Global Fund Accounting AVP- Blackstone Credit & Insurance (BXCI) at Blackstone

New Jersey, United States

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$105,000 – $150,000Compensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Asset Management, Private Credit, InsuranceIndustries

Requirements

Advanced Excel skills required
3+ years of public accounting / private equity experience, preferably public accounting and asset management
CPA preferred
Commitment to excellence in work product
Strong time management skills
Independent worker/ self-starter

Responsibilities

Overseeing quarterly NAV and portfolio reconciliation process; investigating and resolving discrepancies with Investran and internal operations teams
Preparing and reviewing capital calls and distributions allocations
Calculating management fee, distributions, waterfall allocations, and IRR
Preparing and reviewing expense allocations and payments
Monitoring expenses and preparing budgets
Reviewing financial statements and regulatory reporting
Maintaining information and reconciling loan investments and debt financings in Investran to loan tracking models
Preparing and reviewing fund forecasts, performance estimates, attributions, and other ad-hoc projects
Overseeing the calculations and managing wire payments for various firm revenues, including management fees and incentive fees
Reviewing fund legal documents and assisting in building processes and templates for new fund launches
Liaising with the Investment and Operation teams to review and enhance internal and investor reporting
Assisting in review of investor statements, quarterly investment letters, and internal reporting
Maintaining accounting related data (capital, expenses, P&L) in internal systems
Coordinating with external auditors for the year-end audit process
Overseeing and reviewing the work of the offshore team and various administrators

Skills

Investran

NAV Reconciliation

Capital Calls

Distributions

Waterfall Allocations

IRR Calculations

Expense Allocations

Financial Statements

Regulatory Reporting

Fund Forecasting

Performance Attribution

Wire Payments

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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