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Senior Vice President of Global Fund Finance

2 months ago


New York, New York, United States Blackstone Full time

Company Overview:

Blackstone stands as the premier alternative asset management firm globally. Our mission is to foster positive economic impact and deliver enduring value for our investors, the enterprises we engage with, and the communities we serve. We achieve this through our exceptional talent and adaptable capital, assisting companies in navigating challenges. Our extensive portfolio, comprising $1 trillion in assets under management, includes investment vehicles across private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic credit, real assets, and secondary funds, all on a worldwide scale.

Position Title:

Senior Vice President - Global Fund Finance for Open-Ended Funds

Position Overview:

  • Lead a team dedicated to the daily operations concerning fund accounting and reporting for both open-ended and closed-end core European real estate funds, managed both externally and internally.
  • Oversee relationships with third-party fund administrators.
  • Supervise all fund-level operational activities, including deal funding, LP funding, cash management, lines of credit, reconciliations, and regulatory reporting.
  • Manage the quarterly closing process for BX deliverables.
  • Review all capital call and distribution activities, along with other fund-level operations.
  • Maintain communication and relationships with external auditors.
  • Evaluate quarterly and annual GAAP financial statements for fund partnerships.
  • Accountable for financial reporting, including preparing and reviewing necessary filings, conducting technical accounting research, and fulfilling monthly/quarterly reporting obligations.
  • Analyze complex waterfall and incentive models.
  • Facilitate LP onboarding and address investor inquiries.
  • Collaborate with internal audit to ensure compliance with SOX regulations.
  • Work with technology teams to enhance the automation of manual processes.
  • Engage with internal teams, including Tax, Acquisition, Portfolio Management, Asset Management, Legal & Compliance, Investor Client Services, local Finance, Technology, and Treasury.
  • Implement the strategic plan of the team.
  • Develop innovative solutions to enhance operational processes.
  • Responsible for mentoring and developing junior team members.

Qualifications:

  • Possess a BS (or higher) in Accounting or Finance; CPA designation is preferred.
  • Experience in open-ended funds, real estate, and/or the private equity sector is advantageous.
  • Exhibit strong written and verbal communication capabilities.
  • Demonstrate the ability to excel in a collaborative team environment.
  • Highly organized and proactive in approach.
  • Ability to thrive in a dynamic organizational culture.
  • Detail-oriented with a robust work ethic; adept at multitasking and managing a diverse range of assignments; strong time management skills are essential.
  • Ideal candidates will show a commitment to excellence in their deliverables and a desire for professional growth.

Compensation:

The expected annual base salary range for this position is $155,000 - $225,000. Actual salary will be determined based on various factors, including the individual's experience, skills, qualifications, and job location. For positions outside the US, please note that local market comparables will dictate compensation processes.

Additional compensation details: The base salary does not encompass other forms of compensation or benefits associated with the advertised role.