BDC Finance Associate

Blackstone • New York, NY

2d

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. Blackstone Credit & Insurance 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. The BDC Associate for BXC will be involved in accounting, finance and reporting activities for Blackstone Credit’s BDC investment advisory business. BXC manages BXSL (a publicly traded BDC) and BCRED (a continuously offered non-traded BDC). The principal responsibilities for supporting the BDCs include: Working directly with the third-party administrator to coordinate work flow and reviewing all accounting deliverables to ensure accuracy and conformity with applicable accounting standards Maintaining shadow books and records and performing reconciliations to administrator’s reporting package Working closely with Product Control and Operations teams to identify and reconcile investment and P&L differences between internal accounting systems and administrator data Assisting with preparation of monthly and quarterly reporting deliverables to Blackstone Monitoring compliance with the SEC and IRS regulatory tests applicable to BDCs Preparation and review of 10-Q and 10-K SEC filings Working closely with the investment team with ad hoc requests, including updating BDC financial model, liquidity management, PM reporting and various ad hoc requests Providing oversight of the valuation process of the investment portfolio Liaising with the Investment, Operation and Investor Relations teams to review and enhance internal and investor reporting Responding to ad hoc requests from external investors including return calculations and performance summaries Working with IR to prepare quarterly investor deck/earnings release Preparing materials for BDC Board of Directors Assisting with technology initiatives Performing research on new accounting pronouncements and their impact to the financial statements 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.

Requirements

• Undergraduate degree
• 3+ years of professional work experience
• Alternative investment fund accounting experience required
• Strong awareness of internal compliance controls
• Committed, self-motivated and proactive
• Excellent interpersonal and communication skills

Nice To Haves

• Public or public/private accounting mix preferred
• BDC Product Experience a plus (especially non-traded BDCs)
• Credit instrument product experience preferred
• SEC reporting experience preferred
• CPA preferred

Responsibilities

• Working directly with the third-party administrator to coordinate work flow and reviewing all accounting deliverables to ensure accuracy and conformity with applicable accounting standards
• Maintaining shadow books and records and performing reconciliations to administrator’s reporting package
• Working closely with Product Control and Operations teams to identify and reconcile investment and P&L differences between internal accounting systems and administrator data
• Assisting with preparation of monthly and quarterly reporting deliverables to Blackstone
• Monitoring compliance with the SEC and IRS regulatory tests applicable to BDCs
• Preparation and review of 10-Q and 10-K SEC filings
• Working closely with the investment team with ad hoc requests, including updating BDC financial model, liquidity management, PM reporting and various ad hoc requests
• Providing oversight of the valuation process of the investment portfolio
• Liaising with the Investment, Operation and Investor Relations teams to review and enhance internal and investor reporting
• Responding to ad hoc requests from external investors including return calculations and performance summaries
• Working with IR to prepare quarterly investor deck/earnings release
• Preparing materials for BDC Board of Directors
• Assisting with technology initiatives
• Performing research on new accounting pronouncements and their impact to the financial statements

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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees