Manager, Private Equity and Hedge Fund Accounting (REMOTE)
SEISalary not specified
Full Time
Junior (1 to 2 years)
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
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What is the salary for the Fund Accounting Manager position?
This information is not specified in the job description.
Is this Fund Accounting Manager role remote or office-based?
This information is not specified in the job description.
What experience and skills are required for the Fund Accounting Manager role?
Candidates need 6+ years of fund, audit, or administrator experience or public/private accounting experience, a BS in Accounting or Finance, fund experience in private equity/hedge funds preferred, CPA preferred, and strong Excel skills.
What is the company culture like at Blackstone?
Blackstone seeks to create positive economic impact and long-term value using extraordinary people and flexible capital to help companies solve problems.
What makes a strong candidate for the Fund Accounting Manager position?
Strong candidates will have 6+ years of relevant experience in fund accounting, audit, or administration, a degree in Accounting or Finance, CPA certification, experience with private equity or hedge funds, knowledge of SEC filings, strong Excel skills, and attributes like being highly motivated, proactive, intelligent, and detail-oriented.
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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