Real Estate Finance – Transactions & Accounting Policy, AVP

Blackstone; New York (NY); On-site; USD 120,000 - 200,000; Full time

Job summary

An established industry player is seeking a skilled AVP for Real Estate Finance, focusing on accounting policy and strategic analysis for transactions. This role offers the opportunity to work closely with investment professionals and senior finance leaders, ensuring compliance with accounting standards while impacting critical performance metrics. Join a dynamic team that values detail-oriented professionals who thrive in a fast-paced environment. If you have a strong accounting background and a passion for real estate, this is the perfect opportunity to advance your career in a global leader in real estate investing.

Qualifications

• 6+ years of public/private accounting experience required.
• Experience with public companies and historical-cost accounting is essential.
• CPA certification is mandatory.

Responsibilities

• Determine property accounting treatment of unique transactions.
• Ensure accounting policies align with BREIT’s requirements.
• Prepare ad hoc analysis as required by senior management.

Skills

Accounting

Finance

Public Accounting

SEC Reporting

Communication Skills

Detail-oriented

Time Management

Education

Bachelor’s Degree in Accounting or Finance

Job description

Real Estate Finance – Transactions & Accounting Policy, AVP

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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 on LinkedIn, Twitter, and Instagram.

Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $315 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, data centers, residential, office and hospitality. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT). Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).

Job Title: Real Estate Finance – Transactions & Accounting Policy, AVP

BREIT is one of the largest real estate investment vehicles in the world, with real estate investments diversified across eight sectors, each of which are managed by sector-specific portfolio companies. In this role, the AVP will be focused on accounting policy for BREIT and its affiliated portfolio companies with a focus on new transactions, policy implementation, and strategic analysis on how accounting decisions impact critical performance metrics and disclosures. The AVP will spearhead multiple projects at one time, employing a range of skillsets and spend significant time with members of the firm’s real estate group across the US, including the acquisitions, asset management, strategy and legal/compliance teams.

Responsibilities:

• Determine property accounting treatment of unique and complex transactions, in partnership with investment professionals and senior BREIT finance leaders
• Ensure the accounting policies of portfolio companies align with BREIT’s policies
• Assist with onboarding of newly acquired portfolio companies to ensure framework for monthly reporting and SOX controls are aligned with BREIT requirements
• Liaise with Blackstone Real Estate portfolio companies to ensure the accuracy of underlying monthly property results
• Partner with others in BREIT finance to ensure new transactions are appropriately disclosed in SEC reporting and key performance metrics
• Partner with others in BREIT Finance to strike the monthly NAV
• Coordinate with internal and external auditors
• Analyze new accounting standards to determine impact on BREIT
• Prepare ad hoc analysis as required by senior management

Qualifications:

• Bachelor’s Degree (or above) in Accounting or Finance
• 6+ years of public/private accounting experience
• Experience with public companies and historical-cost accounting is required
• Experience with public REITs and SEC registrants is preferred
• Strong written and verbal communication skills
• Ability to work effectively in a dynamic professional culture
• Detail-oriented with strong work ethic; ability to multi-task and execute a wide range of assignments; strong time management skills
• CPA is required

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 - $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: 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.

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.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Accounting/Auditing

• Industries

  Financial Services, Venture Capital and Private Equity Principals, and Real Estate

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