Finance - Fund Operations - Real Estate - 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, X, and Instagram.

Blackstone Real Estate Partners – Operations Group - Vice President

The Operations Group supports all aspects of fund and investment operations for Blackstone’s opportunistic real estate funds. The Vice President will collaborate closely with deal teams, asset management, portfolio company leadership, and external advisors to oversee operational execution, ensure compliance, and drive process efficiency across the platform.

Key Responsibilities

• Partner with investment teams, fund counsel, tax advisors, and portfolio company management to support investment transactions.
• Design, implement, and maintain scalable processes across the real estate operating platform.
• Collaborate with the technology team to automate and enhance reporting processes.
• Oversee assignments for both New York and offshore operations teams.
• Review and analyze internal reporting to the Real Estate COO and CFO on fund metrics, dry powder, and liquidity; recommend actions based on findings.
• Monitor fund LPA limitations and ensure adherence to credit agreement covenants.
• Serve as a primary liaison for investor inquiries related to fund activities.
• Coordinate with fund accountants on deal transaction accounting.
• Manage capital calls, line of credit capacity, and covenant compliance.
• Review capital call and distribution memos for accuracy and compliance.
• Oversee expense processes in accordance with LPAs and firm policies.
• Manage SPV-level accounting for U.S. opportunistic deals.
• Partner with Institutional Client Solutions on investor relations and due diligence deliverables.
• Interpret and apply LPA provisions to operational decisions.
• Coordinate with internal and external auditors.
• Lead special projects and respond to ad hoc internal requests.

Qualifications

• Bachelor’s degree in Accounting or Finance required; MBA, CFA, or CPA preferred.
• 12+ years of experience in fund operations, public accounting, fund accounting, or corporate finance.
• Proven leadership and people management skills with a track record of process improvement.
• Strong analytical, organizational, and problem-solving abilities; detail-oriented.
• Thrives in a dynamic environment, managing multiple priorities and deadlines.
• Exceptional communication skills; builds strong professional relationships across levels, functions, and geographies.
• Self-starter; works well independently.

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:

$150,000 - $250,000

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 Blackst