Fund Accounting Associate, Blackstone Alternative Asset Management (BAAM) DT
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
Blackstone Alternative Asset Management (BAAM -) manages
approximately $79 billion across a diversified set of businesses,
including a customized portfolio solutions business, a special
situations platform, a business that purchases GP stakes in
alternative asset managers, an open-ended mutual fund platform, and
an emerging manager seeding business. BAAM invests across a variety
of asset classes and strategies to create solutions for its
investors. Through its sharp focus on clients' goals, a rigorous
due-diligence process and access to Blackstone's global insights,
BAAM strives to generate attractive risk-adjusted returns across
market cycles while mitigating downside risk during stressed market
Blackstone's Global Fund Finance is seeking a Financial Associate
to assist in the production of monthly Net Asset Values and
reporting for the Hedge Fund Solutions platform.
Review daily and monthly estimate and final fund NAVs.
Understanding of accounting ledger data in order to review the
third-party fund administrator data, shadow books and
reconciliations to manage daily NAV generation.
Calculate management and complex incentive fees,
Work with the pricing team to determine valuation as needed for
fund holdings: listed domestic and foreign equities, listed and OTC
derivatives, structured credit, private investments.
Knowledge of SEC filings and Central Bank of Ireland and Luxembourg
for regulated alternative asset funds.
Coordinate with auditors for interim testing and audited financial
Review financial statements and disclosures to ensure compliance
with U.S. GAAP and SEC financial reporting requirement.
Assist with various ad-hoc reporting including RoRs, PnL, position
exposure and other analyses for senior management.
Assist with technology initiatives including reconciling data being
used in automation efforts.
Oversee expense budgeting, hedging and cash reconciliations,
certain client reporting functions, and fund structuring and
BS (or above) in Accounting or Finance
4+ years of fund, audit, or administrator experience / 4+ years of
public or private accounting experience
Experience in Alternative investments is preferred
Strong Excel skills preferred
Knowledge of fund accounting and operations
Excellent analytical, technical, and communication skills, and a
proven track record of developing and implementing innovative
solutions for complex product structures.
Able to multi-task and effectively manage their own time.
A collaborative team player, always willing to assist
Possesses a strong work ethic, personal and professional integrity,
and a positive attitude.
Organized, precise, self-motivated, individual who will thrive on
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:
$90,000 - $115,000 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
myGwork - LGBTQ+ professionals, the business community for LGBTQ+
students, inclusive employers & anyone who believes in workplace
Keywords: myGwork, Miami , Fund Accounting Associate, Blackstone Alternative Asset Management (BAAM) DT, Accounting, Auditing , Miami, Florida
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