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Blackstone Real Estate Investment Trust (BREIT) Finance - SEC Reporting AVP

Blackstone
New Jersey, United Statesfull_timeVerifiedPosted 7 Jun 2024
💰 $185,000/yr($125,000/yr$185,000/yr)

About the role

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 LinkedInTwitter, and Instagram.
 

Job Title: Blackstone Real Estate Income Trust (BREIT) Finance – SEC Reporting, Assistant Vice President

Blackstone Real Estate Income Trust, Inc. (BREIT) is a perpetual-life, institutional quality real estate investment platform that brings private real estate to income focused investors. BREIT invests primarily in stabilized, income-generating U.S. commercial real estate across key property types and to a lesser

extent in real estate debt investments. BREIT is externally managed by a subsidiary of Blackstone (NYSE: BX), a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has approximately $337 billion in investor capital under management. Further information is

available at www.breit.com.

In this role, the Assistant Vice President will be focused on the preparation and review of BREIT’s 10-Q’s and 10-K.

Job Description:

  • Work directly with internal and external teams to assist in the preparation and review of the 10-Q, 10-K, and other recurring SEC filings for Blackstone Real Estate Income Trust (BREIT), a non-listed public REIT, reporting to the Vice President of BREIT’s SEC Reporting Group
  • Coordinate with other BREIT finance teams, portfolio companies, and the fund administrator to ensure information is properly flowing through the trial balance to the financial statement disclosures
  • Partner with others in BREIT Finance to ensure new transactions are appropriately disclosed in BREIT’s 10-Ks and 10-Qs
  • Monitor new accounting pronouncements and disclosure requirements in order to proactively analyze impact on financial results and external reporting
  • Work with members of the SEC reporting group to manage relationships with internal and external auditors; coordinate quarterly reviews and annual audits, and SOX controls testing across BREIT and its portfolio companies
  • Produce carve-out financial statements and coordinate audits for multiple BREIT subsidiaries

Qualifications:

  • BS (or above) in Accounting or Finance and CPA is required
  • 7+ years of public/private accounting experience
  • Experience with public companies and historical-cost accounting is required, experience with REITs is preferred but not 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:

$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

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Company

Blackstone

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