Expense Accounting, Associate

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, X, and Instagram.

About the Team  

The Expense Accounting team sits within the Corporate Accounting & Finance organization, supporting corporate support groups as well as the firm’s broker dealer and capital markets business. The team interacts with a wide range of business partners and is responsible for the accounting and forecasting of all Blackstone support groups. Additionally, the team drives regional occupancy and depreciation accounting and forecasts, as well as performing many ad hoc analyses. Interaction with other finance groups is extensive.  

  

Position Description/Responsibilities  

• Manage month-end close activities including journal entries, account reconciliations, workpapers, allocations, and balance sheet/P&L analysis. 

• Execute and monitor the monthly expense allocation process across all business units. 

• Support budgeting and forecasting for operating expenses across business units. 

• Oversee US fixed asset accounting and asset management. 

• Perform broker-dealer accounting, including revenue coordination with deal teams, expense tracking, workpapers, and regulatory reporting. 

• Collaborate with internal and external auditors during the year-end audit process. 

• Lead or support automation, process improvement, control enhancements, and system-related projects. 

• Utilize reporting systems and tools to fulfill ad hoc analysis and reporting requests with strong attention to detail. 

• Manage balance sheet activities, including cash reconciliations, intercompany reconciliations and settlements, and ownership/review of key accounts. 

• Conduct income statement analysis, including trend analysis and review of overhead allocations across businesses. 

Qualifications: 

• Undergraduate degree in Accounting or Finance. 

• 3+ years of experience in public or corporate accounting, preferably within financial services. 

• Strong technical, analytical, and interpersonal skills. 

• Advanced proficiency in MS Excel and PowerPoint. 

• Motivated, results-oriented self-starter with high attention to detail and can manage tasks independently. 

• Interest in process improvement and efficiency initiatives; CPA, Broker-Dealer experience, Series 99, and Oracle/Essbase familiarity are preferred. 

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:

$90,000 - $125,000

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 and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.

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