Blackstone Private Real Estate Credit Fund (BREC) - Finance Associate

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, Twitter, 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 Private Real Estate Credit Fund (BREC) - Finance Associate

The BREC Associate will be involved in the accounting, finance, and reporting activities of a newly formed private Business Development Company (BDC) within the Blackstone Real Estate Debt Strategies (BREDS) business. BREDS currently manages $77B of AUM across a series of private fund structures, a publicly-listed mortgage REIT, and insurance vehicles.

Key responsibilities include:

• Working directly with Blackstone Real Estate portfolio companies to review accounting and financial reporting deliverable to ensure accuracy and conformity with applicable accounting standards
• Assisting in the preparation of monthly NAV packages, quarterly 10-Qs/annual 10-K SEC filings, and other materials for BREC’s audit committee and board members
• Working closely with Portfolio Management, Legal and Compliance, and other internal stakeholders to ensure financial models are updated, liquidity is monitored, and overall compliance with financial and regulatory covenants
• Partnering with the investment, operations, and investor relations teams to review and enhance financial reporting
• Working directly with the transfer agent to review monthly subscription, distribution, and redemption calculations
• Assist with ad hoc analysis and projects

Qualifications:

• Undergraduate degree in Finance or Accounting and CPA preferred
• 3+ years of experience
• Strong written, verbal communication, and Microsoft Excel skills required
• Experience in the financial services, business development company, and/or real estate industries is preferred

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position.  Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range:

$105,000 - $140,000

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

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