Global Fund Finance

3 weeks ago


Jersey City, New Jersey, United States Blackstone Restaurant Full time

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, Twitter, and Instagram.

Business Unit: Global Fund Finance - Real Estate Investor Reporting

Position Title: AVP

Position Description: The BREP Investor Reporting team services investors in our BREP investment vehicles as a component of our Global Fund Finance team.

Specific Responsibilities:

  • Prepare/review responses to information requests from investors in the BREP business, providing portfolio and financial information as needed.
  • Liaise with fund accounting, investor services, legal, tax and finance teams to source information for specific investors for LP performance summaries and various requests.
  • Maintain investor request database and track status of outstanding inquiries in BX Nexus.
  • Manage, train, and develop the support team in India ("COE") to assist with day-to-day operations.
  • Assist in the dissemination of general correspondence with investors and internal requests.
  • Assist in the aggregation, analytics, and preparation of quarterly investor and investor related materials on behalf of the BREP funds.
  • Collaborate on daily basis with team members and COE team to provide guidance, training, and opportunity to enhance processes.
  • Communicate effectively with teams to troubleshoot issues and resolve matters and participate in technology and process improvement initiatives.
  • Assist with maintenance and postings of investor information on BXAccess portal, which organizes and manages BREP investor information.
  • Interface with members of the firm's global real estate group, ICS team, accounting group, and other groups within the firm to evaluate new investor requests to ensure consistency.
  • Assist in onboarding new funds to existing platforms, including detailed review of underlying LP and fund organizational documents.
  • Oversee work performed by off-shore team members.
  • Explore opportunities to improve, automate and streamline strategic processes across various BREP functions and processes.
  • Work with Legal & Compliance team to ensure new initiatives/processes are in compliance with BREP fund terms and requirements.
  • Oversee and manage timely update of information leveraged by various teams.
  • Support the Global Fund accounting team in an operational capacity for all BREP investments (i.e., wire instruction updates, follow-up with investors on late fundings).
  • Assist with investor-specific audit requests.
  • Liaise with external legal team to process LP transfer, name changes, Right of First Refusal/Offer requests.
  • Support quarterly LP performance reporting process in coordination with valuations team.
  • Prepare BX corporate reporting deliverables.
Qualifications:

Blackstone seeks to hire individuals who are highly motivated, intelligent, and have demonstrated excellence in prior endeavors.
  • 8+ years of experience in the private equity industry (preferably private equity experience).
  • Undergraduate degree in Accounting.
  • CPA or graduate degree preferred.
  • Proficient knowledge of Microsoft Office Suite (Excel, Word, PowerPoint).
  • Strong analytical skills, detail oriented, and highly organized.
  • Possesses a strong work ethic, professional integrity, and a positive attitude.
  • Strong oral and written communication and influencing skills.
  • Ability to work in a dynamic environment and handle multiple projects.
  • The candidate is a self-starter that thrives on complexity and seeking solutions.
The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position. Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range:

$125,000 - $185,000

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please email Human Resources at HR-Recruiting-Americas@Blackstone.com.

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:
  • Attending client meetings where you are discussing Blackstone products and/or and client questions;
  • Marketing Blackstone funds to new or existing clients;
  • Supervising or training securities licensed employees;
  • Structuring or creating Blackstone funds/products; and
  • Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.
Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.
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