Fund Accounting, Manager at Blackstone

New York, New York, United States

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$115,000 – $185,000Compensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Asset Management, Private Equity, Real EstateIndustries

Requirements

BS (or above) in accounting
7+ years of public/private experience (preferred)
Audit experience (preferred)
Experience in the financial services industry (preferred)
Strong Excel skills (preferred)

Responsibilities

Accounting for Blackstone funds leveraging the fund’s general ledger and internal workpapers
Oversee the review of daily bank activities and manage cash with the deal team
Maintaining information and reconciling loan investments and debt financings in the GL system and internal workpapers to loan tracking models
Review quarterly / annual financial statements, quarterly capital statements, LP distributions and capital call notifications, Blackstone reporting deliverables, and quarterly work papers for internal review and quarterly reporting support
Collaborate with the deal team, legal team, tax, treasury, and operations teams on new investments and restructures
Review management fee calculation, rebates and offsets for accuracy and completeness
Prepare and review realized and unrealized waterfall calculations
Review the gross levered/unlevered and Net IRR calculations
Manage the day-to-day of the Offshore COE Team and Analyst/Associates to ensure accurate and timely preparation of work papers and reconciliation files
Collaborate with the Luxembourg third-party administrators
Manage upward – communicate any issues and help come up with solutions
Assisting with ad hoc projects and system implementations as necessary
Preparing support analyses for partnership activities to external auditors for year-end audits and partnership tax returns

Skills

Fund Accounting

General Ledger

Bank Reconciliation

Cash Management

Loan Reconciliation

Debt Financing

Financial Statements

Capital Statements

LP Distributions

Capital Calls

Waterfall Calculations

IRR Calculations

Management Fee Calculation

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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