Fund Accounting Manager at Blackstone

Miami, Florida, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Asset Management, Private Equity, Real EstateIndustries

Requirements

BS (or above) in Accounting or Finance
6+ years of fund, audit, or administrator experience / 6+ years of public or private accounting experience
Experience in private equity and / or hedge funds and / or audit (preferred)
Knowledge of SEC / relevant regulatory filings for investment funds (preferred)
CPA (preferred)
Audit experience (preferred)
Strong Excel skills (preferred)
Highly motivated, proactive, intelligent, and demonstrated excellence in prior endeavors

Responsibilities

Calculate and review monthly estimate and final Fund NAV’s
Analyze NAV reconciliations with various third-party administrators and custodians
Review and reconcile the calculation of and pay management and performance fees
Review and reconcile client capital statements generated by third-party administrators
Review and reconcile fund foreign currency exposure and coordinate hedging
Assist and coordinate team members in responding to client requests
Review customized client reporting including calculation of time weighted returns and IRRs
Review monthly revenue reporting and assist in review of projections
Assist in the setup and launch of new products and Funds
Review cash flow analysis reporting to support the investment process
Review capital call and distribution calculations and review investor notices
Collaborate with offshore resources with NAV production
Collaborate with Operations teams including Middle Office, Pricing, Financial Reporting, Management Reporting, Legal and Compliance, and Regulatory Reporting
Process investor payments
Utilize technology and outsourced solutions to enhance efficiencies and controls
Oversee service providers to achieve superior service
Oversee expense budgeting, hedging and cash reconciliation, certain client reporting functions, and fund structuring and restructuring
Work with reporting teams to properly present data in audited financial statements and regulatory filings
Review legal documents for fund accounting process considerations

Skills

NAV Calculation

Reconciliations

Management Fees

Performance Fees

Client Reporting

IRR

Time Weighted Returns

Hedging

Capital Calls

Distributions

Cash Flow Analysis

Financial Reporting

Revenue Projections

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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