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VP – Fund Operations, Real Estate

Blackstone | New York, NY

Job Summary

Involved in operations, financial reporting, and fund accounting for the firm’s funds and its underlying investments. Undergraduate degree in Accounting, Finance or Economics. 10+ years of public accounting, private equity fund accounting, or private equity fund operations experience.

Details

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 $1.1 trillion 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 https://www.blackstone.com/. Follow @blackstone on LinkedIn, Twitter, and Instagram.

About the Position

* Business Unit: Global Fund Finance – Real Estate

This position will be involved in operations, financial reporting, and fund accounting for Blackstone Real Estate Partners funds (“BREP”) and its underlying investments.

Specific Responsibilities:

* Liaise with the Tax and the Fund Accounting team on transaction accounting
* Oversee quarterly production of SPV financial statements and trial balances / NAV packs
* Support fund-level operating activities including credit facility reports and preparation of quarterly compliance certificates
* Work with the Legal and Compliance team to ensure compliance with various fund policies and procedures including LPA limitations, side-letter agreements, and deal certificates
* Prepare fund- and investment-specific regulatory filings
* Plan, prepare and manage LP distribution process including coordination with the deal teams and preparation of LP memos
* Prepare internal reporting for the Real Estate COO & CFO on fund metrics; and provide analysis and recommend actions
* Oversee entity and expense management, inclusive of fund and entity dissolution processes
* Oversight of prompt responses to internal requests, investor requests, auditor requests, and ad-hoc projects by the team
* Oversee BREP’s public operations including FMV calculations, custody management, and proxy voting
* Manage, train and develop the staff both in the U.S. and India to assist with accounting and operational work
* Coordinate the testing and implementation of initiatives to improve and streamline fund operations functions

Qualifications:

* Undergraduate degree in Accounting, Finance or Economics
* CPA or graduate degree preferred
* 10+ years of public accounting, private equity fund accounting, or private equity fund operations experience
* Proficient knowledge of Microsoft Office Suite (Excel, Word, PowerPoint)
* Strong analytical skills, detail oriented and highly organized
* Strong work ethic, professional integrity, and positive attitude
* Ability to work in a dynamic environment and handle multiple projects
* Highly motivated, intelligent with demonstrated excellence in prior endeavors
* Strong oral and written communication and influencing skills

Click here for details on this job

  • Job Reference #: 35488
  • Compensation: $ 225,000
  • Min Education: BA/BS
  • Min Experience: 10 years

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