Global Fund Finance, Assistant Vice President - Blackstone Multi-Asset

Blackstone Administrative Services Partnership • Miami, FL

1d

About The Position

Blackstone’s Global Fund Finance team is seeking an Assistant Vice President to support the Hedge Fund Solutions platform. The position assists with producing monthly net asset values (NAVs) and reporting, including estimating and reconciling NAVs, processing investor payments, overseeing expense budgets, and reconciling hedging and cash activity. The role also supports client reporting, fund structuring and restructuring, product launches, and investment-process reporting.

The Assistant Vice President works with third-party administrators, custodians, offshore resources, internal Operations teams, and service providers. The role uses technology and outsourced solutions to improve efficiency and controls, and supports the appropriate presentation of data in audited financial statements and regulatory filings. Additional assignments and responsibilities may be required or changed at Blackstone’s discretion.

Requirements

• Bachelor of Science degree or above in Accounting or Finance.
• At least 6 years of public or private accounting experience.
• Strong understanding of accounting ledger data.
• Strong Excel skills.
• Excellent analytical and communication skills.
• Ability to multitask and effectively manage own time.
• Collaborative team player willing to assist colleagues.

Nice To Haves

• CPA and/or CFA.
• Experience with private equity, hedge fund, and/or fund-of-hedge-funds investing.
• Accounting systems experience.

Responsibilities

• Review monthly estimated and final fund NAVs.
• Review and analyze NAV reconciliations with third-party administrators and custodians.
• Review and reconcile management and performance fee calculations.
• Review and reconcile client capital statements generated by third-party administrators.
• Review and reconcile fund foreign currency exposure and coordinate hedging.
• Assist and coordinate team members in responding to client requests.
• Review customized client reporting, including calculations of time-weighted returns and IRRs.
• Review monthly revenue reporting and assist with reviewing projections.
• Assist with setup and launch of new products and funds.
• Review cash flow analysis reporting to support the investment process.
• Review capital call and distribution calculations and investor notices.
• Collaborate with offshore resources on NAV production.
• Collaborate with Operations teams, including Middle Office, Pricing, Financial Reporting, Management Reporting, Legal and Compliance, and Regulatory Reporting.
• Use technology and outsourced solutions to enhance efficiencies and controls.
• Oversee service providers to achieve superior service.
• Work with reporting teams to properly present data in audited financial statements and regulatory filings.
• Review legal documents for fund accounting process considerations.

Benefits

• Comprehensive health benefits, including medical, dental, vision, and FSA benefits.
• Paid time off.
• Life insurance.
• 401(k) plan.
• Discretionary bonuses.
• Certain employees may be eligible for equity and other incentive compensation at Blackstone’s discretion.

What This Job Offers

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