Blackstone Real Estate Debt Strategies (BREDS) Finance & Operations, Associate

Blackstone Group; Bethpage (NY); On-site; USD 110,000 - 150,000; Full time

Benefits offered by this job

Health benefits

Paid time off

Life insurance

401(k) plan

Discretionary bonuses

Job summary

The Blackstone Group L.P. is seeking an Associate for BREDS Finance & Operations in New York.

This role supports the BREDS operations team, helping manage approximately $78 billion in assets and related financing activities for a range of vehicles, including BXMT and private funds. The ideal candidate will have 3+ years in real estate debt-related roles, strong financial skills, and excellent communication abilities to coordinate with internal teams and external partners.

Qualifications

• Bachelor’s degree in finance, accounting, or a similar discipline; CFA/CPA is a plus.
• 3+ years of relevant experience in public accounting, transaction services, private equity funds, consulting, or other real estate debt roles.
• Self-motivated with a strong work ethic and exceptional attention to detail.
• Excellent oral and written communication skills.
• Strong technology skills with a proactive and innovative mindset.
• Proficiency in Microsoft Excel is required.

Responsibilities

• Assist with the operations of approximately $78 billion in BREDS AUM and related transactions.
• Partner with investment professionals, asset management, portfolio management, and legal teams to execute transactions.
• Oversee servicing and onboarding performed by a dedicated portfolio company and offshore operations team.
• Execute investment funding activities with the BREDS asset management team, including treasury and debt financing.
• Manage operations of credit facilities across multiple BREDS vehicles, including funding advances and covenant monitoring.
• Liaise with asset managers through loan lifecycle events such as modifications and extensions.

Skills

Attention to detail

Oral and written communication

Self-motivated

Strong work ethic

Technology savvy

Education

Bachelor's degree in finance or accounting

CFA and/or CPA is a plus

Tools

Microsoft Excel

Job description

Blackstone Real Estate Debt Strategies (BREDS) Finance & Operations, Associate

Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Blackstone Real Estate Debt Strategies Blackstone Real Estate Debt Strategies ("BREDS") is the largest alternative asset manager of real estate credit with $78 billion of investor capital under management. Serving institutional, insurance, and individual investors, BREDS originates loans and makes debt investments across global private and public real estate credit markets and across the capital structure and risk spectrum. BREDS also manages Blackstone Mortgage Trust (NYSE: BXMT), a publicly-traded commercial mortgage REIT, and is a fully integrated part of the Blackstone Real Estate platform, the largest owner of commercial real estate globally.

Job Description

The BREDS Operations team is responsible for executing new investment and capital markets transactions across the BREDS business, as well as overseeing daily portfolio activities and cash flows. This position is ideal for candidates with strong technical, organizational, and communication skills who are looking to make an impact in a dynamic environment.

Assist with the operations of approximately $78 billion in BREDS AUM and related transactions, including the firm’s publicly listed REIT BXMT, private fund structures, single managed accounts, business development company, and insurance vehicles. Partner with investment professionals, asset management, portfolio management, internal and external counsel, and BREDS Finance teams to execute investment transactions and financing strategies. Oversee aspects of servicing and onboarding performed by a dedicated portfolio company and offshore operations team. Execute investment funding activities with the BREDS asset management team, including treasury, debt financing, and foreign currency considerations. Help manage the operations of credit facilities across multiple BREDS vehicles, including processing future funding advances, repayments, compliance reporting, covenant monitoring, and fee calculations. Liaise with BREDS asset managers and the servicing and onboarding team through various loan lifecycle events, including modifications, extensions, workouts, and repayments. Review monthly and quarterly investment portfolio analytics and prepare reporting and insights for senior management.

Qualifications

• Bachelor’s degree in finance, accounting, or a similar discipline (CFA and/or CPA is a plus).


• 3+ years of relevant experience in public accounting, transaction services, private equity funds, consulting, or other relevant real estate debt roles.


• Self‑motivated with a strong work ethic and exceptional attention to detail.


• Excellent oral and written communication skills.


• Strong technology skills with a proactive and innovative mindset.


• Proficiency in Microsoft Excel is required.

Expected annual base salary range: $110,000 - $150,000. Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Benefits

• comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits


• paid time off


• life insurance


• 401(k) plan


• discretionary bonuses

Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), [phone] (EMEA) or [phone] (APAC).

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following: Attending client meetings where you are discussing Blackstone products and/or and client questions; Marketing Blackstone funds to new or existing clients; Supervising or training securities licensed employees; Structuring or creating Blackstone funds/products; and Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials. Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions.

At Blackstone, we look to attract and retain the brightest minds in the business, hiring professionals across a wide range of disciplines. Our employees are integral to the firm’s identity, contributing to a culture of integrity, professionalism and excellence. It is their dedication and passion for their work that has helped Blackstone become a trusted partner for some of the largest institutional investors in the world. We encourage independent thinking and reward initiative, while providing services to help employees grow professionally. Our global business platform and brand reputation provide an unparalleled launch pad for growing your career.