Blackstone Real Estate Debt Strategies (BREDS) Finance & Operations, Associate
About The Position
The BREDS Operations team is responsible for executing new investment and capital markets transactions across the BREDS business, as well as overseeing daily portfolio activities and cash flows. This position is ideal for candidates with strong technical, organizational, and communication skills who are looking to make an impact in a dynamic environment. Assist with the operations of approximately $78 billion in BREDS AUM and related transactions, including the firm’s publicly listed REIT BXMT, private fund structures, single managed accounts, business development company, and insurance vehicles. Partner with investment professionals, asset management, portfolio management, internal and external counsel, and BREDS Finance teams to execute investment transactions and financing strategies. Oversee aspects of servicing and onboarding performed by a dedicated portfolio company and offshore operations team. Execute investment funding activities with the BREDS asset management team, including treasury, debt financing, and foreign currency considerations. Help manage the operations of credit facilities across multiple BREDS vehicles, including processing future funding advances, repayments, compliance reporting, covenant monitoring, and fee calculations. Liaise with BREDS asset managers and the servicing and onboarding team through various loan lifecycle events, including modifications, extensions, workouts, and repayments. Review monthly and quarterly investment portfolio analytics and prepare reporting and insights for senior management.
Requirements
- Bachelor’s degree in finance, accounting, or a similar discipline (CFA and/or CPA is a plus).
- 3+ years of relevant experience in public accounting, transaction services, private equity funds, consulting, or other relevant real estate debt roles.
- Self-motivated with a strong work ethic and exceptional attention to detail.
- Excellent oral and written communication skills.
- Strong technology skills with a proactive and innovative mindset.
- Proficiency in Microsoft Excel is required.
Nice To Haves
- CFA and/or CPA is a plus
Responsibilities
- Assist with the operations of approximately $78 billion in BREDS AUM and related transactions, including the firm’s publicly listed REIT BXMT, private fund structures, single managed accounts, business development company, and insurance vehicles.
- Partner with investment professionals, asset management, portfolio management, internal and external counsel, and BREDS Finance teams to execute investment transactions and financing strategies.
- Oversee aspects of servicing and onboarding performed by a dedicated portfolio company and offshore operations team.
- Execute investment funding activities with the BREDS asset management team, including treasury, debt financing, and foreign currency considerations.
- Help manage the operations of credit facilities across multiple BREDS vehicles, including processing future funding advances, repayments, compliance reporting, covenant monitoring, and fee calculations.
- Liaise with BREDS asset managers and the servicing and onboarding team through various loan lifecycle events, including modifications, extensions, workouts, and repayments.
- Review monthly and quarterly investment portfolio analytics and prepare reporting and insights for senior management.
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
- equity and other incentive compensation
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
