Analyst – Asset Servicing

TITLE: Analyst, Reconciliations / Trade Operations

DEPARTMENT: Finance and Operations

In 2025, Blackstone established Brio Real Estate (“Brio”) as a portfolio company focused on real estate credit.  Brio is a specialized global commercial real estate asset services platform that manages and supports Blackstone’s Real Estate Debt Strategies business (“BREDS”) across the globe.  Today, BREDS has more than $77 billion in investor capital across high yield / opportunistic real estate credit funds, a publicly traded Mortgage REIT, CMBS securities and insurance capital.  Brio is a sophisticated real estate credit solutions provider that enhances value for investors and supports BREDS across key functions, including asset management, transactions, capital markets, surveillance, portfolio management and legal & compliance.  Brio provides critical infrastructure and capabilities for BREDS to allow for effective investments and management of its global portfolio.

Blackstone is the world’s largest alternative asset manager with more than $1 trillion in assets under management. Blackstone’s scale, with roughly 12,700 real estate assets and over 240 portfolio companies, enables them to invest in dynamic sectors positioned for long-term growth. The firm seeks to deliver compelling returns for institutional and individual investors by building strong businesses that deliver lasting value. Blackstone’s global investment strategies focus on real estate, private equity, infrastructure, life sciences, growth equity, credit, secondaries and hedge funds.

JOB SUMMARY

The Public Investment Operations team oversees all operational aspects of the liquid real estate products (RMBS, CMBS, RE Corporate Debt) investing as well as the related hedging (Interest Rate and Foreign Exchange) from trade input and settlement to the on-going asset servicing. This role will be primarily focused on Asset Servicing, Reconciliation and helping to maintain various funds’ Books and Records. This role requires interaction with Fund Administrators, Accounting, Custodians, Trustees and other Operations professionals

Essential Job Functions

• Process interest payments, paydowns, drawdowns, fees, deposits, and withdrawals.
• Perform cash and position reconciliations and resolve operational breaks.
• Investigate discrepancies across accounting, custody, and portfolio management systems.
• Support transfer activity, settlement processes, and standing settlement instructions (SSI).
• Prepare recurring reports and reconciliation analyses.
• Maintain investment accounts and fund data across operational platforms.
• Monitor and escalate exceptions, delayed payments, and reconciliation issues.
• Collaborate with internal teams and external partners to support daily operational activities and client requests.

Qualifications:

MBA in Finance or bachelor’s degree in finance, Real Estate, Accounting or a related field.3+ years’ experience in investment operations, fund accounting, middle office, or related financial services functions.

Knowledge of public and private investment products, including private placements, and fixed income securities (CMBS, RMBS, Corporate Debt)Strong understanding of cash management, trade settlements, reconciliations, and lifecycle event processing.

Experience with portfolio accounting and reconciliation platforms is preferred.

Motivated to excel in a collaborative, fast-paced environment, working with competing deadlines.

Advanced proficiency in Microsoft Excel and reporting tools.

Excellent communication and stakeholder management skills

Experience with portfolio accounting (Geneva) and reconciliation platforms(DUCO) is preferred.

Experience working with custody portals is a plus

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