Finance - Investment Operations - PE - Assistant Vice President

Blackstone

About The Position

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. Job Description The Private Equity Finance – Operations group is responsible for all aspects of fund administration operations related to Blackstone’s private equity funds. Additionally, the group supports the private equity deal teams and internal marketing groups. Looking for candidates with specific interest in: Investment Fund Management Technology & Process Improvement Process & Project Management

Requirements

Ideal candidate would have a commitment to excellence in their work product, strong time management skills, and a desire to learn.
Bachelor’s Degree in Accounting or Finance
6+ Years of public accounting, private equity fund accounting, or private equity fund operations experience
Willing to travel periodically to New York
Strong technical accounting skills
Strong analytical and organizational skills
Detail oriented
Ability to work in a dynamic professional environment and handle multiple projects and deadlines
Ability to build relationships and communicate effectively across multiple levels, functions and regions
Effectively work and communicate with members of the team to ensure established deadlines are being met in an efficient, accurate and thorough manner
Desire to implement process improvement opportunities
A self-starter with the ability to work autonomously
Proficiency in Microsoft Office (Excel, Word and PowerPoint) required
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.

Nice To Haves

CPA preferred

Responsibilities

Work closely with deal teams/fund counsel/tax advisors and portfolio company (“PC”) management on investment transactions and support
Managing responsibilities and assignments delegated to the junior NY and offshore teams
Liaise with the fund accountants on deal transaction accounting for GAAP F/S
Manage the investment closing /sale funds flow process along-side the deal teams
Work with technology team to improve automation/reporting of manual processes
Review of capital call and distribution memos
Preparation / Review of internal reporting to COO and Senior Leadership on fund metrics and dry powder schedules
Liaise with investors
Forecasting PC cash-flow and fund capital call needs
Reading and interpreting LPAs
Monitor fund LPA limit and deal certificate compliance
Manage capacity on the funds’ credit lines as well as borrowing base compliance/covenants
Oversee the creation and maintenance of fund and investment structure charts and KYC/AML letters
Manage custody with 3rd party vendor, share/stock reconciliation and proxy voting process for fund investments
Liaise with external and internal auditors
Manage the expense process and compliance with LPA and firm policies
Assist with special projects and internal ad hoc requests as needed

Benefits

comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits
paid time off
life insurance
401(k) plan
discretionary bonuses

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