Job Opportunity
Associate – Fund Accounting
Blackstone | New York, NY
Job Summary
Preparation and oversight of quarterly NAV and portfolio reconciliation process; investigate and resolve discrepancies with the internal operations teams. 2+ years of public accounting/private equity experience.
Details
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 https://www.blackstone.com/. Follow @blackstone on LinkedIn, Twitter, and Instagram.
Responsibilities:
* Preparation and oversight of quarterly NAV and portfolio reconciliation process
* Investigate and resolve discrepancies with the internal operations teams
* Prepare quarterly and annual fund financial statements
* Maintain detailed capital account balances for the partners
* Prepare and review capital calls and distributions allocations
* Calculate management fee, distributions, waterfall allocations, and IRR
* Prepare and review expense allocations and payments
* Assist in tracking investment cost and monitoring the fair value of the investments
* Maintain information and reconcile loan investments and debt financings in Investran to internal ops system
* Prepare and review fund forecasts, performance estimates, attributions, and other ad-hoc projects
* Oversee the calculations and manage wire payments for various firm revenues, including management fees, carried interest and/or incentive fees
* Review fund legal documents and assist in building processes and templates for new fund launches
* Liaise with the Investment and Operation teams to review and enhance internal and investor reporting
* Assist in review of investor statements and internal reporting
* Coordinate with the external auditors for the year-end audit process
* Oversee and review the work of the offshore team
* Assist in the preparation of templates, which will be included in Blackstone’s quarterly filing and/or press release
Qualifications:
* CPA preferred
* 2+ years of public accounting/private equity experience
* Advanced Excel skills required
* Commitment to excellence in work product
* Strong time management skills
* Independent worker/self-starter
* Strong desire to learn
Click here for details on this job
- Job Reference #: 23223
- Compensation: $ 140,000
- Min Experience: 2 years