Fund Accounting AVP - Blackstone Real Estate Partners (BREP)
Posted on: January 26, 2023
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
www.blackstone.com . Follow @blackstone on LinkedIn , Twitter , and
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.
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
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
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
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
Support quarterly debt reporting process in coordination with
Blackstone seeks to hire individuals who are highly motivated,
intelligent and have demonstrated excellence in prior
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,
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
Ability to work in a dynamic environment and handle multiple
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
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
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students, inclusive employers & anyone who believes in workplace
Keywords: myGwork, Miami , Fund Accounting AVP - Blackstone Real Estate Partners (BREP), Accounting, Auditing , Miami, Florida
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