Fund Accounting, Assistant Vice President (Blackstone Property Partners)

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 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.
 

Job Title:

Blackstone Global Fund Finance Open-Ended Funds BPP – Assistant Vice President

Job Description:

• Responsible for day-to-day activities related to the fund accounting and reporting of open-ended and closed-ended core real estate funds administered both externally and internally
• Liaise on a daily basis with third party fund administrator including, but not limited to cash, capital allocations and reconciliations, financial statements, capital call drawdown notices, distributions, redemptions, and investor requests
• Responsible for fund level operating activities including deal funding, investor funding, all cash activities, line of credit, reconciliations, and regulatory reporting
• Responsible for deliverables associated with BX quarterly close
• Responsible for production of quarterly and annual financial statements fund partnerships’ GAAP financial statements
• Responsible for calculation of complex waterfall and incentive models
• Liaise with external auditors
• Coordinate with internal audit to ensure SOX compliance
• Collaborate with multiple internal teams including Tax, Acquisition, Portfolio Management, Asset Management, Legal & Compliance, Investor Client Services, local Finance, Technology, and Treasury
• Responsible for offshore team coordination

Qualifications

• BS (or above) in Accounting or Finance is required and CPA is preferred
• 7+ Years of public accounting/private fund accounting experience
• Experience with open-ended funds, real estate and/or private equity industry is preferred
• Knowledge of Investment Company accounting required
• Strong technical accounting experience required
• Investran experience a plus
• Understanding of common industry performance metrics required
• Advanced excel skills required
• Strong written and verbal communication skills
• Ability to thrive in a team-based environment
• Highly organized and proactive
• Ability to work effectively in a dynamic culture
• Detail oriented and possess strong work ethic; ability to multi-task and execute a wide range of assignments; strong time management skills
• Ideal candidates would have a commitment to excellence in their work product and a desire to learn and grow as a professional

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:

$115,000 - $185,000

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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