Blackstone Credit & Insurance - BDC Controller, SVP

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.

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 Title: BDC Controller, Senior Vice President

The BDC Controller will be a leader of the accounting, finance and financial reporting for Blackstone Credit’s business development company (BDC) investment advisory business. Blackstone Credit manages BXSL (a publicly traded BDC) and BCRED (a continuously offered non-traded BDC).

The principal responsibilities for supporting the BDCs include:

• Managing teams responsible for day-to-day accounting, administration, and reporting of the business development companies
• Overseeing internal accounting team and working directly with the third-party administrator to determine the fund’s monthly NAV
• Reporting directly to the chief accounting officer of the BDCs and working closely with the chief financial officer of the BDCs
• Preparing the analysis of fund returns and delivering regular management deliverables on fund performance and key fund metrics
• Monitoring compliance with the SEC and IRS regulatory tests applicable to BDCs, in coordination with legal, compliance and tax teams
• Preparing 10-K/10-Q and other SEC filings. Performing research on new transactions and new accounting pronouncements and assess their impact on financial statements
• Working closely with Operations, Product Control and Valuations teams to ensure consistency between internal accounting systems and administrator data and accurate reporting of fund investments and P&L
• Partnering with the investment and business teams to support fund analytics, including maintaining the BDC financial model, liquidity management, and portfolio manager reporting
• Preparing materials and presenting to the BDC Board of Directors
• Coordinating with technology teams to improve automation of manual processes
• Establishing and maintaining an appropriate internal control framework

Qualifications:

• Undergraduate degree
• CPA license is required
• 10+ years of relevant work experience
• Experience as a Controller at a BDC or private credit firm
• BDC product experience preferred (non-traded BDCs a plus)
• SEC reporting experience required
• Strong internal financial controls awareness
• Excellent interpersonal and communication 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:

$225,000 - $275,000

Actual base salary within that range will be determine