Real Estate Finance Transactions & Accounting Policy, AVP

The Blackstone Group • New York, NY

268d • $120,000 - $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. Blackstone Real Estate is a global leader in real estate investing, with US $315 billion of investor capital under management. The AVP will be focused on accounting policy for BREIT and its affiliated portfolio companies with a focus on new transactions, policy implementation, and strategic analysis on how accounting decisions impact critical performance metrics and disclosures.

Requirements

• Bachelor's Degree (or above) in Accounting or Finance
• 6+ years of public/private accounting experience
• Experience with public companies and historical-cost accounting is required
• Experience with public REITs and SEC registrants is preferred
• Strong written and verbal communication skills
• Ability to work effectively in a dynamic professional culture
• Detail-oriented with strong work ethic; ability to multi-task and execute a wide range of assignments; strong time management skills
• CPA is required

Responsibilities

• Determine property accounting treatment of unique and complex transactions, in partnership with investment professionals and senior BREIT finance leaders
• Ensure the accounting policies of portfolio companies align with BREIT's policies
• Assist with onboarding of newly acquired portfolio companies to ensure framework for monthly reporting and SOX controls are aligned with BREIT requirements
• Liaise with Blackstone Real Estate portfolio companies to ensure the accuracy of underlying monthly property results
• Partner with others in BREIT finance to ensure new transactions are appropriately disclosed in SEC reporting and key performance metrics
• Partner with others in BREIT Finance to strike the monthly NAV
• Coordinate with internal and external auditors
• Analyze new accounting standards to determine impact on BREIT
• Prepare ad hoc analysis as required by senior management

Benefits

• Base salary range: $120,000 - $200,000
• Additional compensation not specified

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree