Fund Accounting AVP - Blackstone Alternate Asset Management (BAAM) SAF Funds
Company: myGwork
Location: Trenton
Posted on: January 26, 2023
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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.
Keywords: myGwork, Trenton , Fund Accounting AVP - Blackstone Alternate Asset Management (BAAM) SAF Funds, Executive , Trenton, New Jersey
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