Job Title: Investment Operations – PE Retail - Associate
Job Description:
The Finance – Operations group is responsible for all aspects of fund administration operations related to Blackstone’s Private Equity retail funds. Additionally, the group supports the relevant deal teams and internal marketing groups.
Key responsibilities will include but are not limited to:
- Work closely with deal teams/fund counsel/tax advisors and portfolio company (“PC”) management on investment transactions and support
- Liaise with the fund accountants on deal transaction accounting for GAAP F/S
- Manage the investment closing/sale funds flow process alongside the deal teams
- Manage responsibilities and assignments delegated to the junior NY or offshore teams
- Prepare/review of internal reporting to COO, CFO Head of Finance, and Portfolio Management on fund metrics
- Manage fund level cash and liquidity through modelling forecasted realizations and capital deployments
- Read and interpret LPAs
- Monitor fund LPA limit and deal certificate compliance
- Manage capacity on the funds’ credit lines as well as borrowing base compliance/covenants
- Oversee the creation and maintenance of fund and investment structure charts and KYC/AML letters
- Manage custody with 3rd party vendor, share/stock reconciliation and proxy voting process for fund investments
- Liaise with external and internal auditors
- Manage the expense process and compliance with LPA and firm policies
- Work with technology team to improve automation/reporting of manual processes
- Assist with special projects and internal ad hoc requests as needed
Qualifications:
- Bachelor’s Degree in Accounting or Finance
- 3+ years of public accounting, private equity fund accounting, or private equity fund operations experience
- Strong technical accounting skills
- Strong analytical and organizational skills
- Detail-oriented
- Skill to work in a dynamic professional environment and handle multiple projects and deadlines
- Builds relationships and communicates effectively across multiple levels, functions and regions
- Effectively work and communicate with members of the team to ensure established deadlines are being met in an efficient, accurate and thorough manner
- Desire to implement process improvement opportunities
- A self-starter who works independently
- Advanced proficiency in Microsoft Office (Excel, Word and PowerPoint) required
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:
$110,000 - $150,000
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 role consist 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.
