The Blackstone Group L.P.
Fund Accounting - Private Equity - Associate
The Blackstone Group L.P., Trenton, New Jersey, United States,
Global Fund Finance - Private Equity - Associate page is loaded
Global Fund Finance - Private Equity - Associate
Apply
locations
New Jersey
time type
Full time
posted on
Posted 2 Days Ago
job requisition id
32775
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 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 Title:Global Fund Finance – Private Equity, AssociateJob
Description:The Global Fund Finance - Private Equity Finance and Accounting group is responsible for the fund performance reporting and all aspects of accounting related to the Blackstone Private Equity funds. The group mainly provides support to the front office professionals, addressing a variety of investor relations matters, and works with business development on new Funds and products. Additionally, the team supports Blackstone’s internal marketing group and primarily deals with statistical and performance related data.Key responsibilities may include but are not limited to:Assist with reviewing daily cash and investment activity
Monitoring and reporting on credit facility activity
Preparation of capital drawdowns
Preparation of distributions
Review of waterfall calculations
Review of management fee calculations and billing statements
Preparation of quarterly and audited annual reports, including financial footnotes
Assist in
reviewing quarterly
capital account statements
Work with technology teams to improve system functionality and validate enhancements
Liaise with investors
Read and interpret LPAs
Assist in onboarding of new funds
Work with internal valuation team to ensure data completeness
Work with Tax compliance to ensure accurate Investor reporting
Review fund external compliance deliverables, such as Form PF and AIFMD
Assist with special projects and internal ad hoc
requests
Qualifications:Ideal candidate would have a commitment to excellence in their work product, strong time management skills, and a desire to learn.Bachelor’s degree in Accounting
CPA (preferred, not required)
5+ years of related experience in public accounting and/or private equity fund administration
Strong technical accounting skills
Strong analytical skills and attention to detail
Ability to work in a fast paced professional environment and handle multiple projects and deadlines
Ability to build relationships and communicate effectively across multiple levels, functions and locations
Effectively work and communicate with members of the team to ensure established deadlines are being met in an efficient, accurate, thorough and neat manner
Desire to implement process improvement opportunities
Microsoft Office (Excel, Word and PowerPoint)
A self-starter with the ability to work autonomously
Investran knowledge (preferred, not
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:$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; 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.Similar Jobs (5)
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Global Fund Finance - Private Equity - Associate
Apply
locations
New Jersey
time type
Full time
posted on
Posted 2 Days Ago
job requisition id
32775
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 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
,
, and
.
Job Title:Global Fund Finance – Private Equity, AssociateJob
Description:The Global Fund Finance - Private Equity Finance and Accounting group is responsible for the fund performance reporting and all aspects of accounting related to the Blackstone Private Equity funds. The group mainly provides support to the front office professionals, addressing a variety of investor relations matters, and works with business development on new Funds and products. Additionally, the team supports Blackstone’s internal marketing group and primarily deals with statistical and performance related data.Key responsibilities may include but are not limited to:Assist with reviewing daily cash and investment activity
Monitoring and reporting on credit facility activity
Preparation of capital drawdowns
Preparation of distributions
Review of waterfall calculations
Review of management fee calculations and billing statements
Preparation of quarterly and audited annual reports, including financial footnotes
Assist in
reviewing quarterly
capital account statements
Work with technology teams to improve system functionality and validate enhancements
Liaise with investors
Read and interpret LPAs
Assist in onboarding of new funds
Work with internal valuation team to ensure data completeness
Work with Tax compliance to ensure accurate Investor reporting
Review fund external compliance deliverables, such as Form PF and AIFMD
Assist with special projects and internal ad hoc
requests
Qualifications:Ideal candidate would have a commitment to excellence in their work product, strong time management skills, and a desire to learn.Bachelor’s degree in Accounting
CPA (preferred, not required)
5+ years of related experience in public accounting and/or private equity fund administration
Strong technical accounting skills
Strong analytical skills and attention to detail
Ability to work in a fast paced professional environment and handle multiple projects and deadlines
Ability to build relationships and communicate effectively across multiple levels, functions and locations
Effectively work and communicate with members of the team to ensure established deadlines are being met in an efficient, accurate, thorough and neat manner
Desire to implement process improvement opportunities
Microsoft Office (Excel, Word and PowerPoint)
A self-starter with the ability to work autonomously
Investran knowledge (preferred, not
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:$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; 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.Similar Jobs (5)
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Posted 11 Days AgoAt Blackstone, we look to attract and retain the brightest minds in the business, hiring professionals across a wide range of disciplines. Our employees are integral to the firm’s identity, contributing to a culture of integrity, professionalism and excellence. It is their dedication and passion for their work that has helped Blackstone become a trusted partner for some of the largest institutional investors in the world.We encourage independent thinking and reward initiative, while providing services to help employees grow professionally. Our global business platform and brand reputation provide an unparalleled launch pad for growing your career.
#J-18808-Ljbffr