Product Control, Assistant Vice President - Blackstone Credit & Insurance

Blackstone • New York, NY

46d

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: BXC is one of the world’s largest credit-oriented alternative asset managers, with a focus on delivering superior risk-adjusted returns and capital preservation for our clients. The BXC Product Control Group ensures data integrity for all financial data by assessing profit and loss and booking standards of the business' positions and trades across the BXC fund platform which includes RIC vehicles, hybrid and PE funds. The successful candidate’s responsibilities will include: · Perform daily, monthly and quarterly profit and loss (P&L) reconciliations and analyses between various BXC systems · Assess new private investments for appropriate accounting treatment and ensure all relevant deal information in data-warehouse is accurate · Ensure the accounting treatment of investment restructurings are accurately booked and properly flowing into downstream systems · Work collaboratively with other groups, including Operations, Risk, Tax, Technology, and Accounting · Prepare P&L and other ad-hoc financial analysis · Review fair valued prices and accruals on various types of financial instruments to ensure they are accurate in BXC systems and appropriately calculating P&L · Work and drive innovation-related initiatives, including workflow automation and data analytics projects to improve functional effectiveness and efficiencies · Review and advise corrections to reporting based on reconciliations between the Accounting Team, Operations and third-party administrators to ensure the data integrity of accounting information · Review monthly attribution report and work with relevant group to resolve any variances · Prepare and report daily cash rolls to Portfolio Management team in a timely manner

Requirements

• Bachelor’s Degree in Finance or Accounting
• 5+ years’ experience with either prior finance or fund accounting experience or direct Product Control experience required with exposure to hedge funds and/or private equity
• Experience with various credit financial instruments (loans, revolvers, bonds, repos, CDS and other derivatives)
• Strong analytical and mathematical skills with excellent attention to detail and a proactive mindset
• Effectively work in a dynamic environment and handle multiple projects
• Possesses a strong work ethic, professional integrity, a positive attitude
• Highly organized
• Strong communication skills, both written and verbal
• Exceptionally strong excel skills

Nice To Haves

• Prior experience with FactSet is preferred

Responsibilities

• Perform daily, monthly and quarterly profit and loss (P&L) reconciliations and analyses between various BXC systems
• Assess new private investments for appropriate accounting treatment and ensure all relevant deal information in data-warehouse is accurate
• Ensure the accounting treatment of investment restructurings are accurately booked and properly flowing into downstream systems
• Work collaboratively with other groups, including Operations, Risk, Tax, Technology, and Accounting
• Prepare P&L and other ad-hoc financial analysis
• Review fair valued prices and accruals on various types of financial instruments to ensure they are accurate in BXC systems and appropriately calculating P&L
• Work and drive innovation-related initiatives, including workflow automation and data analytics projects to improve functional effectiveness and efficiencies
• Review and advise corrections to reporting based on reconciliations between the Accounting Team, Operations and third-party administrators to ensure the data integrity of accounting information
• Review monthly attribution report and work with relevant group to resolve any variances
• Prepare and report daily cash rolls to Portfolio Management team in a timely manner

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
• Number of Employees: 251-500 employees