Fund Accounting Associate

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.

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Job Description:

Blackstone’s Global Fund Finance team is seeking a Fund Accounting Associate to join the team in support of business growth.

Responsibilities:

Primary Responsibilities:

Reviewing daily and monthly estimate and final fund NAVs.Preparing and reviewing capital calls and distributions allocations

Assist in tracking investment cost and monitoring the fair value of the investments

Preparation and oversight of quarterly NAV and portfolio reconciliation process; investigating and resolving discrepancies with internal operations teams

Calculating management fees, distributions, waterfall allocations, and IRRPreparing and reviewing fund forecasts, performance estimates, attributions, and other ad-hoc projects

Assisting in review of investor statements and internal reporting

Coordinating with external auditors for the year-end audit process

Overseeing and reviewing the work of the offshore team

Qualifications:

Blackstone seeks to hire individuals who are highly motivated, proactive, intelligent, and have demonstrated excellence in prior endeavors. The successful candidate should have:

BS (or above) in Accounting or Finance3+ years of fund, audit, or administrator experience / 3+ years of public or private accounting experience Experience in private equity and / or hedge funds and / or audit preferred

Knowledge of SEC / relevant regulatory filings for investment funds preferred CPA preferred

Strong Excel skills preferred

Excellent analytical, technical, and communication skills

Able to multi-task and effectively manage their own time.

A collaborative team player, always willing to assist colleagues.

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:$100,000 - $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 and benefits offered in connection with the roleconsist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole 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…