Real Estate Finance – Transactions & Accounting Policy, AVP

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 $315 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: Real Estate Finance – Transactions & Accounting Policy, AVP

BREIT is one of the largest real estate investment vehicles in the world, with real estate investments diversified across eight sectors, each of which are managed by sector-specific portfolio companies. In this role, the AVP will be focused on accounting policy for BREIT and its affiliated portfolio companies with a focus on new transactions, policy implementation, and strategic analysis on how accounting decisions impact critical performance metrics and disclosures. The AVP will spearhead multiple projects at one time, employing a range of skillsets and spend significant time with members of the firm’s real estate group across the US, including the acquisitions, asset management, strategy and legal/compliance teams.

Responsibilities:

• Determine property accounting treatment of unique and complex transactions, in partnership with investment professionals and senior BREIT finance leaders
• Ensure the accounting policies of portfolio companies align with BREIT’s policies
• Assist with onboarding of newly acquired portfolio companies to ensure framework for monthly reporting and SOX controls are aligned with BREIT requirements
• Liaise with Blackstone Real Estate portfolio companies to ensure the accuracy of underlying monthly property results
• Partner with others in BREIT finance to ensure new transactions are appropriately disclosed in SEC reporting and key performance metrics
• Partner with others in BREIT Finance to strike the monthly NAV
• Coordinate with internal and external auditors
• Analyze new accounting standards to determine impact on BREIT
• Prepare ad hoc analysis as required by senior management

Qualifications:

• Bachelor’s Degree (or above) in Accounting or Finance
• 6+ years of public/private accounting experience
• Experience with public companies and historical-cost accounting is required
• Experience with public REITs and SEC registrants is preferred
• Strong written and verbal communication skills
• Ability to work effectively in a dynamic professional culture
• Detail-oriented with strong work ethic; ability to multi-task and execute a wide range of assignments; strong time management skills
• CPA is required

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 disc