Finance - Global Fund Finance - BAAM BPS, Director

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 $649 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, 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 Twitter @Blackstone.

Business Unit: BAAM

Job Title: Finance - Global Fund Finance - BAAM BPS, Director

Business Unit Description:

Blackstone Alternative Asset Management (BAAM®) manages approximately $82 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations platform, a business that purchases GP stakes in alternative asset managers, an open-ended mutual fund platform, and an emerging manager seeding business. BAAM invests across a variety of asset classes and strategies to create solutions for its investors. Through its sharp focus on clients' goals, a rigorous due-diligence process and access to Blackstone's global insights, BAAM strives to generate attractive risk-adjusted returns across market cycles while mitigating downside risk during stressed market environments.

Job Description:

Blackstone's Global Fund Finance is seeking a Director to assist in the production of monthly Net Asset Values and reporting for 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 10+ 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 energetic, organized, precise, self-motivated, and a team-oriented individual who will thrive on challenge in a fast-paced, dynamic environment.

Responsibilities

Accounting:

• Review monthly estimate and final Fund NAV's
• Review and analyze NAV reconciliations with various third party administrators and custodians
• Review and reconcile the calculation of and pay management and performance fees
• Review and reconcile client capital statements generated by third party administrators
• Review and reconcile fund foreign currency exposure and coordinate hedging
• Assist and coordinate team members in responding to client requests
• Review customized client reporting including calculation of time weighted returns and IRRs
• Review monthly revenue reporting and assist in review of projections
• Assist in the setup and launch of new products and Funds
• Review cash flow analysis reporting to support the investment process
• Review capital call and distribution calculations and review investor notices
• Collaborate with offshore resources with NAV production
• Collaborate with Operations teams including Middle Office, Pricing, Financial Reporting, Management Reporting, Legal and Compliance, and Regulatory Reporting.
• 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
• 10+ years of fund, audit, or administrator experience
• CPA, and/or CFA preferred
• Experience with PE, hedge fund and / or FoHF investing
• Strong understanding of accounting ledger data
• Accounting systems experience strongly preferred
• Strong Excel skills
• Excellent analytical and communication skills
• Able to multi-task and effectively manage their own time
• A collaborative team player, always willing to assist colleagues

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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