Job Description:
Firm Overview:
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 $554 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, 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 Twitter @Blackstone.
Business Unit: Real Estate, Finance
Business Description:
Blackstone is a global leader in real estate investing. Blackstone's real estate business was founded in 1991 and has $157 billion of investor capital under management. Blackstone is one of the largest property owners in the world, owning and operating assets across every major geography and sector, including logistics, multifamily and single family housing, office, hospitality and retail. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone's Core+ strategy invests in substantially stabilized real estate globally through regional open-ended funds focused on high-quality assets, and Blackstone Real Estate Income Trust, Inc. (BREIT), a non-listed REIT that invests in U.S. income-generating assets. Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).
Job Title: Blackstone Core+ Real Estate Finance, Vice President
Job Description:
The Real Estate ("RE") Finance Valuations Group performs analyses and financial reporting of RE results and strategic business initiatives.
- Manage quarterly valuation process for Blackstone's Core+ real estate funds, which includes global investments across multiple sectors, including Multifamily, Office, Retail and Industrial
- Manage the production of valuation materials across regional teams in accordance with Blackstone's quarterly valuation process
- Engage directly with Asset Management in preparing quarterly valuations, which includes financial modeling and valuation analysis
- Review / calculate fund level key performance metrics (i.e. IRRs, TWRs)
- Drive valuation automation projects and assist in enhancing the group's reporting processes, procedures and analytics
- Review / prepare presentations and memorandums for senior management
- Aid in the preparation of RE strategic plans and business analysis
- Support Blackstone corporate finance and investor relations teams during the quarterly earnings process as well as on an ad hoc basis in dealing with clients and investors
- Involvement with Blackstone SEC financial reporting - preparing and reviewing deliverables for quarterly filings
- Perform ad hoc analyses to assess the impact of material market events on the portfolio (e.g. regulatory changes, BREXIT, etc.).
- Managing and mentoring junior staff
Qualifications:
Blackstone seeks to hire individuals who work well in a team-driven working group, are highly motivated, intelligent, have sound judgment and have demonstrated excellence in prior endeavors.
The successful candidate must have:
- Undergraduate degree in Finance, Accounting or Economics with strong GPA
- 10-15+ years of related experience
- Experience with open-ended real estate fund finance, valuations and performance reporting
- Strong leader with solid business judgment
- Ability to partner across teams, summarize issues, develop recommendations, and make decisions
- Strong analytical and quantitative skills and detail-oriented
- Strong proficiency with financial modeling in excel
- Ability to adapt to new challenges in a dynamic and fast paced environment while handling multiple projects
- Possesses a strong work ethic, personal and professional integrity, a positive attitude and genuine passion for excellence
- Highly organized
- Strong desire to work in an entrepreneurial environment
- Excellent interpersonal and communication skills, both written and verbal
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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