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Fund Accounting, Assistant Vice President (Blackstone Property Partners)



Accounting & Finance
New Jersey, USA
Posted on Saturday, February 10, 2024

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 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. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, Twitter, and Instagram.

Job Title:

Blackstone Global Fund Finance Open-Ended Funds BPP – Assistant Vice President

Job Description:

  • Responsible for day-to-day activities related to the fund accounting and reporting of open-ended and closed-ended core real estate funds administered both externally and internally
  • Liaise on a daily basis with third party fund administrator including, but not limited to cash, capital allocations and reconciliations, financial statements, capital call drawdown notices, distributions, redemptions, and investor requests
  • Responsible for fund level operating activities including deal funding, investor funding, all cash activities, line of credit, reconciliations, and regulatory reporting
  • Responsible for deliverables associated with BX quarterly close
  • Responsible for production of quarterly and annual financial statements fund partnerships’ GAAP financial statements
  • Responsible for calculation of complex waterfall and incentive models
  • Liaise with external auditors
  • Coordinate with internal audit to ensure SOX compliance
  • Collaborate with multiple internal teams including Tax, Acquisition, Portfolio Management, Asset Management, Legal & Compliance, Investor Client Services, local Finance, Technology, and Treasury
  • Responsible for offshore team coordination


  • BS (or above) in Accounting or Finance is required and CPA is preferred
  • 7+ Years of public accounting/private fund accounting experience
  • Experience with open-ended funds, real estate and/or private equity industry is preferred
  • Knowledge of Investment Company accounting required
  • Strong technical accounting experience required
  • Investran experience a plus
  • Understanding of common industry performance metrics required
  • Advanced excel skills required
  • Strong written and verbal communication skills
  • Ability to thrive in a team-based environment
  • Highly organized and proactive
  • Ability to work effectively in a dynamic culture
  • Detail oriented and possess strong work ethic; ability to multi-task and execute a wide range of assignments; strong time management skills
  • Ideal candidates would have a commitment to excellence in their work product and a desire to learn and grow as a professional

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:

$115,000 - $185,000

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.

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:

  • 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; and

  • 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.