Perpetual Finance - Fund Accountant - Assistant Vice President

Blackstone • New York, NY

1d • $140,000 - $200,000

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. Job Title: Perpetual Finance Fund Accountant – Assistant Vice President Job Description: Responsible for day-to-day activities related to fund accounting, reporting of open-ended core real estate funds administered both externally and internally Liaise with third party fund administrator on items including, but not limited to cash, capital allocations, accruals and expense budgeting, financial statements, capital call drawdown notices, distributions, redemptions, and ad-hoc investor requests Review quarterly estimates and final fund NAVs Responsible for calculation of waterfall and incentive models Manage the expense process and compliance with fund LPAs and firm policies Responsible for financial deliverables associated with BX quarterly close Responsible for production of quarterly and annual fund partnerships’ GAAP financial statements Coordinate with external auditors for annual audit Review quarterly and annual financial regulatory reporting Coordinate with internal audit to ensure SOX compliance Collaborate with multiple internal teams including Tax, Acquisitions, Portfolio Management, Asset Management, Legal & Compliance, Investor Client Services, FP&A, Technology, and Treasury Responsible for management of offshore team 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. Expected annual base salary range: $140,000 - $200,000 Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables. Additional compensation and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion. Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy. If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), [phone] (EMEA) or [phone] (APAC). Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following: Attending client meetings where you are discussing Blackstone products and/or and client questions; Marketing Blackstone funds to new or existing clients; Supervising or training securities licensed employees; Structuring or creating Blackstone funds/products; and Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials. Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions. To submit your application please complete the form below. Fields marked with a red asterisk must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form. At Blackstone, we look to attract and retain the brightest minds in the business, hiring professionals across a wide range of disciplines. Our employees are integral to the firm’s identity, contributing to a culture of integrity, professionalism and excellence. It is their dedication and passion for their work that has helped Blackstone become a trusted partner for some of the largest institutional investors in the world. We encourage independent thinking and reward initiative, while providing services to help employees grow professionally. Our global business platform and brand reputation provide an unparalleled launch pad for growing your career.

Requirements

• BS (or above) in Accounting or Finance
• 6+ years of audit, fund or administrator experience
• Investment Company accounting knowledge
• Knowledge of common industry performance metrics required
• A collaborative team player, always willing to assist colleagues
• Possess a strong work ethic and professional integrity
• Works well in a dynamic, fast-paced environment

Nice To Haves

• CPA preferred
• Experience with open-ended funds; real estate industry experience is preferred

Responsibilities

• Responsible for day-to-day activities related to fund accounting, reporting of open-ended core real estate funds administered both externally and internally
• Liaise with third party fund administrator on items including, but not limited to cash, capital allocations, accruals and expense budgeting, financial statements, capital call drawdown notices, distributions, redemptions, and ad-hoc investor requests
• Review quarterly estimates and final fund NAVs
• Responsible for calculation of waterfall and incentive models
• Manage the expense process and compliance with fund LPAs and firm policies
• Responsible for financial deliverables associated with BX quarterly close
• Responsible for production of quarterly and annual fund partnerships’ GAAP financial statements
• Coordinate with external auditors for annual audit
• Review quarterly and annual financial regulatory reporting
• Coordinate with internal audit to ensure SOX compliance
• Collaborate with multiple internal teams including Tax, Acquisitions, Portfolio Management, Asset Management, Legal & Compliance, Investor Client Services, FP&A, Technology, and Treasury
• Responsible for management of offshore team

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
• Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level