Sr. Associate, Sr. Accountant

About the role

The Senior Associate, Accounting plays a crucial role in maintaining the monthly operational procedures for BREIT fund, ensuring efficiency and scalability with the month-end close process. They lead month-end close procedures, prepare and review monthly reports, and collaborate with Blackstone to ensure accurate financial tracking and reporting.

Responsibilities

• Play a key role in maintaining the monthly operational procedures for BREIT fund ensuring efficiency and scalability with the month-end close process.
• Lead month-end close procedures, including journal entries, reconciliations, and variance analysis.
• Prepare and review monthly reports focusing on equity, cash, derivatives, assets and liabilities, P&L variance analysis, 1031 exchange accounting, performance incentive accounting, debt and interest expense, offering costs.
• Work closely with Blackstone to ensure accurate financial tracking and reporting.
• Establish and refine accounting procedures, ensuring compliance with GAAP and industry standards.
• Identify opportunities to streamline data collection, reporting, and reconciliation through automation and process improvements.
• Establish internal controls to safeguard financial accuracy and compliance with regulatory and investor requirements.
• Aid in the preparation of quarterly and annual financial statements, including footnote disclosures, and supporting schedules.
• Take ownership of deliverables, proactively identifying areas of improvement in reporting and operational processes.

Requirements

• Bachelor’s degree in accounting
• Minimum 4 years’ experience in accounting, financial analysis, and reporting
• Advanced knowledge of US GAAP
• Excellent communication, problem solving and interpersonal skills
• Self-starter with strong team leadership and problem-solving skills
• Aptitude to think independently and motivation to work with multiple teams in a rapidly changing environment
• Ability to multi-task and manage shifting priorities and deadlines
• Attention to detail and ability to work both independently and in a team environment

Preferred

• CPA certification
• Real estate knowledge
• Workday or Essbase experience