Portfolio Management - Valuations & Analytics, AVP

The Blackstone Group L.P.; Miami (FL); On-site; USD 110,000 - 150,000; Full time

Benefits offered by this job

Health benefits

Paid time off & 401(k)

Possible equity/bonus

Job summary

The Blackstone Group L.P. in the United States seeks a valuation professional to prepare, evaluate and summarize portfolio investment results for BSP secondary funds and BXCI’s insurance deals.

You will review capital statements, analyze trends and present findings to senior leaders in Finance. Responsibilities include applying ASC 820 guidance, building and presenting valuation models, coordinating with third-party firms, and supporting business forecasts with portfolio data.

Qualifications

• Bachelor’s degree in Finance, Economics, Accounting, or similar discipline (CFA and/or CPA a plus).
• 3+ years of private valuation experience in transaction services, a private equity fund, hedge fund or third-party valuation services provider or a comparable role.
• Understanding of ASC 820 and corresponding valuation guidance.
• In-depth understanding of discounted cash flow model and market multiples.

Responsibilities

• Prepare, evaluate, analyze, and summarize portfolio investment valuation results for BSP secondary funds and BXCI’s insurance deals.
• Review partners’ capital (“PCAP”) statements, aggregate results, analyze trends, and present performance of secondary funds.
• Prepare presentations, memos, and ad hoc analyses for senior leaders.
• Apply valuation methodologies in line with Blackstone’s valuation policy as well as requisite external guidance.
• Attend valuation committee meetings and other meetings with senior stakeholders and present to leaders in Finance, BSP, and BXCI.
• Become a subject matter expert in secondary and insurance fund models, performance metrics, and valuations.
• Drive the onboarding process for technology and offshore team members and ensure proper data collection procedures are in place.
• Coordinate valuation reviews with third-party valuation firms and respond to third-party firm inquiries.
• Assist in presenting valuation results to internal committees, external auditors, and limited partners.
• Work closely with BSP’s and BXCI’s finance teams to provide inputs and portfolio investment information for business forecasts and planning deliverables.
• Maintain relationships with Asset Management, deal professionals, Investor Relations, Operations, Accounting, and Finance teams.

Skills

MS Excel

MS PowerPoint

Financial modeling

Oral and written communication

Presentation skills

Interpersonal skills

Education

Bachelor’s Degree in Finance/Economics/Accounting

Tools

iLevel

73 Strings

Job description

Responsibilities

• Prepare, evaluate, analyze, and summarize portfolio investment valuation results for BSP secondary funds and BXCI’s insurance deals.
• Review partners’ capital (“PCAP”) statements, aggregate results, analyze trends, and present performance of secondary funds.
• Prepare presentations, memos, and ad hoc analyses for senior leaders.
• Apply valuation methodologies in line with Blackstone’s valuation policy as well as requisite external guidance.
• Attend valuation committee meetings and other meetings with senior stakeholders and present to leaders in Finance, BSP, and BXCI.
• Become a subject matter expert in secondary and insurance fund models, performance metrics, and valuations.
• Drive the onboarding process for technology and offshore team members and ensure proper data collection procedures are in place.
• Coordinate valuation reviews with third-party valuation firms and respond to third-party firm inquiries.
• Assist in presenting valuation results to internal committees, external auditors, and limited partners.
• Work closely with BSP’s and BXCI’s finance teams to provide inputs and portfolio investment information for business forecasts and planning deliverables.
• Maintain relationships with Asset Management, deal professionals, Investor Relations, Operations, Accounting, and Finance teams.

Qualifications

• Bachelor’s Degree in Finance, Economics, Accounting, or similar discipline (CFA and/or CPA a plus).
• 3+ years of private valuation experience in transaction services, a private equity fund, hedge fund or third-party valuation services provider or a comparable role.
• Capability to work in a dynamic environment that requires recurring deliverables and projects to support a growing business.
• Understanding of ASC 820 and corresponding valuation guidance.
• In-depth understanding of discounted cash flow model and market multiples.
• Strong interpersonal skills, high EQ, and proven capability to handle interactions with deal professionals, Asset Management, and portfolio company representatives.
• Excellent oral and written communication skills.
• Confidence presenting to large groups.
• Proficiency in MS Excel and MS PowerPoint required.
• Proficiency in iLevel, 73 Strings, or a similar platform is a plus.

Securities License Requirements

• Depending on the position, you may be required to obtain certain securities licenses if you are client‑facing and/or engaged in activities such as attending client meetings, marketing Blackstone funds, supervising or training securities‑licensed employees, structuring or creating Blackstone funds/products, or advising on marketing plans prepared by a sales team.

Benefits

• Comprehensive health benefits, including medical, dental, vision and FSA benefits.
• Paid time off; life insurance; 401(k) plan; and discretionary bonuses.
• Possible equity and other incentive compensation at Blackstone’s discretion.

Salary

Expected annual base salary range: $110,000 - $150,000.

Additional Information

The duties and responsibilities described here are not exhaustive and additional assignments may be required.

EEO Statement

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 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.