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Fund Accounting AVP - Blackstone Real Estate Partners (BREP)

Company: myGwork
Location: Miami
Posted on: January 26, 2023

Job Description:

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 $951 billion 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 . Follow @blackstone on LinkedIn , Twitter , and Instagram .

Position Description: This position will be involved in investment operations, financial reporting and accounting for Blackstone Real Estate Partners ("BREP") fund investments in the Americas.
Specific Responsibilities:
Responsible for property and SPV-level operational activities including credit facility maintenance, deal funding, investor funding, and deal expense management.
Maintain and reconcile cash activity for more than 300+ SPV level bank accounts for investments in the Americas.
Liaise with asset management, portfolio company teams, and fund accountants to manage the quarterly BREP distribution process which includes Management SBS/Promote calculations and maintaining the Global BREP fund distribution tracker.
Responsible for the BREP SPV tax TB reporting process.
Explore opportunities to improve and streamline strategic processes across various BREP SPV functions.
Work with Legal & Compliance team to ensure new initiatives/processes are in compliance with BREP fund terms and requirements.
Manage, train, and develop the support team in India ("COE") to assist with day-to-day operations.
Assist in the management of public equity and debt securities holdings including securities transaction settlements, interest and dividend tracking, custody account openings/closings, transaction reconciliations, cost-basis tracking, maintaining distribution support, and cash flow forecasting.
Produce quarterly liquidation slides detailing outstanding action items to liquidate/dissolve remaining investments in legacy funds.
Support the Asset Management team in an operational capacity for all BREP investments in the Americas.
Assist with deal-specific audit documentation requests, political donation tracking, quarterly debt reporting, and regulatory reporting.
Support the Expense Management process including onboarding of new payee wire instructions and coordinating vendor payments with the BX Procurement team, along with maintaining deal project codes and settling intercompany payable/receivables with internal paying agents.
Support quarterly debt reporting process in coordination with valuations team.
Blackstone seeks to hire individuals who are highly motivated, intelligent and have demonstrated excellence in prior endeavors.
6+ years of Big 4 experience in the private equity industry (Preferably private equity experience)
Undergraduate degree in Accounting
CPA or graduate degree preferred
Proficient knowledge of Microsoft Office Suite (Excel, Word, PowerPoint)
Strong analytical skills, detail oriented and highly organized
Possesses a strong work ethic, personal and professional integrity, and a positive attitude
Strong oral and written communication skills and the ability to persuade
Ability to work in a dynamic environment and handle multiple projects

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:
$100,000 - $165,000 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 contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (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.

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.

This employer is a corporate member of
myGwork - LGBTQ+ professionals, the business community for LGBTQ+ professionals,
students, inclusive employers & anyone who believes in workplace equality.

Keywords: myGwork, Miami , Fund Accounting AVP - Blackstone Real Estate Partners (BREP), Accounting, Auditing , Miami, Florida

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