Expense Team, Assistant Vice President - Blackstone Credit & Insurance

Blackstone; New York (NY); On-site; USD 130,000 - 200,000; Full time

Benefits offered by this job

Comprehensive health benefits

401(k) plan

Discretionary bonuses

Job summary

Blackstone is seeking an Expense Team Assistant Vice President in New York, NY. This role entails overseeing daily expense operations and mentoring team members to ensure efficiency and compliance across T&E allocations. The ideal candidate will have significant experience in finance and expense management systems, particularly Concur.

The position offers a salary range of $130,000 - $200,000, along with comprehensive health benefits, paid time off, and other incentives.

Qualifications

• 5+ years of experience in finance or accounting.
• 2+ years of team leadership experience.
• Hands-on experience with expense management systems like Concur.

Responsibilities

• Lead day-to-day management of T&E expense allocations.
• Oversee reviews for adherence to policies.
• Manage, mentor, and develop junior team members.

Skills

Finance expertise

Accounting knowledge

Expense operations

Team leadership

Analytical skills

Excel proficiency

Education

Relevant degree in Finance or Accounting

Tools

Concur

Expense Allocation System (EAS)

Job description

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 Credit & Insurance (BXCI) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk‑adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world‑class capabilities in investment grade private credit.

The Expense Team Assistant Vice President will oversee key functions across the BXCI Expense Team, managing day‑to‑day expense operations, developing team members, and driving process improvements across travel & entertainment (T&E) and invoice allocation workflows.

A strong background in Finance, Accounting, and expense operations is required. The successful candidate will bring significant experience in T&E and invoice allocation processes, expense policy adherence, expense reporting/status updates, and hands‑on expertise with expense systems and workflow approvals.

Responsibilities

Core Expense Operations & Oversight

• Lead the day‑to‑day management of T&E expense allocations and invoice allocation processes, ensuring accuracy, timeliness, and compliance with allocation procedures and firm policies.
• Oversee expense report reviews for adherence to policies and allocation procedures; act as an escalation point for exceptions and complex issues.
• Contribute to expense status reporting, including tracking approvals, aging, bottlenecks, and resolution plans.
• Field questions regarding invoice status and provide technical guidance for related workflows.

People Leadership & Stakeholder Management

• Manage, mentor, and develop junior team members; set priorities, provide coaching, and ensure coverage for critical processes.
• Serve as a key point of contact for employee questions related to T&E allocations, approvals, and expense process expectations.
• Train new employees on T&E allocations and invoice allocation workflows.

Systems Ownership (EAS + Concur) & Process Improvement

• Oversee workflows for T&E reports and approvals, including working with the team on documentation and training materials.
• Provide system administration support for Expense Allocation System (EAS) and operations (queue oversight, data maintenance, user support, and issue escalation).
• Assist with technical system troubleshooting and user assistance; coordinate with internal partners to resolve recurring system/process issues.
• Drive special projects to improve controls, reduce cycle times, and improve user experience.

Allocation Governance & Service Management

• Support allocation of select research and technology services and ensure proper allocation and documentation.
• Identify, assess, and elevate operational risks; recommend improvements and implement solutions with appropriate stakeholders.

Qualifications (Required)

• 5+ years of relevant experience in Finance, Accounting, expense operations, invoice allocation, T&E allocation, or related functions (asset management or financial services experience strongly preferred).
• 2+ years of people/team leadership experience including prioritization and training.
• Required systems experience: hands‑on experience with expense management systems such as Concur and EAS, including workflow approvals, reporting, and troubleshooting/user support.
• Demonstrated capability to review and enforce policy and allocation procedures, resolve exceptions, and follow up for approvals.
• Strong technical and analytical skills; highly detail‑oriented with a strong control mindset.
• Proven capability to manage multiple tasks, shift priorities quickly, and support a wide variety of functions in a dynamic environment.
• Advanced Excel proficiency (e.g., pivots, lookups, reconciliation support).
• Excellent verbal and written communication skills, including the capability to summarize issues, develop recommendations, and make sound decisions.
• Proactive, takes initiative, and demonstrates strong ownership from problem identification through resolution.

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position. Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range: $130,000 - $200,000

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, salary bands are not applicable; local market comparables will be used.

Additional compensation and benefits include comprehensive health benefits (medical, dental, vision, FSA), paid time off, life insurance, 401(k) plan, discretionary bonuses, and, where applicable, equity and other incentive compensation at Blackstone’s 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.

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 client questions;
• Marketing Blackstone funds to new or existing clients;
• Supervising or training securities‑licensed employees;
• Structuring or creating Blackstone funds/products;
• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not exhaustive; some activities may require review on a case‑by‑case basis.

Application Process

To submit your application, please complete the form and you will be provided with success status confirmation. Please note that fields marked with a red asterisk * must be completed to be considered for employment. Failure to provide this information may compromise the follow‑up of your application.