Global Fund Finance - Registered Funds - Associate at Blackstone

New Jersey, United States

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Asset Management, Finance, Credit, Investment FundsIndustries

Requirements

BS (or above) in Accounting or Finance
CPA license
4+ years of public/private accounting experience
Experience with SEC reporting for Registered Investment Companies
Experience with daily NAV striking funds and/or credit industry (preferred)
Excellent interpersonal and communication skills, both written and verbal
Thrives in a team-based environment
Highly organized and proactive
Excellent analytical and problem-solving skills; works effectively with various levels of management in a team environment
Detail oriented with strong work ethic; effectively multi-tasks and executes a wide range of assignments; strong time management skills
Commitment to excellence in work product and desire to learn and grow as a professional

Responsibilities

Day-to-day fund accounting, administration, and reporting of registered funds
Work directly with internal and external teams to strike NAVs, validate corporate level activity, subscription and redemption activity, promote calculations, management fee calculations, NAV allocations, performance calculations, and corporate G&A
All required fund regulatory reporting and disclosures in SEC filings
Work directly with internal and external teams to ensure financial results are appropriately recorded in the fund’s financial statements
Coordinate and oversee external administrators, transfer agents, external auditors for year-end audits, and internal auditors for SOX compliance
Collaborate with teams on producing Audit Committee and Board of Director materials
Review financial information included in investor letters, internal reporting, ad hoc analysis, and projects
Review quarterly reporting deliverables to Blackstone
Collaborate with various teams to prepare accounting policy memos for new transactions and analyze new accounting standards to determine impact on the funds
Coordinate with technology teams to improve automation of manual processes
Collaborate with multiple internal teams including Tax, Acquisition, Portfolio Management, Asset Management, Legal & Compliance, Investor Client Services, local Finance, Technology, Private Wealth Solutions, and Treasury

Skills

Fund Accounting

NAV Calculation

SEC Reporting

Regulatory Filings

Subscription Processing

Redemption Processing

Performance Calculation

Management Fee Calculation

Financial Reporting

G&A

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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