Lux Finance & Governance - Associate

Blackstone; New York (NY); On-site; USD 120,000 - 150,000; Full time

Job summary

An established industry player is seeking a talented Associate to join their Finance team in New York. This role involves supporting the growth of the Luxembourg fund platform, ensuring compliance and governance for managed funds. You will collaborate with senior stakeholders and play a key role in fund administration, tax compliance, and regulatory reporting. If you have a strong background in financial services and a passion for problem-solving, this is an exciting opportunity to contribute to a dynamic and growing organization. Join a firm that values innovation and teamwork, and help shape the future of finance!

Qualifications

• 4+ years of experience in financial services, preferably with Big 4.
• Strong understanding of alternative industry operations and regulations.

Responsibilities

• Onboard new funds and assist with fund administration processes.
• Conduct due diligence on fund administrators and maintain compliance.

Skills

Financial Services Experience

Project Management Skills

Leadership Skills

Communication Skills

Attention to Detail

Collaborative Team Player

Proactive Problem Solving

Education

Bachelor’s Degree in Finance

Bachelor’s Degree in Economics

Bachelor’s Degree in Accounting

Tools

MS Excel

MS PowerPoint

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 www.blackstone.com. Follow @blackstone onLinkedIn,Twitter, andInstagram.

Job description

The Firm is looking to recruit an Associate for a new role and to be a part of a team which will lead Finance efforts in growing the Luxembourg fund platform, ensuring compliance and good governance is maintained for all funds managed by BEFM (Blackstone Europe Fund Management) and an efficient operating model is in place for NY finance teams. The role has arisen due to the increased growth of the Luxembourg fund business and the recent changes and growing complexity within the fund administration arena. The Associate will be a key part of the Perpetual Finance (PF) organization, working collaboratively with the SVP and AVP alongside the Global Fund Finance (GFF) leads and the Lux Finance Steering committee (Steerco) with an indirect reporting line to MD, Luxembourg Finance.

Responsibilities

1. Onboard New Funds
   1. At fund launch, help with review of the carried interest and management fees models, and prepare walkthrough memo
   2. Assist with review of process related to the preparation of the Capital Account Statement (F/S) and help document the analysis for BEFM’s review
   3. Assist with Fund Admin RFI if needed
2. Fund Admin Due Diligence and Ongoing Monitoring
   1. Assist with the due diligence on the fund administrators engaged by GFF/PF for Lux funds jointly with the BEFM FFO (Fund Finance Oversight), review answers, prepare report, and organize on-site visits
   2. Help to complete and coordinate the due diligence on BASP (GFF/PF) and organize on-site visits jointly with BEFM
   3. Prepare the KPIs reports, leveraging from GFF/PF’s issue log, for each delegate involved in BEFM Funds
   4. Ensure LP questions linked to the Lux funds fund admin operating model are answered consistently and in line with Luxembourg regulations
3. Tax compliance and regulatory reporting
   1. Assist in the coordination of VAT and tax returns process with each GFF/PF team and the Luxembourg tax/VAT advisor
   2. Ensure FATCA and CRS reporting for Funds is complete and documented
   3. Coordinate the LPA audits and AIFMD reporting from a US point of view (contact with Legal, Finance, legal advisors)
   4. Report to BEFM on all these activities on a regular basis
4. Governance
   1. Participation in BEFM Roadshows and any relevant training for US teams
   2. Maintain excellent relationship with BXTI and GFF/PF leads to enable BEFM to know how to leverage from automation initiatives at group level

Qualifications

1. 4+ years of relevant financial services industry experience (including prior experience in a Big 4 as a consultant or an auditor) with solid understanding of alternative industry operations
2. Bachelor’s degree in Finance, Economics, Accounting or similar discipline.
3. Interest in learning Luxembourg laws and regulations, as well as Luxembourg VAT and tax high level rules
4. US GAAP and Fund accounting knowledge a plus
5. Experience in due diligence or Fund administrator, at a depositary bank a plus
6. Collaborative team player with confidence to build relationships with senior stakeholders
7. Strong leadership skills
8. Project management skills
9. Superior communication skills, both written and verbal, with the ability to communicate with stakeholders at all levels
10. Highly organized, goal-oriented, and solutions focused
11. Great attention to detail and accountability for delivery
12. Proactive and interested in suggesting new, efficient solutions.
13. Proficiency in MS Excel and MS PowerPoint required (strong ability to produce creative, compelling, detailed reporting materials)
14. Strong interest in staying current on relevant technology

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.

Expected annual base salary range:

$120,000 - $150,000

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: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

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 email Human Resources at [e-mail].

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.