Fund Accounting, Associate at Blackstone

New York, New York, United States

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$100,000 – $140,000Compensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Asset Management, Private Equity, Alternative InvestmentsIndustries

Requirements

Advanced Excel skills required
2+ years of public accounting / private equity experience
CPA (Certified Public Accountant) preferred
Commitment to excellence in work product
Strong time management skills
Independent worker / self-starter
Strong desire to learn

Responsibilities

Preparation and oversight of quarterly NAV (Net Asset Value) and portfolio reconciliation process
Investigating and resolving discrepancies with internal operations teams
Prepare quarterly and annual Fund financial statements
Maintain detailed capital account balances for partners
Prepare and review capital calls and distributions allocations
Calculate management fee, distributions, waterfall allocations, and IRR (Internal Rate of Return)
Prepare and review expense allocations and payments
Track investment cost and monitor the fair value of the investments
Maintain information and reconcile loan investments and debt financings in Investran to internal Ops system
Prepare and review fund forecasts, performance estimates, attributions, and other ad-hoc projects
Oversee the calculations and manage wire payments for various firm revenues, including management fees, carried interest, and/or incentive fees
Review fund legal documents and assist in building processes and templates for new fund launches
Liaise with the Investment and Operation teams to review and enhance internal and investor reporting
Assist in review of investor statements and internal reporting
Coordinate with external auditors for the year-end audit process
Oversee and review the work of the offshore team
Assist in the preparation of templates, which will be included in Blackstone’s quarterly filing and/or press release

Skills

NAV Preparation

Portfolio Reconciliation

Financial Statements

Capital Calls

Distributions

Waterfall Allocations

IRR Calculation

Expense Allocations

Investran

Fund Forecasting

Performance Attribution

Blackstone

Global alternative asset management firm

About Blackstone

Blackstone is a leader in alternative asset management, focusing on private equity, real estate, and credit investments. The firm manages over $1.1 trillion in assets and partners with financial advisors to provide access to private markets, aiming to create strong businesses that deliver lasting value. Its main products, BREIT and BCRED, cater to income-focused investors, while the On-Demand Continuing Education Program helps educate investors on private market topics. Blackstone's goal is to identify economic trends and invest in industry-leading businesses to generate strong returns.

New York City, New YorkHeadquarters

1985Year Founded

$18,081.8MTotal Funding

UNKNOWNCompany Stage

Financial Services, Real Estate, EducationIndustries

5,001-10,000Employees

Risks

Increased competition in AI may lead to overvaluation and market saturation.

Potential regulatory scrutiny due to significant investments in diverse sectors.

Economic instability in Europe could impact returns from European investments.

Differentiation

Blackstone is a global leader in alternative asset management with $1.1 trillion AUM.

The firm specializes in private equity, real estate, and credit investments.

Blackstone partners with financial advisors to provide access to private markets.

Upsides

Blackstone's $300M investment in DDN shows a strategic pivot towards AI-driven growth sectors.

The €250M investment in Sia Partners expands Blackstone's footprint in AI consulting services.

Partnership with Jersey Mike’s indicates investment in established consumer brands with growth potential.

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