Global Fund Finance - Real Estate - Assistant Vice President

About the role

The Global Fund Finance – Real Estate Accounting group is responsible for the fund financial reporting and all aspects of accounting related to the Blackstone Real Estate Partners funds (“BREP”).

Responsibilities

• Oversee and review the funds’ quarterly close process and reporting to the public company, including booking investment valuations, performance fees, line-of-credit activity, cash balances, and expense allocations.
• Review the funds’ quarterly and annual financial statements prepared in accordance with GAAP.
• Review supporting workpapers and schedules for underlying financial statement balances.
• Review investor’s quarterly capital account statements.
• Review financial reporting of the funds’ underlying holding companies/SPV entities.
• Oversee and review regulatory filings, including Form ADV, Form PF, CIMA filings and Annex IV reporting.
• Coordinate with internal and external auditors across all phases of the annual audit process, including SOX 404 compliance.
• Maintain and review waterfall models, including management fee, contribution, and distribution calculations.
• Oversee the preparation and review of investor management fee, capital contribution, and distribution notices.
• Ensure timely and professional responses to investor inquiries.
• Mentor and develop accounting team members across global locations.
• Coordinate internal cash movements with BX Treasury.
• Collaborate closely with internal stakeholders, including Operations, Investor Reporting, Tax, Treasury, Valuations, Regional Finance and Legal and Compliance.
• Support the testing, implementation, and enhancement of technology initiatives to drive process efficiencies and continuous improvement across finance functions.

Qualifications

• BS (or above) in Accounting or Finance.
• CPA and/or CFA preferred.
• 7+ years of real estate and/or private equity fund accounting, Big 4, or fund administrator experience.
• Proficient knowledge of Microsoft Office Suite (Excel, Word, PowerPoint).
• Excellent written and verbal communication skills, and effectively interact with senior management and external stakeholders.
• Demonstrates analytical and problem-solving capabilities with strong attention to detail.
• Highly organized, results-oriented, and capable of managing multiple priorities in a fast-paced environment.
• Adapt in a dynamic environment and manage concurrent projects.
• Commitment to excellence, continuous improvement, and professional growth.

Pay

• Expected annual base salary range: $130,000 – $200,000
• Additional compensation consists of comprehensive health benefits, including medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses.
• Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.