Blackstone Real Estate Debt Strategies (BREDS) Finance & Operations, Vice President

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X, and Instagram.

Blackstone Real Estate 

Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $325 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, data centers, residential, office and hospitality. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT). Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT). 

Job Title: Blackstone Real Estate Debt Strategies (BREDS) Finance & Operations, Vice President

The BREDS Operations team is responsible for executing new investing and capital markets transactions across the BREDS business, as well as oversight of daily portfolio activities and cash flows. This newly-created role is focused on BREDS’ $43 billion of insurance company client capital under management (AUM), primarily commercial real estate loan investments.

Responsibilities:

• Primary finance and operational point person for BREDS insurance portfolio, partnering with investment professionals, asset management, portfolio management, and other counterparts across Blackstone to execute new client mandates and investment initiatives
• Assist the BREDS private loan operations team in developing Best-in-Class processes for data aggregation, client reporting, reconciliations, and loan level accounting on behalf of insurance capital
• Facilitate commercial real estate loan closings and other transactions with insurance clients, internal Blackstone teams, and outside service providers
• Communicate with external insurance company clients and internal client relationship teams to coordinate and prepare responses to client requests, portfolio inquiries, and other matters
• Oversee internal and external financial reporting of BREDS’ insurance portfolio across the business including operational data feeds, asset valuation handoffs, and portfolio analytics
• Ensure ongoing operational processes are operating effectively pursuant to standard operating procedures, including technology stack and broader reporting processes

Qualifications:

• Bachelor’s degree in finance, accounting, or a similar discipline (CFA and/or CPA is a plus)
• 8+ years of experience in public accounting, transaction services, a private equity fund, consulting, or other relevant real estate debt roles
• Experience in the insurance or financial services industries is required
• Excellent oral and written communication skills; communicates complex topics clearly to clients and investment professionals
• Proven skill to work in a dynamic environment that requires the execution of transactions as well as projects and initiatives in support of a rapidly growing business
• A self-motivated individual with a strong work ethic and attention to detail
• Proficiency in MS Excel is required; familiarity with Anaplan, Clearwater, or other portfolio operating systems is a plus

The duties and responsibilities described here are not exhaustive and additional assignments, d