Global Fund Finance, Assistant Vice President - Blackstone Multi-Asset
About The Position
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram. Blackstone Multi-Asset Investing (BXMA) manages $83 billion across a diversified set of businesses. We strive to generate attractive risk-adjusted returns across market cycles while mitigating downside risk. Our strategies include Absolute Return, which supports diversification, and Multi-Strategy, which invests opportunistically across asset classes, including direct investments. Blackstone’s Global Fund Finance is seeking an Assistant Vice President to assist in the production of monthly Net Asset Values and reporting for the Hedge Fund Solutions platform. Responsibilities include calculations of estimated NAVs, reconciliation of final NAVs, processing of investor payments, oversight of expense budgeting, hedging and cash reconciliations, certain client reporting functions, and fund structuring and restructuring.
Requirements
- BS (or above) in Accounting or Finance
- 6+ years of public or private accounting experience
- Experience with PE, hedge fund and/or FoHF investing
- Strong understanding of accounting ledger data
- Strong Excel skills
- Excellent analytical and communication skills
- Able to multi-task and effectively manage own time
- A collaborative team player, always willing to assist colleagues
Nice To Haves
- CPA, and/or CFA preferred
- Accounting systems experience strongly preferred
Responsibilities
- Review monthly estimate and final Fund NAV’s
- Review and analyze NAV reconciliations with various third party administrators and custodians
- Review and reconcile the calculation of pay management and performance fees
- 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 calculation of time weighted returns and IRRs
- Review monthly revenue reporting and assist in review of projections
- Assist in the 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 review investor notices
- Collaborate with offshore resources with NAV production
- Collaborate with Operations teams including Middle Office, Pricing, Financial Reporting, Management Reporting, Legal and Compliance, and Regulatory Reporting
- Utilize 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 but not limited to medical, dental, vision, and FSA benefits
- paid time off
- life insurance
- 401(k) plan
- discretionary bonuses
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
