Real Estate Finance - Core+ Real Estate Financial Reporting & Operations Analyst
Blackstone
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 $1.1 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.
Group Profile: 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 Title: Real Estate Finance – Core+ Real Estate Financial Reporting & Operations Analyst
Role and Responsibilities
The Firm is looking to recruit an Analyst to work as part of the Financial Reporting & Operations team covering Blackstone’s Core+ real estate funds; including Blackstone Property Partners Europe (“BPPE”) and Blackstone European Property Income Fund (“BEPIF”).
In this role, the Analyst will be an integral member of the Real Estate Finance team in London focusing on financial reporting and operations. The focus of the team is to produce timely and accurate financial information for reporting to investors, other external and internal stakeholders. The team aims for best-in-class business partnering with all Blackstone Real Estate departments including Business Strategy, Asset Management, Transactions, Capital Markets and Investor Relations. The Analyst will have the opportunity to participate in an array of projects and will be expected to assume a key role on the team.
Primary responsibilities will include:
- Investor transactions: working closely with internal teams and external advisors to support investor subscriptions, redemptions and distributions; liaising with stakeholders to ensure sufficient cash is available when and where required; coordinate with Revantage Luxembourg (a Blackstone portfolio company) and Asset Management teams to monitor cash available for distribution to support the Funds’ distribution policies.
- Debt management and reporting: support internal and external reporting of financial information for external debt in the Funds (including bonds, revolving credit facilities, secured and unsecured facilities); monitoring debt facilities; covenant forecasting and reporting lenders.
- Cash management: monitoring the Funds’ cash and liquidity needs to support effective working capital management, including maximising interest income through effective use of treasury instruments/deposits.
- Annual and interim financial statements: supporting preparation of BEPIF and BPPEH (BPPE’s listed bond issuer) financial statements. Supporting the project management of external audits.
- Valuations: work closely with the Valuation team to ensure timely and accurate debt and fund financial information is included in the Funds’ NAV.
- Automation: Identify and implement operational improvements to existing processes and drive implementation of technology initiatives.
- Oversight and review of various activities, (e.g. cash movements, interest and debt repayments, distributions process at deal level).
- Develop management experience: oversight and review of activities performed by Revantage Luxembourg and growing the use of the Centre of Excellence team in India.
Qualifications
Blackstone seeks to hire individuals who work well in a team-driven working group, are highly motivated, intelligent, have sound judgment and have demonstrated excellence in all prior endeavours.
The successful candidate must have:
- Degree and ACCA/ACA qualified (or equivalent accounting qualification)
- 2+ years post-qualification experience in an accounting / finance role (either in industry or in an audit capacity)
- Prior experience in real estate and/or asset management sectors is a significant advantage
- Excellent Excel skills, including experience of building analysis from large/unstructured data
- Confidence to build relationships and be a key contact point for a range of senior stakeholders
- Confident and inquisitive mindset that seeks to fully understand, be accountable for, and improve delivery of their responsibilities.
- Ability to multi-task and execute a wide range of assignments, strong time management skills, and attention to detail
- Willingness to take on additional projects or support others in the department outside their direct responsibilities.
All qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, age, disability, sexual orientation, national origin, or any other category protected by law.
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.
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.