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Finance Associate - Real Estate Finance

Blackstone

Blackstone

Accounting & Finance
New York, NY, USA
Posted on Aug 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.

Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $336 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, data centers, residential, office and hospitality. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT). Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).

Job Description:

The Core+ Real Estate (“RE”) Finance Group Operations team is responsible for managing the daily transactional flow, ongoing servicing, and reporting results of portfolio activities across the business.

  • Coordinate and produce global Blackstone Property Partners (BPP) reporting and supporting materials, including quarterly portfolio updates, benchmarking data, etc.
  • Maintain daily investment cash flow tracking process for Blackstone's Core+ real estate funds, which includes global investments across multiple sectors, including Multifamily, Studio/Media, Office, Retail, Life Sciences, Data Centers and Industrial
  • Work with team members to prepare and maintain FP&A deliverables for the Core+ platform, and coordinate with real estate and corporate FP&A groups to ensure proper consolidation of Core+ information
  • Produce the support for investment fundings, distributions, underlying fund level key performance metrics (i.e. IRRs, TWRs), valuation materials, and Blackstone Quarterly SEC financial reporting filings across regional teams
  • Participate in ongoing project initiatives and assist in enhancing the group’s reporting processes, procedures and analytics to continue to scale finance infrastructure and support growth of the Core+ business
  • Engage directly with various teams including, Asset Management, Portfolio Management, Deal Professionals and Global Accounting teams
  • Mentor, oversee and coordinate the Core+ offshore operations team and other key stakeholders
  • Support Blackstone corporate finance and investor relations teams during the quarterly earnings process as well as on an ad hoc basis relating to client and investor matters
  • Prepare monthly and quarterly fund analytics for senior management

Qualifications:

  • Undergraduate degree in Finance, Accounting or Economics; strong academic record
  • 4+ years of related experience
  • Experience with investment fund finance and performance reporting a plus
  • Ability to collaborate with other teams, summarize issues, and develop recommendations
  • Strong analytical and quantitative skills
  • Proficiency in Excel and PowerPoint
  • Ability to adapt to new challenges in a dynamic environment
  • Possesses a strong work ethic, personal and professional integrity, and a positive attitude
  • Highly organized and detail-oriented


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:

$105,000 - $140,000

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 email Human Resources at HR-Recruiting-Americas@Blackstone.com.

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.