Fund Accounting Associate, Blackstone Credit Drawdowns
Company: myGwork
Location: Miami
Posted on: January 26, 2023
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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:
Preparation and oversight of quarterly NAV and portfolio
reconciliation process; investigating and resolving discrepancies
with internal operations teams
Prepare quarterly and annual Fund financial statements
Maintain detailed capital account balances for partners
Preparing and reviewing capital calls and distributions
allocations
Calculating management fee, distributions, waterfall allocations,
and IRR
Preparing and reviewing expense allocations and payments
Assist in tracking investment cost and monitoring the fair value of
the investments
Maintaining information and reconciling loan investments and debt
financings in Investran to internal Ops system.
Preparing and reviewing fund forecasts, performance estimates,
attributions, and other ad-hoc projects
Overseeing the calculations and managing wire payments for various
firm revenues, including management fees, carried interest and / or
incentive fees
Reviewing fund legal documents and assisting in building processes
and templates for new fund launches
Liaising with the Investment and Operation teams to review and
enhance internal and investor reporting
Assisting in review of investor statements and internal
reporting
Coordinating with external auditors for the year-end audit
process
Overseeing and reviewing the work of the offshore team
Assist in the preparation of templates, which will be included in
Blackstone's quarterly filing and / or press release
Qualifications:
Advanced Excel skills required
3+ years of public accounting / private equity experience,
preferably Big 4 and asset management
CPA preferred
Commitment to excellence in work product
Strong time management skills
Independent worker/ self-starter
Strong desire to learn
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 Drawdowns, Accounting, Auditing , Miami, Florida
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