Global Fund Finance, Assistant Vice President - Blackstone Multi-Asset
Miami, Florida, United States · On-site
$130k–$200k/yr
Senior$23B raised
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Skills: Fund Accounting, NAV Calculation, Financial Reporting, Excel, Analytical Skills
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$130k–$200k/yr
Full-time
bachelor degree
Medical Insurance, Dental Insurance, Vision Insurance, FSA Benefits, Paid Time Off, Life Insurance
Posted 27d ago
~40 hrs/week
Responsibilities
The role involves producing monthly Net Asset Values (NAVs) and reporting for the Hedge Fund Solutions platform. Key duties include reconciling NAVs with third-party administrators, managing investor payments, and coordinating fund structuring and hedging.
Requirements
Candidates must have a BS in Accounting or Finance and at least 6 years of public or private accounting experience. A CPA or CFA certification and experience with Private Equity or Hedge Fund investing are preferred.
Full job description
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.
Blackstone Multi-Asset Investing (BXMA) manages $83 billion across a diversified set of businesses. We strive to generate attractive risk-adjusted returns across market cycles while mitigating downside risk. Our strategies include Absolute Return, which supports diversification, and Multi-Strategy, which invests opportunistically across asset classes, including direct investments.
Blackstone’s Global Fund Finance is seeking an Assistant Vice President to assist in the production of monthly Net Asset Values and reporting for the Hedge Fund Solutions platform. Responsibilities include calculations of estimated NAVs, reconciliation of final NAVs, processing of investor payments, oversight of expense budgeting, hedging and cash reconciliations, certain client reporting functions, and fund structuring and restructuring.
Responsibilities:
Review monthly estimate and final Fund NAV’s
Review and analyze NAV reconciliations with various third party administrators and custodians
Review and reconcile the calculation of pay management and performance fees
Review and reconcile client capital statements generated by third party administrators
Review and reconcile fund foreign currency exposure and coordinate hedging
Assist and coordinate team members in responding to client requests
Review customized client reporting including calculation of time weighted returns and IRRs
Review monthly revenue reporting and assist in review of projections
Assist in the setup and launch of new products and Funds
Review cash flow analysis reporting to support the investment process
Review capital call and distribution calculations and review investor notices
Collaborate with offshore resources with NAV production
Collaborate with Operations teams including Middle Office, Pricing, Financial Reporting, Management Reporting, Legal and Compliance, and Regulatory Reporting
Utilize technology and outsourced solutions to enhance efficiencies and controls
Oversee service providers to achieve superior service
Work with reporting teams to properly present data in audited financial statements and regulatory filings
Review legal documents for fund accounting process considerations
Qualifications:
BS (or above) in Accounting or Finance
6+ years of public or private accounting experience
CPA, and/or CFA preferred
Experience with PE, hedge fund and/or FoHF investing
Strong understanding of accounting ledger data
Accounting systems experience strongly preferred
Strong Excel skills
Excellent analytical and communication skills
Able to multi-task and effectively manage own time
A collaborative team player, always willing to assist colleagues
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 - $200,000
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 and benefits offered in connection with the roleconsist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.
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.
Related keywords
Net Asset ValueNAVHedge FundsPrivate EquityFund of Hedge FundsCPACFATime Weighted ReturnsIRRCash Flow AnalysisCapital CallsDistributionsFinancial StatementsRegulatory FilingsAlternative Asset ManagementMulti-Asset Investing
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.