Global Fund Finance - Private Equity - 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, Twitter, and Instagram.
 

Job Title: Global Fund Finance – Private Equity - Associate

Job Description:       

The Global Fund Finance - PE group is responsible for the fund performance reporting and all aspects of accounting related to the Blackstone PE funds. The group mainly provides support to the front office professionals, addressing a variety of investor relations matters, and works with business development on new Funds and products. Additionally, the team supports Blackstone’s internal marketing group and primarily deals with statistical and performance related data.

Responsibilities

• Prepare, review and post J/E into Investran (G/L accounting system)
• Manage the cash balance of each fund to determine the need for capital calls, distributions, etc.
• Review and prepare quarterly and annual financial statement packages including investor reporting
• Coordination of capital calls and distributions
• Reviewing of waterfall calculations
• Reviewing of management fee calculations and billing statements
• Review work product from outsourced providers
• Liaise with other areas of Blackstone, including tax, legal and treasury
• Review and understand partnership agreements
• Work closely with senior team members on accounting issues
• Assisting with special projects and internal ad hoc requests

Qualifications:

• 4+ years of related experience in public accounting and/or private equity fund administration
• Bachelor’s Degree in Accounting
• CPA (preferred, not required)
• Strong technical accounting and analytical skills
• Microsoft Office (Excel, Word and PowerPoint)
• Effectively manage and work with members of the team to ensure established deadlines are being met in an efficient, accurate, and thorough manner
• Effective verbal and written communicator
• Highly organized and proactive
• Professional integrity of the highest order

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:

$105,000 - $140,000

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 status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training.  All Blac