Finance - Global Fund Finance - Real Estate Operations Assistant Vice President

blackstone; New York (NY); On-site; USD 125,000 - 185,000; Full time

Job description

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, Twitter, and Instagram.

Business Unit: Global Fund Finance – Real Estate

Position Title: Assistant Vice President (AVP)

Position Description: This position will be involved in investment operations for Blackstone Real Estate Partners funds (“BREP”) and its underlying investments.

Specific Responsibilities:

• Plan, prepare and manage the capital call memo process
• Manage Fund liquidity by maintaining a comprehensive forecast model for each fund line of credit (including subscription and NAV lines)
• Work closely with capital markets professionals (BXCM) on investment level debt placement
• Monitor Fund LPA limitations and deal certificates / line of credit covenant compliance
• Coordinate fund level operating activities, credit facility maintenance, deal funding, and investor funding
• Prepare internal reporting for Real Estate COO & CFO on fund metrics, dry powder, and liquidity schedules; provide analysis and recommended actions
• Responsible for the oversight of prompt responses to internal requests, investor requests and ad hoc projects by the team
• Manage, train and develop staff both in the U.S. and India to assist with operational work
• Work with Legal and Compliance team to ensure compliance with various fund policies and procedures including LPA limitations, side-letter agreements, deal certificates, and line of credit covenants
• Coordinate the testing and implementation of initiatives to improve and streamline fund operations functions

Qualifications:

• 8+ years of Big 4 experience in the private equity industry (Preferably private equity experience)
• Undergraduate degree in Accounting, Finance or Economics
• CPA or graduate degree preferred
• Proficient knowledge of Microsoft Office Suite (Excel, Word, PowerPoint)
• Strong analytical skills, detail oriented and highly organized
• Possesses a strong work ethic, professional integrity, and a positive attitude
• Strong oral and written communication skills
• Ability to work in a dynamic environment and handle multiple projects

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: $125,000 - $185,000

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.

Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

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If you need a reasonable accommodation to complete your application, please email Human Resources at [e-mail].