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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 preeminent alternative asset manager globally. Our mission is to foster positive economic impact and generate long-term value for our investors, the enterprises we engage with, and the communities we serve. We leverage exceptional talent and adaptable capital to assist businesses in overcoming challenges. Our portfolio encompasses $1 trillion in assets under management, featuring investment vehicles that span 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 worldwide scale.

Position Title:

Vice President – Global Fund Finance for Open-Ended Funds

Role Overview:

  • Lead a team tasked with the daily operations concerning fund accounting and reporting for both open-ended and closed-end core European real estate funds, managed through both external and internal channels.
  • Oversee relationships with third-party fund administrators.
  • Direct all fund-level operational activities, including deal funding, LP funding, cash management, lines of credit, reconciliations, and compliance reporting.
  • Supervise the quarterly closing of deliverables.
  • Evaluate all capital call and distribution activities along with other fund-level operations.
  • Manage communication and relationships with external auditors.
  • Review quarterly and annual GAAP financial statements for fund partnerships.
  • Accountable for financial reporting, including the preparation and review of relevant filings, technical accounting research, and 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 such as Tax, Acquisition, Portfolio Management, Asset Management, Legal & Compliance, Investor Client Services, local Finance, Technology, and Treasury.
  • Implement the strategic plan of the team.
  • Devise innovative solutions to enhance operational processes.
  • Mentor and develop junior team members.

Qualifications:

  • Bachelor's degree (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.
  • Exceptional written and verbal communication abilities.
  • Capacity to excel in a collaborative team environment.
  • Highly organized and proactive approach.
  • Aptitude for thriving in a dynamic corporate culture.
  • Detail-oriented with a robust work ethic; ability to manage multiple tasks and execute a diverse range of assignments; strong time management skills.
  • Ideal candidates will demonstrate a commitment to excellence in their work 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 individual experience, skills, qualifications, and job location. For positions outside the US, please note that the posted salary bands may not apply, as these roles follow a different compensation process based on local market standards.

Additional compensation may be provided, as base salary does not encompass other forms of remuneration or benefits associated with the advertised role.