Global Fund Finance – Insurance, Assistant Vice President

The Blackstone Group L.P.; New Jersey; On-site; USD 150,000 - 200,000; Full time

Benefits offered by this job

Health benefits

Paid time off

401(k) plan

Discretionary bonuses

Job summary

A leading alternative asset manager is seeking an experienced financial professional to oversee portfolio reconciliations and manage capital calls at their New Jersey location. Ideal candidates should possess at least 7 years of relevant experience in accounting or finance, preferably with a CPA or CFA certification. The role offers a competitive salary range of $150,000 - $200,000, complemented by comprehensive health benefits and the opportunity for discretionary bonuses. Candidates must have strong analytical and communication skills.

Qualifications

• 7+ years of public accounting or fund administrator experience.
• CPA and/or CFA preferred.
• Experience with credit products preferred.

Responsibilities

• Oversee monthly/quarterly portfolio reconciliation processes.
• Approve/prepare investor capital calls and management fee calculations.
• Coordinate with internal/external resources to optimize efficiencies.

Skills

Strong work ethic

Excellent attention to detail

Analytical skills

Interpersonal and communication skills

Education

BS in Accounting or Finance

Job description

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 . Follow @blackstone on , , and .**Job Description:*** 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 projectsThe 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:**$150,000 - $200,000Actual 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.