Full-Time

Global Fund Finance

Strategic Partners, Associate

Posted on 1/15/2025

Blackstone

Blackstone

5,001-10,000 employees

Global leader in alternative asset management

Financial Services
Real Estate
Education

Compensation Overview

$105k - $140kAnnually

Mid, Senior

New York, NY, USA

Category
Cost Accounting
Financial Accounting
Financial Analysis
Accounting
Required Skills
Word/Pages/Docs
Excel/Numbers/Sheets
PowerPoint/Keynote/Slides
Requirements
  • 3+ years of related experience in public accounting and/or private equity fund administration
  • Bachelor’s Degree in Accounting
  • Strong technical accounting and analytical skills
  • Proficiency in Microsoft Office (Excel, Word and PowerPoint)
  • Effective verbal and written communicator
  • Highly organized and proactive
  • Professional integrity
Responsibilities
  • Prepare, review and post J/E into Investran (G/L accounting system)
  • Manage the cash balance of each fund to determine the need for capital calls, distributions, etc.
  • Review and prepare quarterly and annual financial statement packages including investor reporting
  • Coordination of capital calls and distributions
  • Reviewing of waterfall calculations
  • Reviewing of management fee calculations and billing statements
  • Review work product from outsourced providers
  • Liaise with other areas of Blackstone, including tax, legal and treasury
  • Review and understand partnership agreements
  • Work closely with team members on accounting issues
  • Assisting with special projects and internal ad hoc requests
  • Perform detailed accounting function for Blackstone Insurance Solutions portfolio including managing cash flow activity for investment capital calls and distributions and recording valuation adjustments
  • Prepare client reports and summaries for portfolios managed under Blackstone Insurance Solutions
Desired Qualifications
  • CPA (preferred, not required)

Blackstone is a leader in alternative asset management, focusing on private equity, real estate, and credit investments. The firm manages over $1.1 trillion in assets and partners with financial advisors to provide access to private markets, aiming to create strong businesses that deliver lasting value. Its main products, BREIT and BCRED, cater to income-focused investors, while the On-Demand Continuing Education Program helps educate investors on private market topics. Blackstone's goal is to identify economic trends and invest in industry-leading businesses to generate strong returns.

Company Stage

N/A

Total Funding

$18.1B

Headquarters

New York City, New York

Founded

1985

Simplify Jobs

Simplify's Take

What believers are saying

  • Blackstone's $300 million investment in DDN shows a focus on high-growth tech sectors.
  • The acquisition of Citrin Cooperman expands Blackstone's footprint in financial services.
  • Blackstone's €250 million investment in Sia Partners strengthens its consulting and AI position.

What critics are saying

  • Increased competition in private credit could pressure Blackstone's margins and returns.
  • Significant AI investments may pose risks if the AI market experiences volatility.
  • Regulatory changes in tax laws could impact Blackstone's profitability and strategies.

What makes Blackstone unique

  • Blackstone is a global leader in alternative asset management with $1.1 trillion AUM.
  • The firm specializes in private equity, real estate, and credit investments.
  • Blackstone partners with financial advisors to provide access to private markets.

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Benefits

Professional Development Budget

Flexible Work Hours

Remote Work Options

401(k) Company Match

Paid Vacation

Mental Health Support

Wellness Program

Paid Sick Leave

Paid Holidays

Employee Discounts

Company Social Events