Expense Accounting Analyst

Blackstone • New York, NY

2d • $90,000 - $125,000 • Onsite

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.

About the Team
The Expense Accounting team sits within the Corporate Accounting & Finance organization, supporting corporate support groups as well as the firm’s broker dealer and capital markets business. The team interacts with a wide range of business partners and is responsible for the accounting and forecasting of all Blackstone support groups. Additionally, the team drives regional occupancy and depreciation accounting and forecasts, as well as performing many ad hoc analyses. Interaction with other finance groups is extensive.

Requirements

• Undergraduate degree in Accounting or Finance.
• 2+ years of experience in public or corporate accounting, preferably within financial services.
• Strong technical, analytical, and interpersonal skills.
• Advanced proficiency in MS Excel and PowerPoint.
• Motivated, results-oriented self-starter with high attention to detail and can manage tasks independently.

Nice To Haves

• Interest in process improvement and efficiency initiatives
• CPA
• Broker-Dealer experience
• Series 99
• Oracle/Essbase familiarity

Responsibilities

• Manage month-end close activities including journal entries, account reconciliations, workpapers, allocations, and balance sheet/P&L analysis.
• Execute and monitor the monthly expense allocation process across all business units.
• Support budgeting and forecasting for operating expenses across business units.
• Oversee US fixed asset accounting and asset management.
• Perform broker-dealer accounting, including revenue coordination with deal teams, expense tracking, workpapers, and regulatory reporting.
• Collaborate with internal and external auditors during the year-end audit process.
• Lead or support automation, process improvement, control enhancements, and system-related projects.
• Utilize reporting systems and tools to fulfill ad hoc analysis and reporting requests with strong attention to detail.
• Manage balance sheet activities, including cash reconciliations, intercompany reconciliations and settlements, and ownership/review of key accounts.
• Conduct income statement analysis, including trend analysis and review of overhead allocations across businesses.

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