Blackstone Real Estate Partners - Investment Operations - Associate

Blackstone Real Estate Partners – Investment Operations – Associate

The Operations Group supports all aspects of fund and investment operations for Blackstone’s opportunistic real estate funds. The individual collaborates closely with accounting, tax, valuations, asset management, portfolio company leadership, and external advisors to oversee operational execution, ensure compliance, and drive process efficiency across the platform.

• Partner with investment teams, fund counsel, tax advisors, and portfolio company management to support investment transactions.
• Serve as a primary liaison for investor inquiries related to fund activities.
• Liaise with fund accounting, investor services, legal, tax and finance teams to source information for specific investors for LP performance summaries and various requests.
• Coordinate with fund accountants on deal transaction accounting.
• Manage capital calls, line‑of‑credit capacity, and covenant compliance.
• Review capital call and distribution memos for accuracy and compliance.
• Oversee expense processes in accordance with LPAs and firm policies.
• Manage SPV‑level accounting for U.S. opportunistic deals.
• Partner with Institutional Client Solutions on investor relations and due diligence deliverables.
• Interpret and apply LPA provisions to operational decisions.
• Coordinate with internal and external auditors.
• Design, implement, and maintain scalable processes across the real estate operating platform.
• Oversee assignments for both New York and offshore operations teams.
• Review and analyze internal reporting to the Real Estate COO and CFO on fund metrics, dry powder, and liquidity; recommend actions based on findings.
• Monitor fund LPA limitations and ensure adherence to credit‑agreement covenants.
• Collaborate on a daily basis with team members and COE team to provide guidance, training, and opportunities to enhance processes.
• Lead special projects and respond to ad hoc internal requests.

• Bachelor’s Degree in Accounting or Finance.
• 3+ years of experience in public accounting, private‑equity fund accounting, or private‑equity fund operations.
• Strong technical accounting, analytical, and organizational skills.
• Detail‑oriented with ability to manage multiple projects and deadlines.
• Strong relationship‑building and communication skills across levels, functions and regions.
• Self‑starter with autonomy to drive initiatives.
• Advanced proficiency in Microsoft Office (Excel, Word, PowerPoint).

Expected annual base salary range: $110,000 - $150,000.

Additional compensation and benefits include:

• Comprehensive health benefits (medical, dental, vision, FSA)
• Paid time off
• Life insurance
• 401(k) plan
• Discretionary bonuses
• Possibility of equity and other incentive compensation at Blackstone’s discretion.

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.