Fund Accounting Associate

Blackstone

11d

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 Description: Blackstone’s Global Fund Finance team is seeking a Fund Accounting Associate to join the team in support of business growth.

Requirements

• BS (or above) in Accounting or Finance
• 3+ years of fund, audit, or administrator experience / 3+ years of public or private accounting experience
• Excellent analytical, technical, and communication skills
• Able to multi-task and effectively manage their own time.
• A collaborative team player, always willing to assist colleagues.

Nice To Haves

• Experience in private equity and / or hedge funds and / or audit preferred
• Knowledge of SEC / relevant regulatory filings for investment funds preferred
• CPA preferred
• Strong Excel skills preferred

Responsibilities

• Reviewing daily and monthly estimate and final fund NAVs.
• Preparing and reviewing capital calls and distributions allocations
• Assist in tracking investment cost and monitoring the fair value of the investments
• Preparation and oversight of quarterly NAV and portfolio reconciliation process; investigating and resolving discrepancies with internal operations teams
• Calculating management fees, distributions, waterfall allocations, and IRR
• Preparing and reviewing fund forecasts, performance estimates, attributions, and other ad-hoc projects
• Assisting in review of investor statements and internal reporting
• Coordinating with external auditors for the year-end audit process
• Overseeing and reviewing the work of the 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