Fund Accounting - Open Ended Funds - 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.
 

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, reporting, and operations of open-ended and closed-ended core real estate funds administered both externally and internally
• Liaise 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 calculation of complex waterfall and incentive models
• Monitor, control and ensure all treasury activity is accurately captured and processed
• Work closely with deal teams/fund counsel/tax advisors and portfolio company (“PC”) management on investment transactions and support
• Oversee fund liquidity management / forecasting
• Manage the investment closing funds flow process along-side the deal team
• Forecasting cash-flows and fund capital call needs
• Manage fund liquidity and credit lines as well as borrowing base compliance/covenants
• Manage the expense process and compliance with fund LPAs and firm policies
• Manage interest rate derivative payments and settlements
• Responsible for financial deliverables associated with BX quarterly close
• Responsible for production of quarterly and annual fund partnerships’ GAAP financial statements
• Coordinate with external auditors for annual audit
• Prepare quarterly and ad hoc financial regulatory returns to financial regulatory bodies
• 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 management of offshore team

Qualifications:

• BS (or above) in Accounting or Finance is required and CPA is preferred
• 8+ 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

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 st