Blackstone Global Fund Finance – Assistant Vice President

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.
 

Business Group: Blackstone Global Fund Finance
 

Job Title: Blackstone Global Fund Finance – Assistant Vice President

Job Responsibilities:

• Review monthly estimate and final Fund NAV’s.
• Review and analyze NAV reconciliations with various third party administrators and custodians.
• Review and reconcile the calculation of and pay management and performance fees.
• Review and reconcile client capital statements generated by third party administrators.
• Review and reconcile fund foreign currency exposure and coordinate hedging.
• Assist and coordinate team members in responding to client requests.
• Review customized client reporting including calculation of time weighted returns and IRRs.
• Review monthly revenue reporting and assist in review of projections.
• Assist in the setup and launch of new products and Funds.
• Review cash flow analysis reporting to support the investment process.
• Review capital call and distribution calculations and review investor notices.
• Collaborate with offshore resources with NAV production.
• Collaborate with Operations teams including Middle Office, Pricing, Financial Reporting, Management Reporting, Legal and Compliance, and Regulatory Reporting.
• Utilize technology and outsourced solutions to enhance efficiencies and controls.
• Oversee service providers to achieve superior service.
• Work with reporting teams to properly present data in audited financial statements and regulatory filings.
• Review legal documents for fund accounting process considerations.
• Perform other duties as needed.

Qualifications:

Education:

• Bachelor’s degree (or foreign equivalent) in Finance, Economics, Accounting, or a related field (employer will accept a three or four year degree as a foreign equivalent) required.

Experience:

• Minimum 5 years of experience in job offered or related occupations required.
• Minimum of 3 years of experience in hedge fund or fund of fund accounting.
• Minimum of 3 years of experience in handling investor and manager trade booking processes.
• Minimum of 3 years of experience in calculation of Management and Incentive fees involving hurdle rates, GP catch-up, exclusion of specific investment market value, netting of profits and losses across portfolios.
• Minimum of 3 years of experience in investor allocations using PerformA, investor allocation tool.
• Minimum of 3 years of experience in review of daily cash, as well as monthly NAV and FX Forward reconciliation.
• Minimum of 3 years of experience handling accounting of various fund structures such as master feeder, intermediate, blockers and SPVs.
• Minimum of 3 years of experience analyzing counterparty methodologies for FX P&L generation and valuation of various financial instruments.
• Minimum of 2 years of experience overseeing operations utilizing resources on an offshore team.
• Minimum of 2 years of experience performing management fee, incentive fee and expense payments for funds using Arceiusm’s Wires platform. 
• Experience can be concurrent.

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:

$130,500 - $200,000

Actual bas