Lily Underwood

About Lily Underwood

I’m a CPA and financial services executive with deep expertise in asset management, fund governance, accounting, and regulatory compliance. Accepting challenges is the foundation of my life experience and something I do with assurance.My background spans both private and public accounting, with experience in startups, mid-sized firms, and Fortune 500 companies. I bring a strong track record in financial reporting, planning and analysis, operations control, and inventory management, with extensive knowledge of US GAAP, IFRS, and complex accounting standards. I’ve successfully managed product lifecycles, including fund launches, mergers, and closures navigating regulatory complexity and driving operational excellence.Throughout my career, I’ve led major fund launches, liquidations, mergers, transition events, and service provider conversions often across complex regulatory landscapes. I’m an expert in fund lifecycle management, the financial reporting process, stakeholder communications, and board-facing reporting. My strategic mindset and operational rigor have delivered results that optimize tax efficiency, reduce risk exposure, and enable scalable, compliant growth.Known for my collaborative and empathetic leadership style, I’ve led cross-functional teams, mentored future leaders, and built inclusive, high-performing cultures grounded in trust, transparency, and accountability. I’m passionate about aligning strategy with execution and making a meaningful impact through thoughtful, values-driven leadership.

Experience

1. Director - Product Governance and Reporting

   BlackRock

   Apr 2025 — Present · US

   The Product Implementation team primarily focuses on advisory support, strategy, and execution of the firm’s commercial agenda, including fund lifecycle and event management such as launches, liquidations, mergers, and vendor transitions. Lily leads the US Retail and iShares implementations team, responsible for executing lifecycle events and strategic projects for US Open End Mutual Funds and iShares Active ETFs. Her focus is on strengthening the control environment around tax blockers and private assets in the Retail lineup, as well as driving the commercial product agenda for the products her team supports.

Education

• Villanova University

  Accounting, Post-Baccalaureate Accounting Degree

• University of Delaware

  Master of Business Administration (M.B.A.), Business/Finance

• Centro Universitário Belas Artes de São Paulo

  Business, General Business Administration

Skills

• Sox
• Accounting
• Financial Analysis
• Us Gaap
• Payroll
• Analysis
• General Ledger
• Cost Accounting
• Internal Audit
• Financial Modeling
• Paychex
• Peachtree
• Forecasting
• Gaap
• Management
• Financial Reporting
• Sarbanes-Oxley Act
• Internal Controls
• Excel
• Auditing
• Budgets
• Cash Management
• Finance
• Accounts Payable
• Variance Analysis
• Spanish
• Problem Solving
• Account Reconciliation
• Reconciliations
• Portuguese
• Adp Payroll
• Leadership
• Budget Analysis
• Capital Budgeting
• Quickbooks
• Accounts Receivable
• Ifrs
• Inventory Management
• Inventory Control
• Sage