Real Estate - Portfolio Management, Sr. Associate (Valuations)

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.
 

Business Unit Overview:            

Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $332 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, residential, office, hospitality and retail. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT), a U.S. non-listed REIT, and Blackstone’s European yield-oriented strategy. Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).

Job Title:

Sr. Associate                   

Job Description:             

This professional will be responsible for strategic support of the valuations effort and its related functions globally across Blackstone’s opportunistic and core+ strategies. The Senior Associate will play a key role in Blackstone Real Estate’s valuations effort. This will involve a) coordination of the execution and outcomes of U.S. valuations, b) consolidation and analysis of global valuations outcomes, and c) execution of summary valuation-related materials and analysis. The role will involve partnership in coordinating key internal and external processes, consolidating and analyzing outcomes and metrics as well as delivering supporting documentation and materials to internal and external stakeholders. This professional will work closely with members asset management, finance, fund-specific and portfolio company teams to execute and enhance the overall valuation process and deliverables globally.

Responsibilities:

• Product and Investment Knowledge: Become proficient in Blackstone Real Estate’s global funds and investments, with particular focus on valuation practices.

• Valuation Outcomes and Assumptions: Work collaboratively across teams and vehicles to analyze and present valuation outcomes produced from a discounted cash flow approach by property, investment, market and/or sector, globally, to drive thematic monthly or quarterly valuation results.

• Valuations Process: Partner with asset management, finance and portfolio companies to coordinate and deliver monthly and / or quarterly internal valuations.  Assist with the proper closure of key third-party processes, including appraisal, independent valuation advisor and audit.
• Internal Reporting: Oversee and execute quarterly valuation materials and supporting analysis to present results, requiring the aggregation and synthesis of large sets of data both internally and externally.
   
• Special Projects: Support global special projects relating to valuation strategies and process, new products, appraisals and third-party service providers.
   

Qualifications:                              

Blackstone seeks to hire individuals who are highly motivated, and have demonstrated excellence in prior endeavors. In addition to strong analytical and quantitative skills, the successful candidate should have:
 

• Strong technical background in valuations-related role (preferably in execution of DCF valuations)
• Ability to execute files and presentations in fast moving and dynamic environment

• Inquisitive /critical thinker
• Collaborative; ability to have conversations dire