Real Estate - Portfolio Management (Valuations), Associate

Blackstone; New York (NY); Sur place; USD 125 000 - 160 000; Plein temps

Résumé du poste

Blackstone is seeking an Associate to support its global Real Estate valuations effort. The role coordi­nates US valuations, consolidates global results, and delivers summary materials to internal and external stakeholders.

You will collaborate with asset management, finance and portfolio teams to execute the monthly/quarterly valuation process, present findings, and help shape valuation strategies and related projects.

Qualifications

• 2+ years; Strong technical background in valuations-related role (preferably in execution of DCF valuations).
• Experience executing files and presentations in fast moving and dynamic environment.
• Inquisitive /critical thinker.
• Collaborative approach, with confidence engaging directly with Asset Management and other stakeholders on behalf of the Valuations team to drive outcomes.
• Strong organizational skills, with sound judgment in managing competing priorities. Can take notes and distill to senior leaders in crisp and clear format.
• Team player, excellent interpersonal skill.

Responsabilités

• Product and Investment Knowledge: Become proficient in Blackstone Real Estate’s global funds and investments, with particular focus on valuation practices.
• Valuation Outcomes and Assumptions: Analyze and present valuation outcomes produced from a discounted cash flow approach by property, investment, market and/or sector, globally.
• Valuations Process: Coordinate and deliver monthly/quarterly internal valuations with asset management, finance and portfolio companies.
• Internal Reporting: Oversee and execute quarterly valuation materials and supporting analysis for senior leaders.
• Special Projects: Support global projects relating to valuation strategies and process, new products, and third-party service providers.

Connaissances

Valuations

DCF valuations

Analytical skills

Stakeholder engagement

Organizational skills

Team player

Communication

Description du poste

Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds.

Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Business Unit Overview

Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $314 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: Associate

Job Description

This professional will be responsible for strategic support of the valuations effort and its related functions globally across Blackstone’s opportunistic and core+ strategies. The Associate will play a key role in Blackstone Real Estate’s valuations effort. This will involve a) coordination of the execution and outcomes of U.S. valuations, b) consolidation and analysis of global valuations outcomes, and c) execution of summary valuation-related materials and analysis. The role will involve partnership in coordinating key internal and external processes, consolidating and analyzing outcomes and metrics as well as delivering supporting documentation and materials to internal and external stakeholders. This professional will work closely with members asset management, finance, fund-specific and portfolio company teams to execute and enhance the overall valuation process and deliverables globally.

Responsibilities

• Product and Investment Knowledge: Become proficient in Blackstone Real Estate’s global funds and investments, with particular focus on valuation practices.
• Valuation Outcomes and Assumptions: Work collaboratively across teams and vehicles to analyze and present valuation outcomes produced from a discounted cash flow approach by property, investment, market and/or sector, globally, to drive thematic monthly or quarterly valuation results.
• Valuations Process: Partner with asset management, finance and portfolio companies to coordinate and deliver monthly and / or quarterly internal valuations. Assist with the proper closure of key third-party processes, including appraisal, independent valuation advisor and audit.
• Internal Reporting: Oversee and execute quarterly valuation materials and supporting analysis to present results, requiring the aggregation and synthesis of large sets of data both internally and externally.
• Special Projects: Support global special projects relating to valuation strategies and process, new products, appraisals and third-party service providers.

Qualifications

Blackstone seeks to hire individuals who are highly motivated, and have demonstrated excellence in prior endeavors. In addition to strong analytical and quantitative skills, the successful candidate should have:

• 2+ years; Strong technical background in valuations-related role (preferably in execution of DCF valuations)
• Experience executing files and presentations in fast moving and dynamic environment
• Inquisitive /critical thinker
• Collaborative approach, with confidence engaging directly with Asset Management and other stakeholders on behalf of the Valuations team to drive outcomes
• Strong organizational skills, with sound judgment in managing competing prioritiesCan take notes and distill to senior leaders in crisp and clear format
• Team player, excellent interpersonal skill

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

$125,000 - $160,000

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 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.