Fund Accounting Assistant Vice President, Blackstone Alternative Asset Management (BAAM) DT

Company: myGwork
Location: Miami
Posted on: January 28, 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 .

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 environments.
Job Description:
Blackstone's Global Fund Finance is seeking an Assistant Vice President to assist in the production of monthly Net Asset Values and reporting for the Hedge Fund Solutions platform.
Responsibilities
Calculate and review monthly estimate and final Fund NAVs
Review and analyze NAV reconciliations with various third-party administrators and custodians
Review and reconcile the calculation of and pay management and performance fees
Review and reconcile client capital statements generated by third-party administrators
Review and reconcile fund foreign currency exposure and coordinate hedging
Assist and coordinate team members in responding to client requests
Review customized client reporting including calculation of time weighted returns and IRRs
Review monthly revenue reporting and assist in review of projections
Assist in the setup and launch of new products and Funds
Review cash flow analysis reporting to support the investment process
Review capital call and distribution calculations and review investor notices
Collaborate with offshore resources with NAV production
Collaborate with Operations teams including Middle Office, Pricing, Financial Reporting, Management Reporting, Legal and Compliance, and Regulatory Reporting
Process investor payments
Utilize technology and outsourced solutions to enhance efficiencies and controls
Oversee service providers to achieve superior service
Oversee expense budgeting, hedging and cash reconciliation, certain client reporting functions, and fund structuring and restructuring Work with reporting teams to properly present data in audited financial statements and regulatory filings
Review legal documents for fund accounting process considerations
Train, develop and lead 2-3 analysts as part of a fund coverage team
Qualifications:
BS (or above) in Accounting or Finance
6+ years of public or private accounting experience / 6+ years of fund, audit, or administrator experience
CPA, and/or CFA preferred
Experience with PE, hedge fund and / or FoHF investing preferred
Strong understanding of accounting ledger data
Accounting systems experience strongly preferred
Strong Excel skills
Excellent technical, analytical and communication skills, with a demonstrable 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 colleagues
Organized, precise, and self-motivated individual who will thrive on challenge in a dynamic environment

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.

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