Finance - Global Fund Finance - BAAM BPS, Associate

Job Description:

Blackstone is one of the world's leading investment firms. 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 $619 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, 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 Twitter @Blackstone.

Business Unit: BAAM

Business description:

Blackstone Alternative Asset Management (BAAM®) manages approximately $79billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations platform, a business that purchases GP stakes in alternative asset managers, an open-ended mutual fund platform, and an emerging manager seeding business. BAAM invests across a variety of asset classes and strategies to create solutions for its investors. Through its sharp focus on clients' goals, a rigorous due-diligence process and access to Blackstone's global insights, BAAM strives to generate attractive risk-adjusted returns across market cycleswhile mitigating downside risk during stressed market environments.

Job Title: Finance - Global Fund Finance - BAAM BPS, Associate

Job Description:

Blackstone's Global Fund Finance is seeking an Associate to assist in the production of monthly financial reporting for various fund structures including drawdown and hybrid fund structures managed by the Hedge Fund Solutions platform. Responsibilities include calculations of estimated NAVs, reconciliation of final NAVs, processing of investor payments, oversight of expense budgeting, hedging and cash reconciliations, certain client reporting functions, and fund structuring and restructuring. Candidates should have 4-6 years of public and/or private accounting experience. Candidates should exhibit strong technical and analytical skills as well as exceptional communication skills and a proven track record of developing and implementing innovative solutions for complex product structures. Candidates should be energetic, organized, precise, self-motivated, and a team-oriented individual who will thrive on challenge in a fast-paced, dynamic environment.



  • Produce and review monthly estimate and final Fund NAV's and Investor allocations for a complex fund structure utilizing Investran and proprietary systems

  • Prepare and reconcile the calculation of and pay management and performance fees

  • Review and reconcile client capital statements generated by third party administrators

  • Analyze and perform NAV reconciliations with various third party administrators and custodians

  • Assist and coordinate team members in responding to client requests

  • Generate customized client reporting including calculation of time weighted returns and IRRs

  • Provide monthly revenue reporting and assist in review of projections

  • Assist in the setup and launch of new products and Funds

  • Perform cash flow analysis reporting to support the investment process

  • Prepare and reconcile capital call and distribution calculations and review investor notices

  • Work with offshore resources to ensure accurate and timely input of journal entries and preparation of reconciliation files and provide additional training when needed

  • Collaborate with Operations teams including Middle Office, Pricing, Financial Reporting, Management Reporting, Legal and Compliance, and Regulatory Reporting.

  • Utilize technology and outsourced solutions to enhance efficiencies and controls

  • Work with reporting teams to properly present data in audited financial statements and regulatory filings

  • Review legal documents for fund accounting process considerations


  • BS (or above) in Accounting or Finance

  • 4-6 years of fund, audit, or administrator experience

  • CPA, and/or CFA preferred

  • Experience with PE, hedge fund and / or FoHF investing

  • Investran experience strongly preferred

  • Strong Excel skills

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex or national origin.

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).

The Blackstone Group and its affiliates provide equal employment opportunity to all qualified employees and applicants for employment regardless of 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 classification prohibited by applicable law.

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