Blackstone
Fund Accounting - Assistant Vice President - Mutual Funds
Blackstone, New York, New York, United States, 10001
Job Opportunity at Blackstone
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 $1.1 trillion 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. Responsibilities: Review daily and monthly estimate and final fund NAVs Understanding of accounting ledger data in order to review the third-party fund administrator data, shadow books and reconciliations to manage daily NAV generation Calculate management and complex incentive fees Oversee daily pricing and determine valuation as needed for mutual fund holdings: listed domestic and foreign equities, listed and OTC derivatives, structured credit, private investments In depth knowledge of SEC filings for regulated mutual funds and Central Bank of Ireland filings for regulated UCITS funds Coordinate with auditors for interim testing and audited financial statements Review financial statements and disclosures to ensure compliance with U.S. GAAP and SEC financial reporting requirements Assist with various ad-hoc reporting including RoRs, PnL, position exposure and other analyses for senior management Prepare material for valuation committee, investment team and Board of Directors Qualifications: BS (or above) in Accounting or Finance 6+ years of fund, audit, or administrator experience CPA preferred Experience in mutual funds and/or hedge funds is required Strong Excel skills preferred Knowledge of fund accounting and operations Excellent analytical and communication skills Able to multi-task and effectively manage their own time A collaborative team player, always willing to assist colleagues Possesses a strong work ethic, professional integrity, and a positive attitude Ability to work in a dynamic, fast-paced environment and handle multiple projects 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: $125,000 - $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. Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, 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. If you need a reasonable accommodation to complete your application, please email Human Resources at HR-Recruiting-Americas@Blackstone.com. 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 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.
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 $1.1 trillion 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. Responsibilities: Review daily and monthly estimate and final fund NAVs Understanding of accounting ledger data in order to review the third-party fund administrator data, shadow books and reconciliations to manage daily NAV generation Calculate management and complex incentive fees Oversee daily pricing and determine valuation as needed for mutual fund holdings: listed domestic and foreign equities, listed and OTC derivatives, structured credit, private investments In depth knowledge of SEC filings for regulated mutual funds and Central Bank of Ireland filings for regulated UCITS funds Coordinate with auditors for interim testing and audited financial statements Review financial statements and disclosures to ensure compliance with U.S. GAAP and SEC financial reporting requirements Assist with various ad-hoc reporting including RoRs, PnL, position exposure and other analyses for senior management Prepare material for valuation committee, investment team and Board of Directors Qualifications: BS (or above) in Accounting or Finance 6+ years of fund, audit, or administrator experience CPA preferred Experience in mutual funds and/or hedge funds is required Strong Excel skills preferred Knowledge of fund accounting and operations Excellent analytical and communication skills Able to multi-task and effectively manage their own time A collaborative team player, always willing to assist colleagues Possesses a strong work ethic, professional integrity, and a positive attitude Ability to work in a dynamic, fast-paced environment and handle multiple projects 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: $125,000 - $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. Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, 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. If you need a reasonable accommodation to complete your application, please email Human Resources at HR-Recruiting-Americas@Blackstone.com. 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 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.