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Fund Accounting Vice President, Blackstone Credit Hedge Funds

Company: The Blackstone Group L.P.
Location: New York
Posted on: November 26, 2022

Job Description:

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 $951 billion 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 . Follow @blackstone on -, -, and -. -

  • Responsible for day-to-day activities related to fund accounting and reporting of closed-end funds, open-ended funds, UCITS funds, and separately managed accounts trading liquid credit strategies.
  • Review and oversee daily and month-end NAVs including investor statements, investor allocation, shareholder capital activity, performance metrics, reimbursement/recoupment expense calculations, calculation of asset-based fees, management fees, and performance fees; investigate and resolve discrepancies with administrators and internal teams.
  • Review expense allocations, operating expense budgets, vendor expense payments, and monitor budgeted versus actual expenses.
  • Manage all fund level operating activities including the review of tender redemptions, shares repurchase program, at-the-market offerings, capital calls, and dividend distributions.
  • Review quarterly, semi-annual, and annual financial statements pursuant to U.S. GAAP and ensure accurate and timely SEC regulatory filings (e.g. N-CSR, N-PORT, N-CEN, N-2, Form PF, and Form ADV).
  • Coordinate and oversee external administrators, transfer agents and external auditors for year-end audits.
  • Manage and review quarterly reporting deliverables to Blackstone.
    • Review fund legal documents, manage new fund/separately managed account launches, and manage investor requests.
    • Collaborate with internal teams including Investor Client Services, Operations, Management Reporting, Tax, Treasury, FP&A, and Legal and Compliance.
    • Coordinate with internal audit to ensure SOX compliance.
    • Work with technology teams to improve automation/reporting of manual processes.
    • Responsible for development of junior team members and collaboration with our offshore team members.Qualifications: - - - - - - - - - - - - - - - - - -
      • BS (or above) in Accounting or Finance
      • CPA and/or CFA preferred
      • 12+ -years of public accounting, fund, or administrator experience, preferably Big 4 and asset management
      • Experience with registered funds (closed-end, mutual funds, interval funds, UCITS funds, or exchange traded funds, etc.) required
      • Experience in the credit industry is preferred
      • Strong technical accounting and reporting skills
      • Ability to partner across teams, summarize issues, and develop recommendations or make decisions
      • Excellent interpersonal and communication skills, both written and verbal
      • Excellent analytical, problem solving ability, and ability to work with various levels of management
      • Detail oriented and possess strong work ethic; ability to multi-task and execute a wide range of assignments; strong time management skillsThe 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:$155,000 - $200,000Actual 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 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.

Keywords: The Blackstone Group L.P., New York , Fund Accounting Vice President, Blackstone Credit Hedge Funds, Executive , New York, New York

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