Finance - Global Fund Finance - Blackstone Real Estate Partner Funds - Assistant 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, Twitter, and Instagram.
 

Position Description: This position will be involved in fund accounting, financial reporting, and operations for Blackstone Real Estate Partners funds (“BREP”) and its underlying investments.    

                                         

Specific Responsibilities:

• Assist in the oversight of the funds’ quarterly close process and reporting to the public company
• Assist in the review of the funds’ quarterly and annual GAAP financial statements
• Assist in the review and preparation of the work paper supporting schedules for financial statement accounts, including foreign currency translations
• Coordinate fund level operating activities including credit facility maintenance, deal funding, and investor funding
• Coordinate with both internal and external auditors with all aspects of the annual audit and SOX 404 compliant
• Assist in the maintenance and review of the waterfall data for management fee, contribution, and distribution calculations
• Responsible for the review of investor management fee, contribution, distribution notices and capital account statements
• Work with Legal and Compliance team to ensure compliance with various fund policies and procedures
• Responsible for the prompt response to investors’ requests
• Manage, train, and develop staff in India to assist with accounting and operational work
• Assist with the testing and implementation of initiatives to improve and streamline fund accounting functions

Qualifications:

Blackstone seeks to hire individuals who are highly motivated, intelligent and have demonstrated excellence in prior endeavors.

• 4+ years of Big 4 or national accounting firms experience preferable private equity industry
• Undergraduate degree in Accounting
• CPA or graduate degree preferred
• Proficient knowledge of Microsoft Office Suite (Excel, Word, PowerPoint); Investran knowledge a plus
• Strong analytical skills, detail oriented and highly organized
• Possesses a strong work ethic, professional integrity, and a positive attitude
• Strong oral and written communication skills and ability to effectively communicate with and persuade a wide variety of partners/stakeholders
• Ability to work in a dynamic environment and handle multiple projects

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:

$125,000 - $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.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition