Expense Accounting, Associate

Overview

Blackstone is a global alternative asset manager focused on providing long‑term value to investors and companies across private equity, real estate, credit, and more. The Expense Accounting team supports corporate finance functions across all business units and is responsible for accounting, forecasting, and analysis of the firm’s support groups.

• Manage month‑end close activities including journal entries, account reconciliations, work papers, allocations, and balance sheet/P&L analysis.
• Execute and monitor the monthly expense allocation process across all business units.
• Support budgeting and forecasting for operating expenses across business units.
• Oversee U.S. fixed asset accounting and asset management.
• Perform broker‑dealer accounting, including revenue coordination with deal teams, expense tracking, work papers, and regulatory reporting.
• Collaborate with internal and external auditors during the year‑end audit process.
• Lead or support automation, process improvement, control enhancements, and system‑related projects.
• Utilize reporting systems and tools to fulfill ad‑hoc analysis and reporting requests with strong attention to detail.
• Manage balance sheet activities, including cash reconciliations, intercompany reconciliations and settlements, and ownership/review of key accounts.
• Conduct income statement analysis, including trend analysis and review of overhead allocations across businesses.

• Undergraduate degree in Accounting or Finance.
• 3+ years of experience in public or corporate accounting, preferably within financial services.
• Strong technical, analytical, and interpersonal skills.
• Advanced proficiency in MS Excel and PowerPoint.
• Motivated, results‑oriented self‑starter with high attention to detail who can manage tasks independently.
• Interest in process improvement and efficiency initiatives.
• Preferred: CPA, broker‑dealer experience, Series 99, and familiarity with Oracle/Essbase.

Expected annual base salary range: $90,000 – $125,000 (packages determined by experience, qualifications, and location).

Benefits include comprehensive health coverage (medical, dental, vision, and FSA), paid time off, life insurance, 401(k) plan, discretionary bonuses, and potential equity or incentive compensation at Blackstone’s discretion.

• Some roles may require securities licenses (e.g., Series 99) if client‑facing or involved in marketing, structuring, or supervising licensed employees.

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 recruiting personnel and hiring managers, are required to abide by this policy.