Fund Accounting Associate - Blackstone Credit & Insurance

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 Credit & Insurance

Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.

Job Description:                     
        
•    Finalize the NAV process, including P&L reconciliation and allocation to investors, for open-ended and closed-ended private funds trading a credit strategy; identify and resolve discrepancies with third-party fund administrators and internal teams.
•    Calculate and reconcile the management and performance fees in accordance with the funds’ governing documents.
•    Prepare and/or review capital calls and distributions allocations and notifications. 
•    Verify client capital account statements in collaboration with third-party administrators. 
•    Prepare and/or review annual audited financial statements and coordinate with external auditors for the year-end audit process 
•    Prepare and/or review performance reporting, Blackstone reporting deliverables, and other ad hoc client or management requests
•    Prepare and/or review regulatory reporting, investor letters, and custom client reporting
•    Collaborate with various internal teams including Operations, Investor Relations, Management Reporting, Tax, and Legal and Compliance.
•    Oversee offshore and onshore resources to ensure accurate and timely preparation of files and provide additional training/professional development as needed 
•    Prepare and/or review expense allocations, operating expense budgets, and vendor expense payments
•    Review fund legal documents and continue to streamline or build processes and templates

Qualifications:    

             
•    BS (or above) in Accounting or Finance is required
•    CPA license is preferred
•    3+ years of public/private accounting experience
•    Experience with credit products (loans, CLOs, bonds, revolvers, delayed draws) and Fund of Funds is preferred
•    Advanced Excel skills required
•    Outstanding attention to detail and accuracy, including commitment to excellence in work product
•    Strong desire to learn and be a collaborative team player
•    Proactive self-starter
•    Possesses a strong work ethic, professional integrity, and a positive attitude
•    Effective interpersonal and communication skills, both written and verbal
•    Highly organized with strong time management and multi-tasking skills
 

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:

$100,000 - $140,000

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualific