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Fund Accounting, Manager

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Blackstone Group

Jun 13

  • Job
    Full-time
    Senior Level
  • Banking & Finance
  • $115K - $185K
  • New York
  • Quick Apply

AI generated summary

  • You should possess a BS in accounting, 7+ years public/private experience, audit experience, financial services experience, and strong Excel skills for this Fund Accounting Manager role at Blackstone Group.
  • You will oversee fund accounting activities, manage cash, review financial statements, collaborate with various teams, prepare fee calculations and waterfall calculations, manage a team, assist with ad hoc projects, and support audits and tax returns.

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 is required
  • 7+ years public/private experience is preferred
  • Audit experience is preferred
  • Experience in the financial services is preferred
  • Strong Excel skills preferred

Responsibilities

  • Accounting for Blackstone funds leveraging the fund’s general ledger and internal workpapers
  • Oversee the review of daily bank activities, manage cash with the deal team
  • Maintaining information and reconciling loan investments and debt financings in the GL system and internal workpapers to loan tracking models
  • Review quarterly / annual financial statements, quarterly capital statements, LP distributions and capital call notifications, Blackstone reporting deliverables, and quarterly work papers for internal review and quarterly reporting support
  • Collaborate with the deal team, legal team, tax, treasury and operations teams on new investments and restructures
  • Review management fee calculation, rebates and offsets for accuracy and completeness
  • Prepare and review realized and unrealized waterfall calculations
  • Review the gross levered/unlevered and Net IRR calculations
  • Manage the day to day of the Offshore COE Team and Analyst/Associates to ensure accurate and timely preparation of work papers and reconciliation files
  • Collaborate with the Luxembourg third-party administrators
  • Manage upward – communicate any issues and help come up with solutions
  • Assisting with ad hoc projects and system implementations as necessary
  • Preparing support analyses for partnership activities to external auditors for year-end audits and partnership tax returns

FAQs

What is the role of a Fund Accounting Manager at Blackstone?

The Fund Accounting Manager at Blackstone is responsible for overseeing the financial reporting and accounting operations for various investment vehicles, including private equity, real estate, public debt and equity, infrastructure, and more. They work closely with internal teams and external service providers to ensure accurate and timely reporting to investors.

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

A qualified candidate for the Fund Accounting Manager position at Blackstone should have a strong background in fund accounting, financial reporting, and management. They should have a minimum of 5 years of relevant experience in the financial services industry, with a focus on alternative investments. A CPA or CFA certification is preferred.

What are some key responsibilities of a Fund Accounting Manager at Blackstone?

Some key responsibilities of a Fund Accounting Manager at Blackstone include overseeing the preparation of financial statements, managing the audit process, ensuring compliance with regulatory requirements, and providing support to investor relations teams. They also play a key role in implementing and improving accounting processes and systems.

How does a Fund Accounting Manager at Blackstone contribute to the company's success?

The Fund Accounting Manager plays a crucial role in ensuring the accuracy and integrity of financial reporting for Blackstone's various investment vehicles. By providing timely and accurate information to investors and stakeholders, they help maintain trust and confidence in the company's financial operations. Their expertise in fund accounting also helps drive strategic decision-making and support the overall growth and success of the firm.

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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