Finance – Global Fund Finance – Blackstone Credit AVP


New York, NY, USA, New York, USA
Posted on August 21, 2023
  • Oversee the NAV finalization process, including P&L reconciliation and allocation to investors, for open-ended and closed-ended private funds trading a credit strategy; investigate and resolve discrepancies with third party fund administrators and internal teams
  • Review and reconcile the calculation and payment of management and performance fees in accordance with the funds’ governing documents
  • Review capital activities / allocations and notifications
  • Approve client capital account statements generated by third party administrators
  • Review annual audited financial statements and coordinate with external auditors for the year-end audit process
  • Prepare or review performance reporting, Blackstone reporting deliverables, and other ad hoc client or management requests
  • Prepare and/or review regulatory reporting, investor letters, and custom client reporting
  • Liaise with various internal teams including Operations, Investor Relations, Management Reporting, Tax, and Legal and Compliance
  • Collaborate with and oversee offshore resources to ensure accurate and timely preparation of files
  • Approve expense allocations, operating expense budgets, and vendor expense payments
  • Review fund legal documents and continue to streamline or build processes and templates
  • 6+ years of public accounting, fund, or administrator experience
  • BS (or above) in Accounting or Finance
  • CPA or CFA preferred
  • Experience with credit products (loans, CLOs, bonds, revolvers, delayed draws) is preferred
  • Possesses a strong work ethic, personal and professional integrity, a positive attitude and genuine passion for excellence
  • Ability to partner across teams, summarize issues, and develop recommendations or make decisions
  • Excellent interpersonal and communication skills, both written and verbal
  • Excellent attention to detail/accuracy and analytical skills
  • Ability to work in a dynamic environment and handle multiple projects
  • Highly organized with strong time management and multi-tasking skills
  • Advanced Excel skills required

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:

$130,000 - $170,000

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.

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