Fund Accounting Manager

The Blackstone Group L.P.; New Jersey; On-site; USD 100,000 - 185,000; Full time

Benefits offered by this job

Comprehensive health benefits (medical, dental, vision)

Paid time off

Life insurance

401(k) plan with matching contributions

Discretionary bonuses

Potential equity and other incentive compensation

Job summary

The Blackstone Group L.P. is seeking a Fund Accounting Manager to join its Global Fund Finance team in New Jersey. This role involves managing the Fund NAV calculations, collaborating with various teams, and ensuring high-quality service delivery.

Ideal candidates will have a BS in Accounting or Finance, with over 6 years of relevant experience, including strong Excel and analytical skills. The position offers a competitive salary range of $100,000 – $185,000 along with comprehensive health benefits and other incentives.

Qualifications

• 6+ years of fund, audit, or administrator experience.
• 6+ years of public or private accounting experience.
• Experience in private equity and/or hedge funds preferred.
• Knowledge of SEC and relevant regulatory filings for investment funds preferred.
• CPA preferred, Audit experience preferred.

Responsibilities

• Calculate and review monthly estimated and final Fund NAVs.
• Analyze NAV reconciliations with third‑party administrators.
• Assist team members in responding to client requests.
• Review cash‑flow analysis reporting to support investment process.
• Oversee service providers to achieve superior service.

Skills

Strong Excel skills

Analytical skills

Technical skills

Communication skills

Multi-tasking

Team collaboration

Education

BS in Accounting or Finance

Job description

Fund Accounting Manager – Global Fund Finance

Blackstone’s Global Fund Finance team is seeking a Fund Accounting Manager to join the team in support of business growth.

Responsibilities

• Calculate and review monthly estimated and final Fund NAVs
• Analyze NAV reconciliations with third‑party administrators and custodians
• Review and reconcile management and performance fees calculations
• Review and reconcile client capital statements generated by third‑party administrators
• Review and reconcile fund foreign‑currency exposure and coordinate hedging
• Assist and coordinate team members in responding to client requests
• Review customized client reporting, including time‑weighted returns and IRRs calculations
• Review monthly revenue reporting and assist in review of projections
• Assist in the setup and launch of new product offerings and funds
• Review cash‑flow analysis reporting to support the investment process
• Review capital‑call and distribution calculations and investor notice communications
• Collaborate with offshore resources for NAV production
• Collaborate with Operations teams (Middle Office, Pricing, Financial Reporting, Management Reporting), and Legal, Compliance, and Regulatory Reporting functions
• Process investor payments
• Utilize technology and outsourced solutions to enhance efficiencies and controls
• Oversee service providers to achieve superior service
• Oversee expense budgeting, hedging and cash reconciliation, select client reporting functions, and fund structuring and restructuring
• Work with reporting teams to properly present data in audited financial statements and regulatory filings
• Review legal documents for fund accounting process considerations

Qualifications

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

Compensation & Benefits

• Annual base salary range: $100,000 – $185,000 (adjusted for experience, location, and qualifications)
• Comprehensive health benefits (medical, dental, vision, FSA)
• Paid time off
• Life insurance
• 401(k) plan with matching contributions
• Discretionary bonuses
• Potential equity and other incentive compensation at Blackstone’s sole discretion

Equal Employment Opportunity Statement

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 recruiting personnel and hiring managers, are required to abide by this policy.