Global Fund Finance – Credit & Insurance, Assistant Vice President

The Blackstone Group L.P.; New Jersey; On-site; USD 130,000 - 200,000; Full time

Job summary

The Blackstone Group L.P. seeks a seasoned finance professional to oversee monthly and quarterly portfolio reconciliation for separately managed accounts, approve investor capital calls, and manage management-fee calculations, with close collaboration across Investor Relations, Operations, and Compliance.

You will review performance metrics (IRR, total return), assist in audits, prepare budgets and expense analyses, and coordinate with offshore resources to streamline recurring deliverables.

Qualifications

• 7+ years of public accounting, fund, or administrator experience (prefer Big 4 and private asset management).
• CPA and/or CFA preferred.
• Experience with credit products (loans, CLOs, bonds, revolvers, delayed draws) is preferred.
• Strong work ethic, integrity, a positive attitude and passion for excellence.
• Ability to partner across teams, summarize issues, and develop recommendations or make decisions.
• Excellent interpersonal and communication skills, both written and verbal.
• Excellent attention to detail and analytical skills.

Responsibilities

• Oversee monthly/quarterly portfolio reconciliation for separately managed accounts.
• Approve/prepare recurring investor capital calls and manage fee calculations.
• Coordinate with internal/external Technology resources to automate recurring deliverables.
• Prepare and analyze portfolio performance metrics (total return/IRR, P&L) for senior management.
• Assist in responding to client and internal requests including Blackstone reporting deliverables.
• Ensure information is presented in regulatory filings such as Form ADV.
• Liaise with Investor Relations, Operations, Management Reporting, and Legal/Compliance.
• Collaborate with offshore resources to ensure timely preparation of files.
• Review fund/deal documents and assist in the setup of new products, funds or managed accounts.

Skills

Portfolio reconciliation

Investor reporting

Financial statement management

Budgeting & expenses

P&L analysis

IRR analysis

Regulatory filings

Cross-team collaboration

Vendor management

Fund documents review

Education

BS in Accounting or Finance

Job description

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.

• Oversee the monthly/quarterly portfolio reconciliation process for our separately managed accounts; investigate and resolve discrepancies with internal teams
• Approve/prepare recurring investor capital calls, prepare and reconcile the calculation and payment of management fees
• Manage the Audited Financial Statement process with our external administrator and auditor for our reinsurance mandates
• Prepare and review expense allocations, operating expense budgets, vendor expense payments, and monitor budgeted versus actual expenses
• Prepare and analyze portfolio and performance metrics such as total return/IRR, P&L, and other analyses for senior management
• Assist in responding to client and internal requests including Blackstone reporting deliverables
• Coordinate with internal/external Technology resources to automate recurring deliverables and optimize efficiencies
• Ensure information is properly presented in regulatory filings such as Form ADV
• Liaise with various internal teams including Investor Relations, Operations, Management Reporting, and Legal and Compliance
• Collaborate with and oversee offshore resources to ensure accurate and timely preparation of files and provide additional training when needed
• Review fund/deal documents/structures and assist in the setup of new products, managed accounts, and/or funds

Qualifications

• BS (or above) in Accounting or Finance
• 7+ years of public accounting, fund, or administrator experience, preferably Big 4 and private asset management
• CPA and/or CFA preferred
• Experience with credit products (loans, CLOs, bonds, revolvers, delayed draws) is preferred
• Possesses a strong work ethic, integrity, a positive attitude and genuine passion for excellence
• Ability to partner across teams, summarize issues, and develop recommendations or make decisions
• 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

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.

Salary and Benefits

Expected annual base salary range: $130,000 - $200,000. 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 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.

At Blackstone, we look to attract and retain the brightest minds in the business, hiring professionals across a wide range of disciplines. Our employees are integral to the firm's identity, contributing to a culture of integrity, professionalism and excellence. It is their dedication and passion for their work that has helped Blackstone become a trusted partner for some of the largest institutional investors in the world. We encourage independent thinking and reward initiative, while providing services to help employees grow professionally. Our global business platform and brand reputation provide an unparalleled launch pad for growing your career.