Finance - Global Fund Finance - BAAM BPS Director

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 $881 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.

Blackstone Alternative Asset Management (BAAM®) manages approximately $81 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 8+ 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 self-motivated, team-oriented individuals committed to finding creative and innovative solutions who 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
• 8+ 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

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.

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).

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.