Logo of Huzzle

Home

Matches

Explore

Manage

Fund Accounting Associate

image

Blackstone Group

Jun 13

  • Job
    Full-time
    Mid Level
  • Banking & Finance
  • $100K - $140K
  • Miami
  • Quick Apply

AI generated summary

  • You must have a degree in Accounting or Finance, 3+ years of relevant experience, knowledge of private equity/hedge funds, SEC filings, CPA certification, strong Excel skills, and excellent analytical, technical, and communication abilities. Be proactive, collaborative, and able to manage multiple tasks efficiently.
  • You will review fund NAVs, prepare capital calls, monitor investment costs, reconcile portfolios, calculate fees, assist in audits, and oversee the offshore team in Fund Accounting Associate role at Blackstone Group.

Requirements

  • Blackstone seeks to hire individuals who are highly motivated, proactive, intelligent, and have demonstrated excellence in prior endeavors. The successful candidate should have:
  • BS (or above) in Accounting or Finance
  • 3+ years of fund, audit, or administrator experience / 3+ years of public or private accounting experience
  • Experience in private equity and / or hedge funds and / or audit preferred
  • Knowledge of SEC / relevant regulatory filings for investment funds preferred
  • CPA preferred
  • Strong Excel skills preferred
  • Excellent analytical, technical, and communication skills
  • Able to multi-task and effectively manage their own time.
  • A collaborative team player, always willing to assist colleagues.

Responsibilities

  • Reviewing daily and monthly estimate and final fund NAVs.
  • Preparing and reviewing capital calls and distributions allocations
  • Assist in tracking investment cost and monitoring the fair value of the investments
  • Preparation and oversight of quarterly NAV and portfolio reconciliation process; investigating and resolving discrepancies with internal operations teams
  • Calculating management fees, distributions, waterfall allocations, and IRR
  • Preparing and reviewing fund forecasts, performance estimates, attributions, and other ad-hoc projects
  • Assisting in review of investor statements and internal reporting
  • Coordinating with external auditors for the year-end audit process
  • Overseeing and reviewing the work of the offshore team

FAQs

What are the primary responsibilities of a Fund Accounting Associate at Blackstone?

The primary responsibilities of a Fund Accounting Associate at Blackstone include supporting fund accounting and reporting functions for various investment funds, preparing financial statements, reconciling accounts, and assisting with audits.

What qualifications are required to become a Fund Accounting Associate at Blackstone?

Qualifications for the role of Fund Accounting Associate at Blackstone typically include a Bachelor’s degree in Accounting, Finance, or a related field, prior experience in fund accounting or financial services, strong analytical skills, and proficiency in Microsoft Excel.

Is the role of Fund Accounting Associate at Blackstone a remote position or on-site?

The role of Fund Accounting Associate at Blackstone is typically an on-site position based in one of our office locations. However, there may be opportunities for remote work depending on business needs and individual circumstances.

What career development opportunities are available for Fund Accounting Associates at Blackstone?

Fund Accounting Associates at Blackstone have opportunities for growth and advancement within the Fund Finance team, as well as the broader Blackstone organization. Professional development resources, mentorship programs, and training opportunities are available to support career growth.

image

Blackstone Group

Finance
Industry
1001-5000
Employees
1985
Founded Year

Mission & Purpose

Blackstone is a global investment firm that specialises in alternative asset management and financial advisory services. The company engages in various investment activities, including private equity, real estate, credit, and hedge fund solutions. Blackstone's ultimate mission is to generate attractive investment returns for their clients while managing risk prudently. Their purpose is to provide exceptional investment opportunities and value-added services to their investors, aiming to create lasting value and deliver superior performance. Blackstone strives to be a trusted partner for their clients, leveraging their deep industry expertise, global network, and disciplined investment approach to drive long-term success and contribute to the growth and development of the companies and assets they invest in.

Culture & Values

  • Relentlessly pursue excellence

    We strive to be the best at what we do, applying our global talent and scale to generate compelling outcomes for our clients.

  • Never compromise integrity

    We adhere to the highest standards of integrity, maintaining and deepening our clients’ trust.

  • Outperform through innovation

    We approach our work with a builder mindset, creating new opportunities through innovation and entrepreneurialism.

  • Deliver for our customers

    We are meticulous custodians of capital, deploying it when we have conviction that we can deliver lasting value.

  • Work humbly, work together

    We build diverse teams of extraordinary professionals who advocate for the best ideas and celebrate each other’s wins.

Benefits

  • Health Insurance

  • Vision Insurance

  • Performance Bonus

  • Maternity & Paternity Leave

  • Flexible Spending Account (FSA)

  • Dental Insurance

  • Life Insurance