Finance – Investment Operations

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 $1.1 trillion 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.
 

Position Title: Finance – Investment Operations – Real Estate - Assistant Vice President (AVP)

Position Description: This position will be involved in investment operations for Blackstone Real Estate Partners funds (“BREP”) and its underlying investments. 

Specific Responsibilities:

• Plan, prepare and manage the capital call memo process
• Manage Fund liquidity by maintaining a comprehensive forecast model for each fund line of credit (including subscription and NAV lines)
• Work closely with capital markets professionals (BXCM) on investment level debt placement  
• Monitor Fund LPA limitations and deal certificates / line of credit covenant compliance
• Coordinate fund level operating activities, credit facility maintenance, deal funding, and investor funding
• Prepare internal reporting for Real Estate COO & CFO on fund metrics, dry powder, and liquidity schedules; provide analysis and recommended actions
• Responsible for the oversight of prompt responses to internal requests, investor requests and ad hoc projects by the team
• Manage, train and develop staff both in the U.S. and India to assist with operational work
• Work with Legal and Compliance team to ensure compliance with various fund policies and procedures including LPA limitations, side-letter agreements, deal certificates, and line of credit covenants
• Coordinate the testing and implementation of initiatives to improve and streamline fund operations functions

Qualifications:

Blackstone seeks to hire individuals who are highly motivated, intelligent and have demonstrated excellence in prior endeavors.

• 8+ years of Big 4 experience in the private equity industry (Preferably private equity experience)
• Undergraduate degree in Accounting, Finance or Economics
• CPA or graduate degree preferred
• Proficient knowledge of Microsoft Office Suite (Excel, Word, PowerPoint)
• Strong analytical skills, detail oriented and highly organized
• Experience analyzing large data sets preferred
• Possesses a strong work ethic, professional integrity, and a positive attitude
• Strong oral and written communication skills
• Ability to work in a dynamic environment and handle multiple projects

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:

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 email Human Resources at [email protected].

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.