Fund Accounting AVP - Blackstone Alternate Asset Management (BAAM) SAF Funds

Company: myGwork
Location: Trenton
Posted on: January 26, 2023

Job Description:

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 $951 billion 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:
Blackstone's Global Fund Finance is seeking an Assistant Vice President to assist in the production of monthly financial reporting for various fund structures including drawdown and hybrid fund structures managed by the Hedge Fund Solutions platform. Responsibilities include calculations of estimated NAVs, reconciliation of final NAVs, processing of investor payments, oversight of expense budgeting, hedging and cash reconciliations, certain client reporting functions, and fund structuring and restructuring.
Candidates should have 6+ years of public or private accounting experience. Candidates should exhibit strong technical and analytical skills as well as exceptional communication skills and a proven track record of developing and implementing innovative solutions for complex product structures.
Candidates should be enthusiastic, self-motivated, and team-oriented individuals who will thrive on challenge in a dynamic environment.
Responsibilities:
Accounting
Produce and review monthly estimate and final fund NAV's and investor allocations using Investran and proprietary systems
Review the calculation of and pay management and performance fees
Review and reconcile client capital statements generated by third party administrators
Analyze and perform NAV reconciliations with various third party administrators and custodians
Assist team members in responding to client requests
Generate customized client reporting including calculation of time weighted returns and IRRs
Provide monthly revenue reporting and assist in review of projections
Assist in the setup and launch of new products and funds
Perform cash flow analysis reporting to support the investment process
Prepare and reconcile capital call and distribution calculations and review investor notices
Work with offshore resources to ensure accurate and timely input of journal entries and preparation of reconciliation files and provide additional training when needed
Collaborate with Operations teams including Middle Office, Pricing, Financial Reporting, Management Reporting, Legal and Compliance, and Regulatory Reporting
Review annual audited financial statements
Utilize technology and outsourced solutions to enhance efficiencies and controls
Oversee service providers to achieve superior service
Work with reporting teams to properly present data in audited financial statements and regulatory filings
Review legal documents for fund accounting process considerations
Qualifications:
BS (or above) in Accounting or Finance
6+ years of fund, audit, or administrator experience
CPA preferred
Experience with PE, hedge fund and / or FoHF investing
Investran experience strongly preferred
Strong Excel skills 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:
$100,000 - $165,000 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 contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).
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.

This employer is a corporate member of
myGwork - LGBTQ+ professionals, the business community for LGBTQ+ professionals,
students, inclusive employers & anyone who believes in workplace equality.

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