Fund Accounting Associate

The Blackstone Group L.P.; Miami (FL); On-site; USD 100,000 - 140,000; Full time

Benefits offered by this job

Comprehensive health benefits

Paid time off

Life insurance

401(k) plan

Discretionary bonuses

Job summary

The Blackstone Group L.P. seeks a Fund Accounting Associate in Miami to review fund NAVs and manage financial reconciliations. The role requires a BS in Accounting or Finance, 3+ years of relevant experience, and strong Excel skills.

Compensation includes a base salary between $100,000 and $140,000, along with comprehensive health benefits, PTO, and a 401(k) plan.

Qualifications

• 3+ years of fund, audit, or administrator experience.
• Experience in private equity and/or hedge funds preferred.
• CPA preferred.

Responsibilities

• Review daily and monthly estimate and final fund NAVs.
• Prepare and review capital calls and distribution allocations.
• Assist in tracking investment costs and monitoring fair value.
• Prepare and oversee quarterly NAV and portfolio reconciliation.
• Calculate management fees, distributions, and IRR.

Skills

Excel skills

Analytical skills

Communication skills

Time management

Team collaboration

Education

BS or higher in Accounting or Finance

Job description

Fund Accounting Associate

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. Our assets under management include a broad range of 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.

Responsibilities

• Review daily and monthly estimate and final fund NAVs.
• Prepare and review capital calls and distribution allocations.
• Assist in tracking investment cost and monitoring the fair value of the investments.
• Prepare and oversee the quarterly NAV and portfolio reconciliation process; investigate and resolve discrepancies with internal operations teams.
• Calculate management fees, distributions, waterfall allocations, and IRR.
• Prepare and review fund forecasts, performance estimates, attributions, and other ad‑hoc projects.
• Assist in the review of investor statements and internal reporting.
• Coordinate with external auditors for the year‑end audit process.
• Oversee and review the work of the offshore team.

Qualifications

• BS (or higher) in Accounting or Finance.
• 3+ years of fund, audit, or administrator experience, or 3+ years of public or private accounting experience.
• Experience in private equity and/or hedge funds and/or audit preferred.
• Knowledge of SEC or relevant regulatory filings for investment funds preferred.
• CPA preferred.
• Strong Excel skills.
• Excellent analytical, technical, and communication skills.
• Ability to multi‑task and effectively manage one’s own time.
• Collaborative team player, always willing to assist colleagues.

Salary and Benefits

Expected annual base salary range: $100,000 - $140,000. Actual base salary 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 U.S., the posted salary band may not apply.

• Comprehensive health benefits, including medical, dental, vision, and FSA benefits.
• Paid time off.
• Life insurance.
• 401(k) plan.
• Discretionary bonuses.
• Potential equity and other incentive compensation at Blackstone’s discretion.

Equal Employment Opportunity

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.