About this role

Company Description

HPS Investment Partners, a part of BlackRock, is a leading global, credit-focused alternative investment manager that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage various strategies across the capital structure, including privately negotiated senior debt; privately negotiated junior capital solutions in debt, preferred and equity formats; liquid credit including syndicated leveraged loans, collateralized loan obligations and high yield bonds; asset-based finance and real estate. The scale and breadth of our platform offers the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients.

HPS was established in 2007 as a unit of Highbridge Capital Management, LLC (“HCM”), a subsidiary of JPMorgan Asset Management (“JPMAM”). On March 31, 2016, the senior executives of HPS acquired HPS and its subsidiaries from JPMAM and HCM (the “Transaction”). Following the Transaction, JPMAM retained a passive minority investment in HPS, which was subsequently redeemed in April 2022. In June 2018, affiliates of Dyal Capital Partners made a passive minority investment in HPS. In February 2022, an affiliate of The Guardian Life Insurance Company of America made a passive minority investment in HPS, which was subsequently increased in August 2024. On July 1, 2025, BlackRock acquired the business and assets of HPS, with 100% of consideration paid in BlackRock equity (the “HPS/BlackRock Transaction”). The HPS/BlackRock Transaction brings together BlackRock’s corporate and asset owner relationships with HPS’s diversified origination and capital flexibility. BlackRock and HPS have formed a new private financing solutions business unit (“PFS”) led by Scott Kapnick, Scot French, and Michael Patterson, creating an integrated franchise with approximately $370 billion in client assets, including $205 billion of private credit assets. This combined platform, which has more than 590 investment professionals and approximately 1,300 employees globally, offers broad capabilities across senior and junior credit solutions, asset-based finance, real estate, CLOs and GP-LP solutions. As part of the HPS/BlackRock Transaction, Scott Kapnick, Scot French, and Michael Patterson have joined BlackRock’s Global Executive Committee, and Scott Kapnick has been appointed as an observer to the BlackRock Board.

Department Description

The Management Company Accounting team ensures all financial transactions are properly identified, interpreted, analyzed, and reported throughout the organization and to various external stakeholders for measurement and assessment of financial performance. The team is responsible for ensuring that resources are properly budgeted and allocated throughout the organizations by ensuring risks are properly managed and controls are sufficiently designed and that such firm investments are appropriately strategized to generate sufficient returns and distributions. The Group collaborates with all aspects of the Firm including strategic corporate investors, partners, BDIR, tax, payroll, operations, legal and compliance, and fund accounting, amongst others.

Position Description

HPS is looking for a bright and motivated individual to join our Management Company Accounting team to work with the Accounts Receivable team primarily focusing on all aspects of the Firm’s Accounts Receivable function and assisting in the administration of the Firm’s Project and related static data management. The position will report to the New York based, ED of Accounts Receivable/Payable and work within the Global Controller’s Group. The accounts receivable analyst will have responsibility for the allocation, recording, reporting, analysis and collection of all HPS accounts receivable items. The receivables are primarily from HPS Private Market Funds and include: Management Fees, Carried interest and Incentive Fees, Expenses paid on behalf of Funds, Portfolio companies’ receivables, Employee Advances and other amounts due to HPS.

Responsibilities

Specific responsibilities will include but not be limited to the following:

Preparing reasonable and accurate responses to client inquiries (fund accountants, deal teams, portfolio companies, employees and senior management) and other clerical tasks related to maintaining the accounts receivable records of HPS.
Preparing customer invoices and applying payments in accordance with detailed instructions.
Developing regular communications with fund accountants to ensure prompt collection of all eligible and outstanding amounts.
Reconciling the receivables ledger to the trial balance and general ledger.
Preparing and distributing monthly outstanding receivable statements.
Developing automated allocation processes with the assistance of technology and managers to enhance the detail available for analysis.
Preparing analysis with detailed spend types and categories.
Demonstrating proficiency with respect to Firm static data including project codes and accounting within the Workday project module.
Providing training, when necessary, for HPS employees regarding available reports related to receivables and their repayment.
Participation in regular team meetings and interactive group chats.
Ad hoc administrative tasks as needed.

Candidate Profile

4-9 years of relevant Accounts Receivable experience, Bachelor’s degree in Business related field preferred, Ability to work New York hours, Detail oriented and motivated individual with strong communication skills, An inquisitive and curious mindset, Demonstrates competency in problem solving, Experience with Workday a significant plus, Proficiency in Microsoft Office a plus.

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 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.