Global Fund Finance – Blackstone Credit Registered Funds, Assistant Vice President
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. Responsibilities: Responsible for the day-to-day fund accounting, administration, and reporting of registered closed-end funds, interval funds, and separately managed accounts trading credit strategies. Work directly with internal and external teams to strike NAVs, validate corporate level activity, subscription and redemption activity, promote calculations, management fee calculations, NAV allocations, performance calculations, and corporate G&A Work with internal and external teams to provide relevant information for the preparation of the annual/semi-annual report, N-PORT, N-CSR, and other recurring SEC filings for Registered Investment Companies Coordinate all required fund regulatory reporting and disclosures in SEC filings Work directly with internal and external teams to ensure the financial results are appropriately recorded in the fund’s financial statements Coordinate with external administrators, transfer agents, external auditors for year-end audits, and internal auditors for SOX compliance Assist in preparing Audit Committee and Board of Director materials Prepare/review expense allocations, operating expense budgets, vendor expense payments, and monitor budgeted versus actual expenses Prepare/review financial information included in investor letters, internal reporting, ad hoc analysis, and projects Prepare/review quarterly reporting deliverables to Blackstone Assist with the preparation of accounting policy memos for new transactions and analysis of new accounting standards to determine impact on the funds Coordinate with technology teams to improve automation of manual processes Assist in prioritizing work across the team Establish ways to create more efficient workflows Collaborate with multiple internal teams including Tax, Acquisition, Portfolio Management, Asset Management, Legal & Compliance, Investor Client Services, local Finance, Technology, Private Wealth Solutions, and Treasury
Requirements
- BS (or above) in Accounting or Finance is required
- 7+ years of public/private accounting experience
- Experience with SEC reporting for Registered Investment Companies is preferred
- Experience with daily NAV striking funds and/or credit industry is preferred
- Strong interpersonal and communication skills, both written and verbal
- Ability to thrive in a team-based environment
- Highly organized and proactive
- Strong analytical and problem solving skills
- Detail oriented and possess strong work ethic; ability to multi-task and execute a wide range of assignments; strong time management skills
- Ability to work effectively in a fast-paced and dynamic culture
- Ideal candidates would have a commitment to excellence in their work product and a desire to learn and grow as a professional
Nice To Haves
- CPA license is preferred
- Experience with SEC reporting for Registered Investment Companies is preferred
- Experience with daily NAV striking funds and/or credit industry is preferred
Responsibilities
- Responsible for the day-to-day fund accounting, administration, and reporting of registered closed-end funds, interval funds, and separately managed accounts trading credit strategies.
- Work directly with internal and external teams to strike NAVs, validate corporate level activity, subscription and redemption activity, promote calculations, management fee calculations, NAV allocations, performance calculations, and corporate G&A
- Work with internal and external teams to provide relevant information for the preparation of the annual/semi-annual report, N-PORT, N-CSR, and other recurring SEC filings for Registered Investment Companies
- Coordinate all required fund regulatory reporting and disclosures in SEC filings
- Work directly with internal and external teams to ensure the financial results are appropriately recorded in the fund’s financial statements
- Coordinate with external administrators, transfer agents, external auditors for year-end audits, and internal auditors for SOX compliance
- Assist in preparing Audit Committee and Board of Director materials
- Prepare/review expense allocations, operating expense budgets, vendor expense payments, and monitor budgeted versus actual expenses
- Prepare/review financial information included in investor letters, internal reporting, ad hoc analysis, and projects
- Prepare/review quarterly reporting deliverables to Blackstone
- Assist with the preparation of accounting policy memos for new transactions and analysis of new accounting standards to determine impact on the funds
- Coordinate with technology teams to improve automation of manual processes
- Assist in prioritizing work across the team
- Establish ways to create more efficient workflows
- Collaborate with multiple internal teams including Tax, Acquisition, Portfolio Management, Asset Management, Legal & Compliance, Investor Client Services, local Finance, Technology, Private Wealth Solutions, and Treasury
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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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
1-10 employees
