Product Control, Assistant Vice President - Blackstone Credit & Insurance at Blackstone

New York, New York, United States

Apply Now

Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Asset Management, Credit, Insurance, Alternative Investments, Private EquityIndustries

Requirements

Bachelor’s Degree in Finance or Accounting
5+ years’ experience with either prior finance or fund accounting experience or direct Product Control experience required with exposure to hedge funds and/or private equity
Experience with various credit financial instruments (loans, revolvers, bonds, repos, CDS and other derivatives)
Strong analytical and mathematical skills with excellent attention to detail and a proactive mindset
Prior experience with FactSet is preferred
Effectively work in a dynamic environment and handle multiple projects
Possesses a strong work ethic, professional integrity, a positive attitude
Highly organized
Strong communication skills, both written and verbal
Exceptionally strong Excel skills

Responsibilities

Perform daily, monthly and quarterly profit and loss (P&L) reconciliations and analyses between various BXC systems
Assess new private investments for appropriate accounting treatment and ensure all relevant deal information in data-warehouse is accurate
Ensure the accounting treatment of investment restructurings are accurately booked and properly flowing into downstream systems
Work collaboratively with other groups, including Operations, Risk, Tax, Technology, and Accounting
Prepare P&L and other ad-hoc financial analysis
Review fair valued prices and accruals on various types of financial instruments to ensure they are accurate in BXC systems and appropriately calculating P&L
Work and drive innovation-related initiatives, including workflow automation and data analytics projects to improve functional effectiveness and efficiencies
Review and advise corrections to reporting based on reconciliations between the Accounting Team, Operations and third-party administrators to ensure the data integrity of accounting information
Review monthly attribution report and work with relevant group to resolve any variances
Prepare and report daily cash rolls to Portfolio Management team in a timely manner

Skills

Key technologies and capabilities for this role

P&L ReconciliationProfit and Loss AnalysisAccounting TreatmentFinancial Data IntegrityData WarehouseFair Value PricingAccrualsFinancial InstrumentsPrivate InvestmentsAd-hoc Financial Analysis

Questions & Answers

Common questions about this position

What qualifications and experience are required for this Product Control role?

Candidates need a Bachelor’s Degree in Finance or Accounting, 5+ years of experience in finance, fund accounting, or Product Control with exposure to hedge funds and/or private equity, and experience with credit financial instruments like loans, revolvers, bonds, repos, CDS, and derivatives. Strong analytical and mathematical skills are also required.

What are the main responsibilities in this Product Control position?

Responsibilities include performing daily, monthly, and quarterly P&L reconciliations and analyses, assessing new private investments for accounting treatment, ensuring accurate booking of investment restructurings, collaborating with other groups, preparing financial analyses, reviewing fair valued prices and accruals, and driving innovation initiatives like workflow automation.

What is the salary or compensation for this Assistant Vice President role?

This information is not specified in the job description.

Is this Product Control position remote or office-based?

This information is not specified in the job description.

What kind of collaboration is expected in this role at Blackstone Credit & Insurance?

The role involves working collaboratively with other groups, including Operations, Risk, Tax, Technology, and Accounting, as well as preparing daily cash rolls for the Portfolio Management team.

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.

Land your dream remote job 3x faster with AI

Try Jobo Free