Fund Accounting Specialist

4 weeks ago

New York, New York, United States Blackstone Restaurant Full time

Job Title: Global Fund Finance - Private Equity, AVP


The Global Fund Finance - Private Equity Finance and Accounting group is responsible for the fund performance reporting and all aspects of accounting related to the Blackstone Private Equity funds.


The group mainly provides support to the front office professionals, addressing a variety of investor relations matters, and works with business development on new Funds and products.


Key responsibilities may include but are not limited to:

  • Assist with reviewing daily cash and investment activity
  • Monitoring and reporting on credit facility activity
  • Preparation of capital drawdowns
  • Preparation of distributions
  • Review of waterfall calculations
  • Review of management fee calculations and billing statements
  • Preparation of quarterly and audited annual reports, including financial footnotes
  • Assist in reviewing quarterly capital account statements
  • Work with technology teams to improve system functionality and validate enhancements
  • Liaise with investors
  • Read and interpret LPAs
  • Assist in onboarding of new funds
  • Work with internal valuation team to ensure data completeness
  • Work with Tax compliance to ensure accurate Investor reporting
  • Review fund external compliance deliverables, such as Form PF and AIFMD
  • Assist with special projects and internal ad hoc requests


Ideal candidate would have a commitment to excellence in their work product, strong time management skills, and a desire to learn.


Bachelor's degree in Accounting


CPA (preferred, not required)


5+ years of related experience in public accounting and/or private equity fund administration


Strong technical accounting skills


Strong analytical skills and attention to detail


Ability to work in a fast paced professional environment and handle multiple projects and deadlines


Ability to build relationships and communicate effectively across multiple levels, functions and locations


Effectively work and communicate with members of the team to ensure established deadlines are being met in an efficient, accurate, thorough and neat manner


Desire to implement process improvement opportunities


Microsoft Office (Excel, Word and PowerPoint)


A self-starter with the ability to work autonomously


Investran knowledge (preferred, not required)


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-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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