Strategic Incentives Group - Personal Investment Management, AVP

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 $975 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.

Group Overview:

The Personal Investment Management Group ("PIM") is responsible for the coordination, management, and administration of the firm and its affilates' co-investment and carried interest programs. The team plays a vital role in the Blackstone investment process, working hands-on with investments from inception to distribution, while managing impact to financial statements. The team is responsible for funding for the relevant investment partnerships, structuring investment allocations, facilitating members' use of leverage and distributing investment proceeds. The team also specializes in management of investment related compensation including carried interest and incentive fees.

Job Title: Strategic Incentives Group - Personal Investments Management, AVP

Job Description:

The candidate will work with members of the team at all levels on an array of projects and concepts relating to individual participation in Blackstone's alternative investment vehicles. The individual will expand their knowledge of fund structure and associated investment economics that these programs are built on, as well as obtain detailed knowledge of carried interest calculations and participation. The individual will also assist with aspects of the loan program associated with employee participation. Additionally, this individual will be responsible for management reporting around employee carry economics. The individual will get broad exposure across the business groups and collaborate with various teams in Strategic Incentives Group, Human Resources, Finance and Technology. Responsibilities include:

• Perform investment proceeds distributions for various funds, utilizing knowledge of carried interest calculations, fund structures and investment characteristics
• Manage the quarterly and cumulative carried interest valuations and allocations
• Work with management on items related to carried interest compensation
• Assist with the employee loan programs and relationships with third-party lenders
• Interface with various third parties such as legal counsel, external lenders, technology, and wealth advisors on matters related to affiliate holdings
• Perform detailed ad-hoc analyses and create presentations related to individual and firm wide investment holdings in Blackstone funds for management, investors, and third parties
• Manage and assist in projects related to technology, reporting, and process improvement
• Facilitate detailed quarterly reporting to participants on their investment portfolio and be responsive to investor questions and requests
• Supervise one team member in NY and five team members in India on all aspects of the above

Qualifications:

• Bachelor's degree in accounting or finance
• 7+ years of relevant work experience
• Strong academic record
• Strong leadership skills with solid business judgment
• Team oriented individual
• Highly motivated and willingness to learn
• Excellent analytical skills
• Attention to detail and accuracy
• Highly-motivated and enthusiastic
• Excellent communication skills, written and verbal
• Proficient in Excel and PowerPoint
• Investran experience preferred

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 - $165,000

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.

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.