Expense Accounting 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 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: Expense Accounting, AVP

The Expense Accounting team sits within the Expense & Treasury Accounting (ETA) team of the Corporate Accounting & Finance organization, supporting corporate support groups as well as BSP/BXCM.

The team interacts with a wide range of business partners and is responsible for the accounting and forecasting of all Blackstone support groups. Additionally, the team drives regional occupancy and depreciation accounting and forecasts, as well as performing many ad hoc analyses. Interaction with other finance groups is extensive.

The AVP would assist in the accounting and reporting for all of the Firm’s support groups and the other tasks included in accounting for our administrative/overhead entity, BASP. The AVP would drive month-end activities including posting month end journals, GL to sub-ledger reconciliations, work papers, allocations and standard accounting close tasks. Systems such as Oracle, Essbase, WSS and Excel would be regularly utilized. The AVP would also lead projects that improve controls, processes and system enhancements.

Additionally, the role would involve some responsibilities supporting Blackstone’s broker dealer.  This would include deal driven revenue accounting, expenses, reconciliations, regulatory filings, and annual financial statements.

Key Responsibilities Include:

General:

• Monthly closing of the books – booking journal entries, account reconciliations, balance sheet and P&L analysis
• Expense allocations
• Occupancy related costs accounting and analysis
• Fixed asset accounting
• Broker Dealer accounting; includes Revenue coordination with deal team, expenses, work papers, regulatory filing, etc.
• Coordination with internal and external auditors
• Leveraging reporting systems, e.g. Essbase, Sigma and other reporting tools to support ad hoc requests. Requires attention to detail at granular levels.
• Management of expense forecasting and budgeting
• Sarbanes Oxley compliance
• Ad hoc requests

Balance Sheet:

• Reconciliations and relevant journal entries
• Intercompany Reconciliation and Settlement of outstanding balances
• Balance Sheet review and ownership of relevant accounts

Income Statement:

• Trend analysis
• Business by business review of Overhead allocations

Qualifications:

• 7+ years of relevant experience
• Accounting degree
• Audit experience
• CPA licensure as well as SEC reporting and Financial Services industry experience a plus
• Broker Dealer accounting experience/familiarity a plus
• Series 99 License a plus; licensing ultimately required
• Strong technical, analytical & interpersonal skills are required
• Superior Excel and PowerPoint skills are required
• Experience with Oracle general ledger, Insight/Hubble Software or Essbase a plus
• Experience with Data Visualization tools, for example: Tableau, Power BI or Sigma also a plus
• Attention to detail, ability to multi-task and accountability are critical
• Motivated, enthusiastic, can-do attitude and results-oriented individual with a real sense of urgency and commitment
• Quick learner and able to quickly turnaround ad-hoc requests
• Interest in process optimization & identifying opportunities for creating efficiencies & comfort level to speak up to communicate them

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.