Tactical Opportunities Finance - Operations, Associate Tactical Opportunities Finance - Operations,  …

Blackstone US
in New York, NY, United States
Permanent, Full time
Last application, 20 Aug 19
Blackstone US
in New York, NY, United States
Permanent, Full time
Last application, 20 Aug 19
Tactical Opportunities Finance - Operations, Associate
Job Description:
Blackstone is one of the world's leading investment firms. 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 asset management businesses, with over $430 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com . Follow Blackstone on Twitter @Blackstone .

Job Title:
Tactical Opportunities Finance - Operations, Associate

Job Description:

The Tactical Opportunities Finance - Operations group is responsible for all aspects of fund administration operations related to Blackstone's private equity funds. Additionally, the group supports the private equity 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
  • Liaise with the fund accountants on deal transaction accounting for GAAP F/S
  • Manage the investment closing/sale funds flow process along-side the deal teams
  • Managing responsibilities and assignments delegated to the junior NY and offshore teams
  • Preparation of 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 investors
  • Forecasting PC cash-flow and fund capital call needs
  • Reading and interpreting LPAs
  • Monitor fund LPA limit and deal certificate 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 voting 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

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
  • CPA
  • 6-8 Years of public accounting, fund accounting, or fund operations experience
  • Strong technical accounting skills
  • Strong analytical and organizational skills
  • Detail oriented
  • Ability to work in a fast paced professional environment and handle multiple projects and 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

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, disability, sexual orientation, national origin or any other category protected by law.
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).

The Blackstone Group and its affiliates provide equal employment opportunity to all qualified employees and applicants for employment regardless of 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 classification prohibited by applicable law.

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