Perpetual Finance - Fund Accountant - Assistant Vice President

Blackstone; New York (NY); On-site; USD 125,000 - 200,000; Full time

Job summary

An established industry player is seeking a Perpetual Finance Fund Accountant – Assistant Vice President to oversee fund accounting and reporting for core real estate funds. This role involves liaising with third-party administrators, managing financial deliverables, and ensuring compliance with regulations. The ideal candidate will have a strong background in fund administration, excellent collaboration skills, and a commitment to professional integrity. Join a dynamic team dedicated to creating positive economic impact and long-term value for investors and communities. This is a fantastic opportunity to contribute to a leading firm in the alternative asset management sector.

Qualifications

• 6+ years of experience in audit or fund administration is essential.
• Knowledge of investment company accounting and performance metrics required.

Responsibilities

• Manage fund accounting and reporting for real estate funds.
• Coordinate with auditors and ensure SOX compliance.
• Oversee offshore team and collaborate with internal departments.

Skills

Fund Accounting

Financial Reporting

Collaboration

Work Ethic

Professional Integrity

Dynamic Environment Adaptability

Education

BS in Accounting

CPA

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 Title:

Perpetual Finance Fund Accountant – Assistant Vice President

Job Description:

• Responsible for day-to-day activities related to the fund accounting and reporting of open-ended core real estate funds administered both externally and internally
• Liaise with third-party fund administrators regarding items including but not limited to cash, capital allocations, accruals and expense budgeting, financial statements, capital call drawdown notices, distributions, redemptions, and ad-hoc investor requests
• Review quarterly estimate and final fund NAVs
• Responsible for calculation of waterfall and incentive models
• Manage the expense process and compliance with fund LPAs and firm policies
• Responsible for financial deliverables associated with BX quarterly close
• Responsible for production of quarterly and annual fund partnerships’ GAAP financial statements
• Coordinate with external auditors for annual audit
• Review quarterly and annual financial regulatory reporting
• Coordinate with internal audit to ensure SOX compliance
• Collaborate with multiple internal teams including Tax, Acquisitions, Portfolio Management, Asset Management, Legal & Compliance, Investor Client Services, FP&A, Technology, and Treasury
• Responsible for management of offshore team

Qualifications:

• BS (or above) in accounting or finance
• CPA preferred
• 6+ years of audit, fund or administrator experience
• Experience with open-ended funds and the real estate industry is preferred
• Investment company accounting knowledge
• Knowledge of common industry performance metrics required
• A collaborative team player, always willing to assist colleagues
• Possess a strong work ethic and professional integrity
• Ability to work in a dynamic, fast-paced environment

Expected annual base salary range:

$125,000 - $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.

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