Global Fund Finance - Blackstone Credit, Assistant Vice President

Blackstone; Miami (FL); On-site; USD 150,000 - 200,000; Full time

Benefits offered by this job

Comprehensive health benefits

401(k) plan

Discretionary bonuses

Job summary

A leading global asset manager is seeking an experienced professional for overseeing the NAV finalization process for private funds and ensuring compliance with governing documents. Candidates should have 7+ years in public accounting or fund administration, with a strong emphasis on credit products. The role offers a competitive salary range of $150,000 - $200,000 and comprehensive health benefits, along with opportunities for performance bonuses. This position is located in Miami, Florida.

Qualifications

• 7+ years of experience in public accounting, fund, or administrator role.
• CPA or CFA preferred.
• Experience with credit products is preferred.

Responsibilities

• Oversee NAV finalization process for private funds trading a credit strategy.
• Review management and performance fees calculations.
• Liaise with internal teams including Operations and Investor Relations.

Skills

Public accounting experience

Attention to detail

Excellent communication skills

Advanced Excel skills

Time management

Education

BS (or above) in Accounting or Finance

Job description

Overview

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, X, and Instagram.

Job Description

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.

Responsibilities

• Oversee the NAV finalization process, including P&L reconciliation and allocation to investors, for open-ended and closed-ended private funds trading a credit strategy; investigate and resolve discrepancies with third party fund administrators and internal teams
• Review and reconcile the calculation and payment of management and performance fees in accordance with the funds’ governing documents
• Review capital calls and distributions allocations and notifications
• Approve client capital account statements generated by third party administrators
• Review annual audited financial statements and coordinate with external auditors for the year-end audit process
• Prepare or review performance reporting, Blackstone reporting deliverables, and other ad hoc client or management requests
• Prepare and/or review regulatory reporting, investor letters, and custom client reporting
• Liaise with various internal teams including Operations, Investor Relations, Management Reporting, Tax, and Legal and Compliance
• Oversee offshore and onshore resources to ensure accurate and timely preparation of files and provide additional training/professional development as needed
• Approve expense allocations, operating expense budgets, and vendor expense payments
• Review fund legal documents and continue to streamline or build processes and templates
• Attend client meetings where you are discussing Blackstone products and client questions; market Blackstone funds to new or existing clients; supervise or train securities licensed employees; structure or create Blackstone funds/products; and advise on marketing plans prepared by a sales team or develop and/or contribute information for marketing materials

Qualifications

• 7+ years of public accounting, fund, or administrator experience
• BS (or above) in Accounting or Finance
• CPA or CFA preferred
• Experience with credit products (loans, CLOs, bonds, revolvers, delayed draws) is preferred
• Possesses a strong work ethic, personal and professional integrity, a positive attitude and genuine passion for excellence
• Ability to partner across teams, summarize issues, and develop recommendations or make decisions
• Independent worker / proactive self-starter
• Excellent interpersonal and communication skills, both written and verbal
• Excellent attention to detail/accuracy and analytical skills
• Ability to work in a dynamic, fast-paced environment and handle multiple projects
• Strong time management and multi-tasking skills
• Advanced Excel skills required

Salary and Benefits

Expected annual base salary range: $150,000 - $200,000. Actual base salary within that range will be determined by several components including 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 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.

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. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

Reasonable Accommodation

If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), [phone] (EMEA) or [phone] (APAC).

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.

Licenses and Client-Facing Roles

• Attending client meetings where you are discussing Blackstone products and 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