Fund Accounting - Associate - BXMA Direct Trading
The Blackstone Group L.P. - Miami, FL
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Fund Accounting - Associate - BXMA Direct TradingBlackstone 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 .Apply now, read the job details by scrolling down Double check you have the necessary skills before sending an application.Blackstone's Global Fund Finance is seeking an Associate to assist in the production of monthly Net Asset Values and reporting for 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.Responsibilities:Review monthly estimate and final Fund NAVsReview and analyze NAV reconciliations with various third party administrators and custodiansReview and reconcile the calculation of pay management and performance feesReview and reconcile client capital statements generated by third party administratorsReview and reconcile fund foreign currency exposure and coordinate hedgingAssist and coordinate team members in responding to client requestsReview customized client reporting including calculation of time weighted returns and IRRsReview monthly revenue reporting and assist in review of projectionsAssist in the setup and launch of new products and FundsReview cash flow analysis reporting to support the investment processReview capital call and distribution calculations and review investor noticesCollaborate with offshore resources with NAV productionCollaborate 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 controlsOversee service providers to achieve superior serviceWork with reporting teams to properly present data in audited financial statements and regulatory filingsReview legal documents for fund accounting process considerationsQualifications:BS (or above) in Accounting or Finance4+ years of public or private accounting experienceCPA, and/or CFA preferredExperience with PE, hedge fund and/or FoHF investingStrong understanding of accounting ledger dataAccounting systems experience strongly preferredStrong Excel skillsExcellent analytical and communication skillsAble to multi-task and effectively manage their own timeA collaborative team player, always willing to assist colleaguesExpected 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.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.If you need a reasonable accommodation to complete your application, please email Human Resources at HR-Recruiting-Americas@.#J-18808-Ljbffr
Created: 2024-10-18