Blackstone Restaurant
Fund Accounting - Private Equity - Associate
Blackstone Restaurant, Jersey City, New Jersey, United States, 07390
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 www.blackstone.com. Follow @blackstone on LinkedIn, Twitter, and Instagram.
Job Description
The Private Equity Global Fund Finance group is responsible for the fund performance reporting and all aspects of accounting related to Blackstone's multi-asset private equity funds. The group's main responsibilities include all of the daily accounting, financial reporting and limited partner reporting for the funds. In addition, the group provides support to the front office professionals, addressing a variety of investor relations matters, as well as partners with the PE Finance team to support the fund Portfolio Management team.
Key Responsibilities for this position include:• Assisting with reviewing daily cash and investment activity• Monitoring and reporting on credit facility activity• Reviewing of journal entries and analysis of general ledger accounts• Coordination of capital calls and distributions• Reviewing of waterfall calculations• Reviewing of management fee calculations and billing statements• Preparation of quarterly and audited annual reports, including financial disclosures• Preparation of quarterly capital account statements• Preparation of quarterly corporate reporting package• Responding to investors inquiries• Managing all regulatory reporting filings, such as Form PF and AIFMD• Partnering with Tax compliance to ensure accurate data completeness• Assisting with special projects and internal ad hoc requests
Qualifications:• Bachelor's degree in Accounting• CPA / CPA Candidate• 3+ years of related experience in public accounting and/or private equity fund administration• Strong technical accounting skills• Strong analytical skills and detail oriented• Ability to work in a fast-paced professional environment and handle multiple projects• Ability to build working relationships across various departments with individuals at different experience levels• Highly motivated and self-starter• Strong oral and written communication skills• Proficiency in excel required• Investran experience preferred
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:
$105,000 - $140,000
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 email Human Resources at HR-Recruiting-Americas@Blackstone.com.
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; andAdvising 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.
Job Description
The Private Equity Global Fund Finance group is responsible for the fund performance reporting and all aspects of accounting related to Blackstone's multi-asset private equity funds. The group's main responsibilities include all of the daily accounting, financial reporting and limited partner reporting for the funds. In addition, the group provides support to the front office professionals, addressing a variety of investor relations matters, as well as partners with the PE Finance team to support the fund Portfolio Management team.
Key Responsibilities for this position include:• Assisting with reviewing daily cash and investment activity• Monitoring and reporting on credit facility activity• Reviewing of journal entries and analysis of general ledger accounts• Coordination of capital calls and distributions• Reviewing of waterfall calculations• Reviewing of management fee calculations and billing statements• Preparation of quarterly and audited annual reports, including financial disclosures• Preparation of quarterly capital account statements• Preparation of quarterly corporate reporting package• Responding to investors inquiries• Managing all regulatory reporting filings, such as Form PF and AIFMD• Partnering with Tax compliance to ensure accurate data completeness• Assisting with special projects and internal ad hoc requests
Qualifications:• Bachelor's degree in Accounting• CPA / CPA Candidate• 3+ years of related experience in public accounting and/or private equity fund administration• Strong technical accounting skills• Strong analytical skills and detail oriented• Ability to work in a fast-paced professional environment and handle multiple projects• Ability to build working relationships across various departments with individuals at different experience levels• Highly motivated and self-starter• Strong oral and written communication skills• Proficiency in excel required• Investran experience preferred
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:
$105,000 - $140,000
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 email Human Resources at HR-Recruiting-Americas@Blackstone.com.
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; andAdvising 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.