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Job Description: Blackstone is one of the world's leading investment firms. 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 asset management businesses, with over $430 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com . Follow Blackstone on Twitter @Blackstone .
The Tactical Opportunities Finance - Operations group is responsible for all aspects of fund administration operations related to Blackstone's private equity funds. Additionally, the group supports the private equity deal teams and internal marketing groups.
Key responsibilities will include but are not limited to:
Work closely with deal teams/fund counsel/tax advisors and portfolio company ("PC") management on investment transactions and support
Liaise with the fund accountants on deal transaction accounting for GAAP F/S
Manage the investment closing/sale funds flow process along-side the deal teams
Managing responsibilities and assignments delegated to the junior NY and offshore teams
Preparation of capital call and distribution memos
Preparation of internal reporting to COO, CFO and Head of Finance on fund metrics and dry powder schedules
Liaise with investors
Forecasting PC cash-flow and fund capital call needs
Reading and interpreting LPAs
Monitor fund LPA limit and deal certificate compliance
Manage capacity on the funds' credit lines as well as borrowing base compliance/covenants
Oversee the creation and maintenance of fund and investment structure charts and KYC/AML letters
Manage custody with 3rd party vendor, share/stock reconciliation and proxy voting process for fund investments
Liaise with external and internal auditors
Manage the expense process and compliance with LPA and firm policies
Work with technology team to improve automation/reporting of manual processes
Assist with special projects and internal ad hoc requests as needed
Qualifications: Ideal candidate would have a commitment to excellence in their work product, strong time management skills, and a desire to learn.
Bachelor's Degree in Accounting
6-8 Years of public accounting, fund accounting, or fund operations experience
Strong technical accounting skills
Strong analytical and organizational skills
Ability to work in a fast paced professional environment and handle multiple projects and deadlines
Ability to build relationships and communicate effectively across multiple levels, functions and locations
Effectively work and communicate with members of the team to ensure established deadlines are being met in an efficient, accurate and thorough manner
Desire to implement process improvement opportunities
A self-starter with the ability to work autonomously
Proficiency in Microsoft Office (Excel, Word and PowerPoint) required
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, disability, sexual orientation, national origin or any other category protected by law. 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).
The Blackstone Group and its affiliates provide equal employment opportunity to all qualified employees and applicants for employment regardless of 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 classification prohibited by applicable law.
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