Blackstone Real Estate Partners - Investment Operations - Associate

Blackstone • New York, NY

3d

About The Position

The Operations Group supports all aspects of fund and investment operations for Blackstone’s opportunistic real estate funds. The individual will collaborate closely with accounting, tax, valuations, asset management, portfolio company leadership, and external advisors to oversee operational execution, ensure compliance, and drive process efficiency across the platform.

Requirements

• Bachelor’s Degree in Accounting or Finance
• 3+ years of public accounting, private equity fund accounting, or private equity fund operations experience
• Strong technical accounting skills
• Strong analytical and organizational skills
• Detail oriented
• Work in a dynamic professional environment and handle multiple projects and deadlines
• 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 who can work autonomously
• Advanced proficiency in Microsoft Office (Excel, Word and PowerPoint) required

Responsibilities

• Partner with investment teams, fund counsel, tax advisors, and portfolio company management to support investment transactions.
• Serve as a primary liaison for investor inquiries related to fund activities.
• Liaise with fund accounting, investor services, legal, tax and finance teams to source information for specific investors for LP performance summaries and various requests
• Coordinate with fund accountants on deal transaction accounting.
• Manage capital calls, line of credit capacity, and covenant compliance.
• Review capital call and distribution memos for accuracy and compliance.
• Oversee expense processes in accordance with LPAs and firm policies.
• Manage SPV-level accounting for U.S. opportunistic deals.
• Partner with Institutional Client Solutions on investor relations and due diligence deliverables.
• Interpret and apply LPA provisions to operational decisions.
• Coordinate with internal and external auditors.
• Design, implement, and maintain scalable processes across the real estate operating platform.
• Oversee assignments for both New York and offshore operations teams.
• Review and analyze internal reporting to the Real Estate COO and CFO on fund metrics, dry powder, and liquidity; recommend actions based on findings.
• Monitor fund LPA limitations and ensure adherence to credit agreement covenants.
• Collaborate on daily basis with team members and COE team to provide guidance, training, and opportunity to enhance processes
• Lead special projects and respond to ad hoc internal requests.

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