Job Opportunity
AVP – Fund Accounting, Private Equity
Blackstone | New York, NY
Job Summary
Assist with reviewing daily cash and investment activity. Bachelor’s Degree in Accounting. 5+ years of related experience in public accounting or private equity fund administration.
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.
The Global Fund Finance – Private Equity Finance and Accounting group is responsible for the fund performance reporting and all aspects of accounting related to the Blackstone Private Equity funds. The group mainly provides support to the front-office professionals, addressing a variety of investor relations matters, and works with business development on new funds and products. Additionally, the team supports Blackstone’s internal marketing group and primarily deals with statistical and performance-related data.
Key Responsibilities:
* Assist with reviewing daily cash and investment activity
* Monitor and report on credit facility activity
* Preparation of capital drawdowns
* Preparation of distributions
* Review of waterfall calculations
* Review of management fee calculations and billing statements
* Preparation of quarterly and audited annual reports, including financial footnotes
* Assist in reviewing quarterly capital account statements
* Work with the technology teams to improve system functionality and validate enhancements
* Liaise with the investors
* Read and interpret LPAs
* Assist in onboarding of new funds
* Work with the internal valuation team to ensure data completeness
* Work with tax compliance to ensure accurate investor reporting
* Review fund external compliance deliverables, such as Form PF and AIFMD
* Assist with special projects and internal ad-hoc requests
Qualifications:
* Bachelor’s Degree in Accounting
* CPA (preferred, not required)
* 5+ years of related experience in public accounting and/or private equity fund administration
* Strong technical accounting skills
* Strong analytical skills and attention to detail
* Ability to work in a fast-paced professional environment and handle multiple projects and deadlines
* Ability to build relationships and communicate effectively across multiple levels, functions and locations
* Effectively work and communicate with members of the team to ensure established deadlines are being met in an efficient, accurate, thorough and neat manner
* Desire to implement process improvement opportunities
* Microsoft Office (Excel, Word and PowerPoint)
* Self-starter, with the ability to work autonomously
* Investran knowledge (preferred, not required)
* Ideally with commitment to excellence in their work product, strong time management skills, and a desire to learn
Click here for details on this job
- Job Reference #: 32775
- Compensation: $ 185,000
- Min Education: BA/BS
- Min Experience: 5 years