Full-Time

Global Fund Accounting AVP-Blackstone Credit & Insurance

Bxci

Posted on 4/17/2025

Blackstone

Blackstone

5,001-10,000 employees

Global leader in alternative asset management

Compensation Overview

$125k - $200k/yr

Mid, Senior

Jackson Township, NJ, USA

Category
Financial Accounting
Management Accounting
Accounting
Required Skills
Excel/Numbers/Sheets
Requirements
  • Advanced Excel skills required
  • 3+ years of public accounting / private equity experience, preferably public accounting and asset management
  • CPA preferred
  • Commitment to excellence in work product
  • Strong time management skills
  • Independent worker/ self-starter
Responsibilities
  • Overseeing quarterly NAV and portfolio reconciliation process; investigating and resolving discrepancies with Investran and internal operations teams.
  • Preparing and reviewing capital calls and distributions allocations
  • Calculating management fee, distributions, waterfall allocations, and IRR
  • Preparing and reviewing expense allocations and payments
  • Monitoring expenses and preparing budgets
  • Reviewing financial statements and regulatory reporting
  • Maintaining information and reconciling loan investments and debt financings in Investran to loan tracking models
  • Preparing and reviewing fund forecasts, performance estimates, attributions, and other ad-hoc projects
  • Overseeing the calculations and managing wire payments for various firm revenues, including management fees and incentive fees
  • Reviewing fund legal documents and assisting in building processes and templates for new fund launches
  • Liaising with the Investment and Operation teams to review and enhance internal and investor reporting
  • Assisting in review of investor statements, quarterly investment letters, and internal reporting
  • Maintaining accounting related data (capital, expenses, P&L) in internal systems
  • Coordinating with external auditors for the year-end audit process
  • Overseeing and reviewing the work of the offshore team and various administrators
Desired Qualifications
  • CPA preferred

Blackstone is a major player in alternative asset management, managing over $1.1 trillion in assets. The firm focuses on private equity, real estate, and credit investments, catering to both institutional and individual investors. Blackstone collaborates with financial advisors and wealth managers to provide access to private markets, aiming to create strong businesses that offer lasting value. The company has a significant presence in sectors poised for long-term growth, with a portfolio that includes 12,400 real estate assets and 230 companies. Its main products, BREIT and BCRED, are tailored for investors looking for income through real estate and private credit investments. Additionally, Blackstone offers an On-Demand Continuing Education Program to help investors understand private markets and investment strategies. The company's goal is to identify economic trends and invest in leading businesses to generate returns, earning revenue through management and performance fees.

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

New York City, New York

Founded

1985

Simplify Jobs

Simplify's Take

What believers are saying

  • Blackstone's investment in Kolte-Patil taps into India's urbanization and middle-class growth.
  • The firm's BCRED product meets growing demand for private credit investments.
  • Blackstone's acquisition of Aon Hewitt enhances digital transformation in real estate.

What critics are saying

  • Increased competition in Japan may lead to higher acquisition costs for Blackstone.
  • Blackstone's AGS Airports stake exposes it to volatile UK travel industry risks.
  • Regulatory hurdles in India's real estate market could challenge Blackstone's Kolte-Patil investment.

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

Company News

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Apr 18th, 2025
Blackstone completes acquisition of Aon Hewitt’s Technology-Enabled Benefits & Cloud-Based HR Service Platform - Blackstone

Press releases, portfolio company news, and timely updates on our business.

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Apr 8th, 2025
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London-based family members’ club, Little Houses Group (LHG), is set to expand following fresh investment from Blackstone.

Private Equity News
Mar 28th, 2025
Blackstone Acquires 22% Stake in AGS

Blackstone announced it will acquire a 22% minority stake in AGS Airports from AviAlliance for £235 million. AGS operates Glasgow, Aberdeen, and Southampton airports, handling over 11 million passengers annually. AviAlliance will retain a 78% majority stake. The investment aims to support UK travel and tourism growth. Blackstone and PSP Investments plan to leverage AviAlliance's expertise to enhance AGS's position in the UK market.

The Hindu Business Line
Mar 17th, 2025
Blackstone Acquires 66% of Kolte-Patil for ₹1,800 Cr

Blackstone has acquired a 66% stake in Kolte-Patil Developers Limited for approximately ₹1,800 crore ($240 million). The deal involves Blackstone Real Estate funds purchasing a 14.3% stake through new equity shares, 25.7% from existing promoters, and potentially an additional 26% via a public open offer. This marks Blackstone's first major entry into India's residential real estate market, highlighting growth potential driven by the country's expanding middle class and urbanization.

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Norm Ai Inc., an AI agent-powered compliance automation startup, has raised $48 million in a Series B funding round, bringing its total funding to $87 million. The round was led by Coatue with participation from Craft Ventures, Vanguard, Blackstone Innovations Investments, Bain Capital, NewYork Life Ventures, Citi Ventures, TIAA Ventures, and Salesforce CEO Marc Benioff. Norm Ai aims to integrate compliance checks into business processes using its proprietary programming language and AI agents.