Experience**: mid
**Job type**: full-time
**Category**: Finance
**Industry**: Finance
**Wikidata**: https://www.wikidata.org/wiki/Q219635

**Apply**: https://blackrock.wd1.myworkdayjobs.com/en-US/BlackRock_Professional/job/Mumbai-India/Associate--Alternatives-Fund-Accounting_R267143?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply
**Canonical**: https://yubhub.co/job/alternatives-fund-controllers-afc-associate-7b0e6cc2-b5c/

## Description

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 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.

**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

- 5–9 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

**Benefits**

- Strong retirement plan

- Tuition reimbursement

- Comprehensive healthcare

- Support for working parents

- Flexible Time Off (FTO)

**Hybrid Work Model**

- Work at least 4 days in the office per week, with flexibility to work from home 1 day a week

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## Skills

### Required
- Accounting
- Finance
- Commerce
- Analytical skills
- Financial skills
- Risk management
- Communication skills
- Excel

### Nice to have
- Fund accounting
- Audit
- Asset management

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