Finance - Investment Operations - Perpetuals - Associate

The Blackstone Group L.P.; New York (NY); Hybrid; USD 110,000 - 150,000; Full time

Job summary

The Blackstone Group L.P. is seeking an Investment Operations professional for Private Equity retail funds.

The role collaborates with deal teams, fund counsel, tax advisors, and portfolio company management to support transactions and fund reporting. Responsibilities include coordinating with fund accountants on GAAP financial statements, managing cash flow and liquidity forecasting, and ensuring compliance with LPAs and fund covenants.

Qualifications

• Bachelor’s degree in Accounting or Finance.
• 3+ years of public accounting, private equity fund accounting, or private equity fund operations experience.
• Strong technical accounting, analytical and organizational skills.

Responsibilities

• Work closely with deal teams, fund counsel, tax advisors and portfolio company management on investment transactions.
• Liaise with fund accountants on deal transaction accounting for GAAP F/S.
• Manage investment closing/sale funds flow alongside the deal teams.
• Oversee junior NY or offshore teams and allocate responsibilities.
• Prepare internal reporting to COO, CFO, Head of Finance, and Portfolio Management on fund metrics.
• Monitor fund cash and liquidity through forecasting and capital deployments.

Skills

Technical accounting

Analytical skills

Organizational skills

Detail-oriented

MS Office

PowerPoint

Word

Education

Bachelor's degree in Accounting or Finance

Tools

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

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.**Job Title:** Investment Operations – PE Retail - Associate**Job Description:**The Finance – Operations group is responsible for all aspects of fund administration operations related to Blackstone’s Private Equity retail funds. Additionally, the group supports the relevant deal teams and internal marketing groups.Key responsibilities will include but are not limited to:* Work closely with deal teams/fund counsel/tax advisors and portfolio company (“PC”) management on investment transactions and support* Liaise with the fund accountants on deal transaction accounting for GAAP F/S* Manage the investment closing/sale funds flow process alongside the deal teams* Manage responsibilities and assignments delegated to the junior NY or offshore teams* Prepare/review of internal reporting to COO, CFO Head of Finance, and Portfolio Management on fund metrics* Manage fund level cash and liquidity through modelling forecasted realizations and capital deployments* Read and interpret LPAs* Monitor fund LPA limit and deal certificate compliance* Manage capacity on the funds’ credit lines as well as borrowing base compliance/covenants* Oversee the creation and maintenance of fund and investment structure charts and KYC/AML letters* Manage custody with 3rd party vendor, share/stock reconciliation and proxy voting process for fund investments* Liaise with external and internal auditors* Manage the expense process and compliance with LPA and firm policies* Work with technology team to improve automation/reporting of manual processes* Assist with special projects and internal ad hoc requests as needed**Qualifications:*** Bachelor’s Degree in Accounting or Finance* 3+ years of public accounting, private equity fund accounting, or private equity fund operations experience* Strong technical accounting skills* Strong analytical and organizational skills* Detail-oriented* Skill to work in a dynamic professional environment and handle multiple projects and deadlines* Builds relationships and communicates effectively across multiple levels, functions and regions* Effectively work and communicate with members of the team to ensure established deadlines are being met in an efficient, accurate and thorough manner* Desire to implement process improvement opportunities* A self-starter who works independently* Advanced proficiency in Microsoft Office (Excel, Word and PowerPoint) requiredThe 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:**$110,000 - $150,000Actual 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 and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and 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. To submit your application please complete the form below. Fields marked with a red asterisk \\* must be completed to be considered for employment (although some can be answered \"prefer not to say\"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.