Blackstone Credit & Insurance - Product Control, AVP

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.
 

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: BXCI Product Control, AVP

The BXCI Product Control Group ensures data integrity for all financial data by assessing profit and loss and booking standards of the business' positions and trades across the BXCI fund platform which includes RIC vehicles, hybrid and PE funds. The successful candidate’s responsibilities will include:    

• Perform daily, monthly and quarterly profit and loss (P&L) reconciliations and analyses between various BXCI systems
• Assess new private investments for appropriate accounting treatment and ensure all relevant deal information in data warehouse is accurate
• Ensure the accounting treatment of investment restructurings are accurately booked and properly flowing into downstream systems
• Work collaboratively with other groups, including Operations, Risk, Tax, Technology and Accounting
• Prepare P&L and other ad-hoc financial analyses
• Review fair valued prices and accruals on various types of financial instruments to ensure they are accurate in BXCI systems and appropriately calculating P&L
• Work and drive innovation-related initiatives, including workflow automation and data analytics projects to improve functional effectiveness and efficiencies
• Review and advise corrections to reporting based on reconciliations between the Accounting Team, Operations and third-party administrators to ensure the data integrity of accounting information
• Review daily cash reconciliations prepared by Operations between prime brokers/custodians and the BXC data warehouse for breaks that could have a potential P&L impact 
• Review monthly attribution report and work with relevant group to resolve any variances
• Prepare and report daily cash rolls to Portfolio Management team in a timely manner

Qualifications:                       

• Bachelor’s degree in Economics, Finance or Accounting preferred
• 5+ years’ experience with either prior finance or fund accounting experience or direct Product Control experience required with exposure to hedge funds and/or private equity
• Experience with various credit financial instruments (loans, revolvers, bonds, repos, CDS and other derivatives). 
• Strong analytical skills and detail oriented
• Ability to work in a dynamic environment and handle multiple projects
• Possesses a strong work ethic,  professional integrity, a positive attitude
• Highly organized
• Strong communication skills both written and verbal
• Exceptionally strong Excel skills

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 Blac