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Fund Accounting Associate, Blackstone Credit Hedge Funds

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 www.blackstone.com . Follow @blackstone on LinkedIn , Twitter , and Instagram .

Job Description:
Coordinate the NAV finalization process, including P&L reconciliation and allocation to investors, for open-ended and closed-ended private funds, registered investment companies, UCITS funds, and separately managed accounts trading a credit strategy; investigate and resolve discrepancies with third party fund administrators and internal teams
Prepare and reconcile the calculation and payment of management and performance fees in accordance with the funds' governing documents
Prepare capital calls and distributions allocations and notifications
Review client capital account statements generated by third party administrators
Review annual audited financial statements and coordinate with external auditors for the year-end audit process
Prepare or review performance reporting, Blackstone reporting deliverables, and other ad hoc client or management requests
Ensure information is properly presented in regulatory filings including SEC filings for regulated mutual and UCITS funds, Form PF, and Form ADV
Liaise with various internal teams including Operations, Investor Relations, Management Reporting, Tax, and Legal and Compliance
Collaborate with and oversee offshore resources to ensure accurate and timely preparation of files
Prepare and review expense allocations, operating expense budgets, vendor expense payments, and monitor budgeted versus actual expenses
Review fund legal documents and continue to streamline or build processes and templates
Assist in the setup and launch of new products, managed accounts, and/or funds
Qualifications:
3+ years of public accounting, fund, or administrator experience
BS (or above) in Accounting or Finance
CPA or CFA preferred
Experience with credit products (loans, CLOs, bonds, revolvers, delayed draws) is preferred
Possesses a strong work ethic, personal and professional integrity, a positive attitude and genuine passion for excellence
Ability to partner across teams, summarize issues, and develop recommendations or make decisions
Excellent interpersonal and communication skills, both written and verbal
Excellent attention to detail/accuracy and analytical skills
Ability to work in a dynamic environment and handle multiple projects
Highly organized with strong time management and multi-tasking skills
Advanced Excel skills required

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 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 Associate, Blackstone Credit Hedge Funds, Accounting, Auditing , Miami, Florida

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