Finance - Investment Operations - Senior Vice President Job at Blackstone Group
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 $951 billion 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. Further information is available at
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Job Title: Finance - Investment Operations, Senior Vice President
Job Description:
The Finance - Investment Operations group is responsible for all aspects of fund operations related to Blackstone’s Tactical Opportunities funds. Additionally, the group supports the Tactical Opportunities 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 for the Corporate Private Equity funds
- Liaise with the fund accountants on deal transaction accounting for economic waterfall and GAAP F/S
- Manage the investment closing/sale investment funds flow process along-side the deal teams
- Managing responsibilities and assignments delegated to the junior NY and offshore teams
- Preparation of LP capital call and distribution memos
- Preparation of internal reporting to COO, CFO and Head of Finance on fund metrics and dry powder schedules
- Liaise with limited partners
- Forecasting PC cash-flow and fund capital call needs
- Reading and interpreting LPAs
- Monitor fund LPA limitations and maintain 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 vote 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:
Ideal candidate would have a commitment to excellence in their work product, strong time management skills, and a desire to learn.
- Bachelor’s Degree in Accounting or Finance
- CPA a plus
- 12+ years of public “Big 4” accounting and/or private equity fund accounting experience
- 4+ years of experience managing a team
- Strong technical accounting skills
- Strong analytical and organizational skills
- Detail oriented
- Ability to work in a dynamic professional environment and handle projects with competing deadlines
- Ability to build relationships and communicate effectively across multiple levels, functions and locations
- 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 with the ability to work autonomously
- 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:
$200,000 - $250,000
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: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.
Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.
Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to 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 class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.
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).
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:
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Attending client meetings where you are discussing Blackstone products and/or and client questions;
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Marketing Blackstone funds to new or existing clients;
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Supervising or training securities licensed employees;
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Structuring or creating Blackstone funds/products; and
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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.
To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.
To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.
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