Fund Accounting Associate at Blackstone

New Jersey, 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

Private Equity, Hedge Funds, Asset ManagementIndustries

Requirements

BS (or above) in Accounting or Finance
3+ years of fund, audit, or administrator experience / 3+ years of public or private accounting experience
Preferred experience in private equity and/or hedge funds and/or audit
Knowledge of SEC / relevant regulatory filings for investment funds preferred
CPA preferred
Strong Excel skills
Excellent analytical, technical, and communication skills
Ability to multitask and effectively manage own time
Collaborative team player

Responsibilities

Reviewing daily and monthly estimate and final fund NAVs
Preparing and reviewing capital calls and distributions allocations
Assisting in tracking investment cost and monitoring the fair value of the investments
Preparation and oversight of quarterly NAV and portfolio reconciliation process; investigating and resolving discrepancies with internal operations teams
Calculating management fees, distributions, waterfall allocations, and IRR
Preparing and reviewing fund forecasts, performance estimates, attributions, and other ad-hoc projects
Assisting in review of investor statements and internal reporting
Coordinating with external auditors for the year-end audit process
Overseeing and reviewing the work of the offshore team

Skills

Key technologies and capabilities for this role

ExcelFund AccountingNAV CalculationCapital CallsDistributionsWaterfall AllocationsIRRFinancial ReconciliationManagement FeesInvestor ReportingAudit Coordination

Questions & Answers

Common questions about this position

What is the salary range for the Fund Accounting Associate position?

The expected annual base salary range is $100,000 - $140,000.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What skills and experience are required for this role?

Candidates need 3+ years of fund, audit, or administrator experience or public/private accounting, a BS in Accounting or Finance, strong Excel skills, excellent analytical, technical, and communication skills, ability to multitask, and a collaborative team player attitude. CPA and knowledge of SEC filings are preferred.

What is the company culture like at Blackstone?

Blackstone seeks to create positive economic impact and long-term value for investors, companies they invest in, and communities. The role involves collaborating with internal teams and overseeing an offshore team.

What makes a strong candidate for this Fund Accounting Associate role?

Strong candidates will have a BS in Accounting or Finance, 3+ years in fund accounting, audit, or public/private accounting, preferred private equity/hedge fund experience, CPA certification, knowledge of SEC filings, strong Excel skills, and excellent analytical, communication, and multitasking abilities.

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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