Perpetual Finance Fund Accountant – Assistant Vice President at Blackstone

New Jersey, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Real Estate, Asset Management, Financial ServicesIndustries

Requirements

BS (or above) in Accounting or Finance
CPA preferred
6+ years of audit, fund or administrator experience
Experience with open-ended funds; real estate industry experience is preferred
Investment Company accounting knowledge
Knowledge of common industry performance metrics required
A collaborative team player, always willing to assist colleagues
Possess a strong work ethic and professional integrity
Works well in a dynamic, fast-paced environment

Responsibilities

Responsible for day-to-day activities related to fund accounting, reporting of open-ended core real estate funds administered both externally and internally
Liaise with third party fund administrator on items including, but not limited to cash, capital allocations, accruals and expense budgeting, financial statements, capital call drawdown notices, distributions, redemptions, and ad-hoc investor requests
Review quarterly estimates and final fund NAVs
Responsible for calculation of waterfall and incentive models
Manage the expense process and compliance with fund LPAs and firm policies
Responsible for financial deliverables associated with BX quarterly close
Responsible for production of quarterly and annual fund partnerships’ GAAP financial statements
Coordinate with external auditors for annual audit
Review quarterly and annual financial regulatory reporting
Coordinate with internal audit to ensure SOX compliance
Collaborate with multiple internal teams including Tax, Acquisitions, Portfolio Management, Asset Management, Legal & Compliance, Investor Client Services, FP&A, Technology, and Treasury
Responsible for management of offshore team

Skills

Key technologies and capabilities for this role

Fund AccountingFinancial ReportingGAAPNAV CalculationWaterfall ModelsIncentive ModelsSOX ComplianceExpense ManagementAudit CoordinationRegulatory ReportingTeam Management

Questions & Answers

Common questions about this position

What is the expected salary range for this position?

The expected annual base salary range is $130,000 - $200,000, with actual base salary determined by experience, skills, qualifications, and job location.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What qualifications and experience are required for this role?

Candidates need a BS (or above) in Accounting or Finance, CPA preferred, 6+ years of audit, fund or administrator experience, experience with open-ended funds, and real estate industry experience preferred.

What is the work environment like at Blackstone for this role?

The role involves working in a dynamic, fast-paced environment as a collaborative team player with a strong work ethic and professional integrity, collaborating with multiple internal teams and managing an offshore team.

What makes a strong candidate for this Fund Accountant position?

Strong candidates will have 6+ years of experience with open-ended funds, real estate knowledge, Investment Company accounting expertise, and the ability to thrive in a fast-paced environment while collaborating across teams.

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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